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Business ethics nowadays
Ethics practices in business
Business ethics nowadays
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The purpose of this assignment is to explain in detail about how Primark Company operates ethically and they value on the way that the solve problems. It’s important that the hierarchy of the business to consider all the factors in which the company have to focus, because good plan can lead to success. Furthermore, the company’s policy must include the strategy to sell and to communicate with the customers who choose to buy product on this establishment, and also the business achievement and customer satisfaction is also the biggest priority for every business who like to succeed and achieve the goal.
Introduction
In today’s world, things are moving faster as we could not expected, and the business also changed the way that use to operate for
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For example, most people complaining about the quality of the Primark clothes, even because they’re selling the products in good price, but the business needs to concentred on the quality of the products in which costumers are complaining in order to satisfy the customers’ need. Good customer service is the principal thing that the business has to consider first, and the management has to establish the proper strategy in which the business can use in order to promote their products. On the other hand, the company has to implement certain human right, employment and environmental principles create good atmosphere between individuals. (Mason, 2000).
Ethical consumerism is a developing process that highlights on socially accountable trade activities. It is just as much about supporting the good businesses and goods, as it is about retreating support from the bad ones. An ethical customer will help in providing statistics one needs to make an informed decision about acquisition. However, negative ethical buying performance or refuse has been considered as the key form of ethical consumerism. It means avoiding goods that are unethical. Therefore, an informed customer would only choose goods that reflect moral responsibility (UKessays,
Lahdesmaki (2005) argued that marketing can be an ethical contract between businesses and their customers. Therefore businesses are morally obliged to inform their customers about the products in store and provide all the information necessary via marketing strategy so the customer can make informed decisions about their purchase.
In business it is important the a company establish some clear order of business when dealing with business ethics. Ethical business practices can build customer relationships. Unethical business practices can cause a business to lose customers. In this case study the reader will be come familiar with the ethical practice of a Red lobster store in Pleasant Hill, Pennsylvania.
It has employed over 50,000 people around the world. It is easy for people to be aware of Primark since the stores are nearly everywhere. Moreover, Primark provides a diverse range of apparels such as menswear, womenswear, children’s wear, etc. It offers high street quality garments at the rock-bottom prices and quality service to people. It can satisfy most of the customers’ needs due to the variety of products and the reasonable price of merchandise. Furthermore, Primark has a huge number of customer base which lead to the profits of the firm has increased in every year. The company’s revenue in 2015 (5,347 million) is around 3 times more than the revenue in 2007 (1,602 million) (Statista, 2016). This implies Primark has reached the climax currently and not easily to be beaten by other competitors. Another strength of Primark is that the company is one of the member of Ethical Trading Initiative (ETI), which focuses on employees’ rights. It can increase Primark’s reputation if people recognize the firm has showed respect to its
...with a return policy’s. Guarantee to their customers. However customers trust both companies.to support the need for high value, operations must be ensure that their production are high of quality and usually undamaged.
Ethics or rather morals entail mechanisms that defend, systematize as well as recommend conceptions of right or wrong. Many organizations develop ethical codes to ensure employees and employers understand the difference in doing good or bad. In that respect, ethics are an essential aspect of successfully running of any organization or government. Ethics ensure employee’s productivity levels are up to the required standards. It also assists them to know their rights and responsibilities. Additionally, employers, as well as any persons in management, are guided by them to ensure they provide transparent leadership. Ethics also defines how customers should be handled. Ethical codes govern the relationship between customers and an
Being ethical or not? Always doing the right thing? These are all questions and thoughts, which arise in a business on a daily basis. However, I personally feel that the answer lies within us. If we choose when to be ethical, and when not to be, does it actually make us a good person? Albert Carr discusses some of key aspects of his theory in the article “If Business Bluffing
Segmentation, targeting and positioning are the fundament of modern marketing (Proctor, 2002, p. 188, as cited in Harris and Schaefer, 2015).
Any company doing business in the United States and abroad has a responsibility to be socially responsible. This responsibility is guided by business ethics basic values that guide a firm's behavior. These ethics come into all decisions made by businesses. Including what goes into the products, how they are advertised and sold, and how they are disposed of. Wal-Mart, the world's largest retailer, is the largest corporation and private employer in the United States. Wal-Mart is consistently listed among America's most admired companies by Fortune magazine. At the same time, it is frequently the target of criticism for its employment practices and its effect on the larger economy and community. How should consumers evaluate these issues? Is it ethical to shop at Wal-Mart? (http://www.scu.edu/ethics/publications/ethicalperspectives/wal-mart.html)
Marketing is a system of business activates designed to plan, price, promote and distribute want-satisfying products, services and ideas to customers in order to achieve business objectives. Consumer law protects consumer’s rights in the marketplace as well as fair trading, competition and accurate information. On the other hand, ethical aspects of marketing are about making marketing decisions that are morally right. However, consumer law and ethical aspects of marketing have a lot of advantages and disadvantages in the marketplace, which impacts business 's sales and growth like it happened to: Harvey Norman, Nurofen, apple, etc.
Ethics are the driving force behind good business. Every ethical choice made by a professional can and will have a much different outcome than any unethical choice. Bad ethics can ruin many aspects of a business and as (Gaye-Anderson, 2007) states how quite easily the lives and professional reputation of the employees can even be severally damaged (para. 3). Everything from morale to motivation can be severely affected by poor ethical choices. Customers will take their business elsewhere. Employees will abandon ship. Other, competing businesses reap the benefits of the bad moral choices. Ultimately, the entire business can be brought down by one poor ethical choice.
Human rights are rights are the basic rights and freedoms that belong to every person in the world but human issue arises a lot of the time in businesses where they manufacture their goods in poorer countries and this is mainly done for cheap labour so that costs can be kept down. Primark address this issue by trading ethically, they have a team that keeps a close eye on the factories to support and provide training for management to help solve any issues and to make sure they keep to the laws. A Code of Conduct is also put into place when Primark deals with suppliers and when issues are identifies they are closely monitored and assistance is given through audits and interventions with their partners.
The world we live in today is facing a numerous amount of issues; from environmental, to economic, to social and political complexities and instabilities. The capitalist market has adopted an “aggressive” growth strategy, and businesses have as a primary goal generating the maximum amount of profit possible, leaving no room for collectivistic efforts. Along with these problems ethical responsibility is another issue businesses and individuals have to face.
Ethical business practices include assuring that the highest legal and moral standards are observed in your relationships with the people in your business community. This includes the most important person in your business, your customer. Short term profit at the cost of losing a customer is long term death for your business.
While growing up, I realized the benefits a person has when they personally own their own business. You can make your own schedule, personally control your finances, and essentially have complete control of your business Of course upon this realization; I came to the conclusion that I was going to be my own boss. I have always taken pride in how I present myself including how I dress. The limitless nature of fashion and its versatility has always intrigued me. One empowering aspect of clothing that is so fascinating is how it enables people to express themselves. Because of these interests, I have come to the conclusion that I wish to own a fashion boutique. In order to pursuit the path of becoming a fashion boutique owner, it is essential that I obtain a degree in business management, evaluate my own skills that make me ideal for the job, and
In this research paper, I will talk about ethics in business communication and in detail, about how important it is like ethical business communication takes some forms, and the second point will be Ethical issues in Business Communication followed by What shapes our view of ethics, in this point I'll mention some of the perceptions that people have helped in the formation of Ethics, the next point will be Communicating ethics in a way that informs and affects behavior, it will be points for incorporating organizational ethics, then the Ways to overcome ethical dilemma, in the last will be the conclusion It will be a final summary of ethics in business, Before all these points I will start with the introduction, and it will be the