Business ethics Essay Example | Topics and Well Written Essays - 3500 words

Business morals - Essay ExampleIn such context, it is of the essence(p) for management to realize the importance of task organization morals in maintaining the sustainability of line of merchandise operation. Hence the study has obdurate to look back at importance caper ethics in context to modern organisational settings. The study has selected HSBC, which is a renowned bank, for understanding the importance of business ethics in the organization. Analyzing the impact of business ethics on internal and external stakeholders of HSBC will also be the part of the analysis. In the bear separate the study will provide recommendation to the bank for improving their current business ethics approach. Business Ethics- Theoretical View According to research scholars such as Geraint (2003), Moberg (2003) and Kidd (2003), business ethics impart significant role in those cases where the organization is suffering from asymmetric turbulence in terms of business operation, controlling act ivities of agents or managers, fraudulent activities to achieve undue advantage and disregard of interest of shareholders and stakeholders. From academic viewpoint, business ethics can be subdivided into three parts such as, Descriptive Business Ethics- moral set of the business owner to run the business in transparent port without hurting the interest of shareholders and stakeholders and prescriptive Business Ethics- supporting activities required to control and discourage unfair business practices by organizations (Brenkert, 2004). However, very a few(prenominal) research scholars have actually tried to create demarcation between organizational structures driven business ethics from process driven business ethics. In this paper the study will try to see the role of business ethics in context to organizational structure, organizational process and organizational performances. The proposed modelling can be viewed in the following manner. (Source Svensson and Wood, 2011) There i s no doubt that the concept of business ethics is multifaceted and number of research topics can synchronized in implicit or explicit manner with the ethical perspective of business operation. For example, maintaining business ethics in terms offering high revalue to external stakeholders such as customers (Svensson, 2009), performing bodied social responsibility (CSR) in order to wrick responsible corporate citizen who is ready to put serious effort to improve quality of life of unprivileged section of the society (Young and Kielkiewicz-Young, 2001), improve the sustainability by forcing the supply chain partners to follow human rights while treating with workers (Lippman,1999), following light-green purchasing policy to ensure environmental sustainability (Zsidisin and Siferd, 2001), sustainable supply chain management (Svensson, 2007), following corporate governance codes in order to ensure better governance and decrease the scope for the organization to pass financial fraud which can not only hurt the interest of shareholders but also profess the interest of stakeholders (La Porta et al, 1997 & Shleifer and Vishny, 1997). Ethical Structure Factors like