Business Btec Business Level 3 Unit 37 Business Ethics
Business Ethics – Unit 37 Task One
Understand the meaning and importance of ethics in the business world
Businesses have aims and objectives they wish to achieve to be successful. Operational activities are the things the business does to get there, however sometimes businesses make bad decisions that can upset staff, customers, local people, etc. this is why ethics is a very important aspect of business management. Objectives are set as stepping stones which are taken in order for the business to achieve their aim. Primark has their own aims and objectives they wish to achieve to gain success. These include:
Aim: Providing consumers with ethically sourced garments that are good quality
Objective: We will achieve this by testing for quality …show more content…
No harsh or inhumane treatment is allowed
11. Legal requirements – Primark is committed to compliance of all countries’ laws
To further these points in the code of conduct Primark supplies training to their employees and suppliers which address their codes of ethical trading. Suppliers are also constantly checked up upon to make sure they’re maintaining these rules.
To address the wage issue Primark also explain on their website how they share their factories with other retailers and these other companies are also luxury companies – so just because they have low prices doesn’t mean they pay low wages. They actually operate under the living wage scheme which is £7.85 in most of England and £9.15 in London. It is breaking the law to pay anyone under the minimum wage and so Primark go above and beyond this by taking part in this scheme.
Primark then also make sure they are recognised as ‘green’. They explain on their website how they have 2250 farmers and they are in connection with ‘CottonConnect’ who teach them improved farming techniques which show them how to use less water and pesticides as they wish to promote cleaner production respecting the worlds natural resources. Primark’s recognised brown paper bags are known for being 100% recycled material. Being green is very ethical and lots of customers will respect the fact that Primark make sure they are green and this will persuade lots of people to choose Primark over its
Understand the meaning and importance of ethics in the business world
Businesses have aims and objectives they wish to achieve to be successful. Operational activities are the things the business does to get there, however sometimes businesses make bad decisions that can upset staff, customers, local people, etc. this is why ethics is a very important aspect of business management. Objectives are set as stepping stones which are taken in order for the business to achieve their aim. Primark has their own aims and objectives they wish to achieve to gain success. These include:
Aim: Providing consumers with ethically sourced garments that are good quality
Objective: We will achieve this by testing for quality …show more content…
No harsh or inhumane treatment is allowed
11. Legal requirements – Primark is committed to compliance of all countries’ laws
To further these points in the code of conduct Primark supplies training to their employees and suppliers which address their codes of ethical trading. Suppliers are also constantly checked up upon to make sure they’re maintaining these rules.
To address the wage issue Primark also explain on their website how they share their factories with other retailers and these other companies are also luxury companies – so just because they have low prices doesn’t mean they pay low wages. They actually operate under the living wage scheme which is £7.85 in most of England and £9.15 in London. It is breaking the law to pay anyone under the minimum wage and so Primark go above and beyond this by taking part in this scheme.
Primark then also make sure they are recognised as ‘green’. They explain on their website how they have 2250 farmers and they are in connection with ‘CottonConnect’ who teach them improved farming techniques which show them how to use less water and pesticides as they wish to promote cleaner production respecting the worlds natural resources. Primark’s recognised brown paper bags are known for being 100% recycled material. Being green is very ethical and lots of customers will respect the fact that Primark make sure they are green and this will persuade lots of people to choose Primark over its