Business Ethics

Topics: Business ethics, Ethics, Applied ethics Pages: 19 (1019 words) Published: May 3, 2014
Unit 45: Business Ethics

Unit code: M/601/1024

QCF level: 5

Credit value: 15 credits

Aim

The aim of this unit is to introduce learners to the concept of business ethics and to examine its relevance when considering business objectives and responsibilities.

Unit abstract

Most businesses today are concerned about the impact of their activities on the business environment. Ethical concerns and greater consumer awareness have resulted in many businesses promoting their social values to ensure competitive advantage. Business ethics embraces corporate social responsibility and ethics relating to accounting practices, marketing, human resource management, and production.

In this unit learners will examine the theoretical roots to the background and growth of business ethics. They will look at the different types of ethical issues a business needs to consider and how the development of ethical values impacts on business behaviour. It is important for learners to appreciate how taking an ethical stance affects businesses both internally and externally, including the effects on stakeholders. Learners will explore the social implications of business ethics for a wide range of business activities that affect the organisation itself and the external environment. This will include the ethical stance behind topical issues such as whistle blowing, employment practices, advertising to children, environmental awareness and using new technologies such as genetic modification of food.

Learners will also examine how an individual’s ethical stance impacts on the moral relationship between employer and employee, as well as considering the contractual responsibilities of both parties. This unit will give learners the opportunity to research how a business responds to ethical concerns and assess the extent to which its activities affect its behaviour, whilst ensuring business objectives are met.

BTEC Levels 4 and 5 Higher Nationals specification in Business – 237
Units – Issue 5 – October 2013 © Pearson Education Limited 2013

UNIT 45: BUSINESS ETHICS

Learning outcomes

On successful completion of this unit a learner will:

Understand different ethical perspectives in business

Understand business objectives from an ethical perspective

Understand ethics in workplace relationships

Be able to assess a current ethical issue in a business.

238
Pearson BTEC Levels 4 and 5 Higher Nationals specification in Business

– Units – Issue 5 – October 2013 © Pearson Education Limited 2013

UNIT 45: BUSINESS ETHICS

Unit content

Understand different ethical perspectives in business

Ethical perspectives: deontological and teleological ethical theory; developments from these early approaches e.g. utilitarianism and other consequential approaches; early contributions of Kant and Mill; absolute and relative ethics; Institute of Business Ethics

Operational activities: definitions of business ethics; ethical activities; values of businesses; professional ethics

Ethical issues: corporate governance; corporate social responsibility; environment; sustainability; human rights; corruption; trading fairly; legal and regulatory compliance; business practices; working conditions; individual ethical responsibilities

Understand business objectives from an ethical perspective

Objectives: corporate governance; corporate social responsibility; environment; sustainability; human rights; corruption; trading fairly; legal and regulatory compliance; business practices; communicating ethical code

Stakeholders: stakeholders (owners, employees, customers, suppliers, competitors, citizens); conflicts of interest between stakeholder groups e.g. shareholders versus environmentalists

Implications: adapting business behaviour;...

Links: There are links between this unit and the management units within this specification.
The unit also links with the National Occupational Standards in Management and Leadership.
Essential requirements
For this unit learners must select an organisation and research its approach to ethical issues. They will require access to websites, newspaper articles and journals in order to conduct their research. Topical case studies will be needed to facilitate group work and discussions.
Employer engagement and vocational contexts
Centres should develop links with organisations such as local businesses, pressure groups and charities that can provide guest speakers to talk on various aspects of business ethics. The centre as an organisation can be a valuable resource both for guest speakers and as a vehicle for topical case studies related to ethical issues. Learners may be able to access information from their part-time jobs related to the organisation’s ethical policies.
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Ethics & Governance Essay
  • why CSR have relation with business Essay
  • Essay on Ethics Reflection
  • Essay about The Business of Water
  • Essay on Business Context
  • Cfa Ethics Quiz Essay
  • Essay on Tax Evasion and Ethics
  • Business Ethics Essay

Become a StudyMode Member

Sign Up - It's Free