Describe the social implications of business ethics facing a selected business in its different areas of activity. (P3 and M2)

What is importance of ethics in business? Provide examples with theoretical answers. (Maximum of 500 words)

The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.

What is principle of justice in acquisition? Our book gives us an analogy concerning basketball player, Wilt Chamberlain that was used by Nozick. The idea

Business organizations today are socially and ethically responsible for doing the right thing, exercising good judgment in their business activities with employees, stakeholders, customers and the community. Business organizations emphasis should not only be on profits, but also on how business decisions impact society.

Under this task I will explain the ethical issues that business needs to consider in its operating activities and how a business they could improve the ethical of their operations and also I will evaluate the influence of stakeholders exert in one company.

M2(Unit 37) - Assess the social implications of business ethics facing a selected business in its different areas of activity

There are several factors that account for the changes in the way business is conducted today. Factors such as increased global competition, economic conditions, technology, electronic commerce, workforce diversity, and ethics have all play a significant role in how business is conducted. How a company conducts itself as a business and a corporate citizen is critical to its success.

Describe the social implications of business ethics facing Marks and Spencer in its different areas of activity.

an action can't be right if the people who are made happy by it are outnumbered by the people who are made unhappy by it.

In this article, Christine Stevens talks about a few tests that used on animals. Without holding back she describes the procedures and it is enough to make a person cringe. She explains the LD-50 test which requires that exactly half of the animals die. Another test that is explain is the Draize Test, which is when test substances are dropped in the conjunctival sac of conscious rabbits. The article also sheds light on how animal salesmen have taken advantage of the testing, always trying to make a profit. I am going to use this article because it gives significant examples of the negative size of animal testing.

The problem to be investigated is the application of business ethics. In the business world, ethics are extremely important. Ethics are prime elements that help a business to grow and to become more productive. It is by applying proper business ethics that a business can operate in a moral or ethical business environment and managed to conduct all activities in a manner that maximizes profits while not compromising all other non-economic concerns(Schwab, 1996). Businesses have over the years failed to nurture business ethics in order to fulfill shareholders' interests and to have a culture that is oriented towards profit maximization and high performance(Jennings, 2012; Sims & Felton, 2006). This has led business to have gray areas in their activities. Gray areas are those situations or problems that do not fit exactly into any ethical analysis. These are the activities which may be represented to be immoral as a result of lying and false representations on the part of the business.

This will be an over view of ethics as it relates to business in our society. Concepts from Philosophy will seek to describe the correlation between actions that are classified as morally right or ethical in our dealings with each other as human beings. Clear and concise examples will be given as well as ways in which to improve upon business ethics.

Ninety two percent of experimental drugs that are safe and effective in animals fail in human trials because they are too dangerous. Animals are being put in situations like this with little to no help. An estimated 26 million animals are used every year in the United States for scientific and commercial testing. Animal tests are used for everything from drugs to makeup. The majority of medical treatments you have used were, at one point, tested on animals.

Ethics plays an essential role during recruitment of new employees.Law and regulation tell that we have to be ethical in hiring.It is also important that ethical rules are followed when hiring a new employee.The equality act 2010 is a legal action which protects people from discrimination in the workplace and in society.Protected characteristic is covered under the act race, age, sex, sexual orientation, pregnancy and maternity, gender reassignment, disability, religion or belief, marriage or civil partnership.For example, you are working for the company and they are giving you less money but another person has same responsibilities as your but earning much more than you earn this is discrimination.

In their personal and professional lives, people can and, unfortunately, sometimes do go against their moral and ethical standards. Ethical standards are what it means to be a good person, the social rules that govern our behavior. Ethics in business is essentially the study of what constitutes the right and wrong or the good or bad behavior in the workplace environment. A business is an organization whose objective is to provide goods or services for profit. The organization has a group of people that work together to achieve a common purpose. The moral challenges that these men and women face each day along with a whole range of problems that could occur, are why ethics plays such an important