Unit 45 Assignment 2 1 
Unit 45: Business Ethics
Lecture: Mark Leonard
Assignment 1
Introduction
In the following assignment an explanation upon how business objectives are affected by ethical issues [P4] will be presented alongside an evaluation regarding the implications faced by businesses and stakeholders to operate ethically [P5]. Furthermore, an assessment regarding the role a company acting as a moral agent will be highlighted [P6] with an analysis regarding the development of mechanisms to achieve employee involvement and empowerment [P7].
Main
Outcome 2 – understand business objectives from an ethical perspective
[P4] Ethical consideration refers to the accumulation of beliefs and values that govern the question of what is right or wrong behaviour regarding human interaction when reaching a decision to act upon or refrain from acting upon certain issues and incidents.
Whilst conducting a business, the core objectives according to best practice, that a business must adhere to are, survival; the urge and tendency to prolong the longetivity within the market to gain both monetary and non-monetary rewards, growth; which is the need to expand and diversify into new endeavours as a result of saturated markets or organic growth, increased market-share; which is a knock-on-affect of satisfying the first two objectives, once a company has managed to overcome their competitors and external factors to survive and grow, it can work on gaining more and more customers, in turn becoming a dominant market figure through quality control and environmental targets to generate a social persona, which, when all completed leads to bigger and better profits for the company, whether that be financial or non-financial.
For example, Primark outsources the manufacturing of some of their products abroad to Bangladesh; however, their subcontractors employed children and less fortunate people and worked them to the bone in very poor working condition with no job security. On one hand you could say they
Lecture: Mark Leonard
Assignment 1
Introduction
In the following assignment an explanation upon how business objectives are affected by ethical issues [P4] will be presented alongside an evaluation regarding the implications faced by businesses and stakeholders to operate ethically [P5]. Furthermore, an assessment regarding the role a company acting as a moral agent will be highlighted [P6] with an analysis regarding the development of mechanisms to achieve employee involvement and empowerment [P7].
Main
Outcome 2 – understand business objectives from an ethical perspective
[P4] Ethical consideration refers to the accumulation of beliefs and values that govern the question of what is right or wrong behaviour regarding human interaction when reaching a decision to act upon or refrain from acting upon certain issues and incidents.
Whilst conducting a business, the core objectives according to best practice, that a business must adhere to are, survival; the urge and tendency to prolong the longetivity within the market to gain both monetary and non-monetary rewards, growth; which is the need to expand and diversify into new endeavours as a result of saturated markets or organic growth, increased market-share; which is a knock-on-affect of satisfying the first two objectives, once a company has managed to overcome their competitors and external factors to survive and grow, it can work on gaining more and more customers, in turn becoming a dominant market figure through quality control and environmental targets to generate a social persona, which, when all completed leads to bigger and better profits for the company, whether that be financial or non-financial.
For example, Primark outsources the manufacturing of some of their products abroad to Bangladesh; however, their subcontractors employed children and less fortunate people and worked them to the bone in very poor working condition with no job security. On one hand you could say they