P1 Describe the ethical issues a business needs to consider in its operational activities.
Ethical issues affect all businesses, if a particular business is becoming a victim of bad ethical problems it could close because the public perception would be very low. But if a company focuses on good ethical actions like recycling and only buying fair trade produce it would increase their popularity with consumers and boost sale.
I have chosen PepsiCo for my business to study because they have been in the headlines in the past with things to do with ethical issues. They are in the grain based snack foods and beverage and some other products. I have chosen this company because it an internationally recognized company that generated billions of pounds a year in revenue. Their headquarters is currently stationed in New York, the beverage drink product, Pepsi is originally developed in North Carolina in 1898 by a young business man and then sold to PepsiCo to 1961 where it was renamed Pepsi.
Mission Statement: Our mission is to be the world's premier consumer Products Company focused on convenient foods and beverages. We seek to produce financial rewards to investors as we provide opportunities for growth and enrichment to our employees, our business partners and the communities in which we operate. And in everything we do, we strive for honesty, fairness and integrity.
PepsiCo’s mission statement goes into how they provide world premier products which is focused on foods and beverages. They speak about how they seek to provide all their employees with opportunities and growth also with a competitive salary. At the end they also proclaim that they are honest and fair, which is a good way for any company to be viewed by its customers.
Aims and objective: PepsiCo’s responsibility is to continually improve all aspects of the world in which we operate – environment, social, economic - creating a better tomorrow than today.
Pepsi basically says that its aims...
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