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Unit 20: Business Ethics - Distinction achieved
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in depth and detailed essay on business ethics unit 20 assignment 1. p1, p2, m1, d1.
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Unit 20 – Business EthicsTASK 1: Understand how ethical behaviour is applied in a business context
P1: Explain the concept of business ethics and how they are embedded in industry and
professional codes of practice.
Mission Statement
The mission statement is divided into three parts; their vision which
is to set a standard against which others are measured, the mission is
to make inspirational quality accessible to all and the value which is
to attain a Quality value, service, innovation and trust.
Competitors
- BHS
- Debenhams
- House Of Fraser
- Next
Mission Statement
The mission statement is divided into three parts; their vision which
is to set a standard against which others are measured, the mission is
to make inspirational quality accessible to all and the value which is
to attain a Quality value, service, innovation and trust.
Competitors
- BHS
- Debenhams
- House Of Fraser
- Next
Brief History
Marks and Spencer plc is a British retailer headquartered in the City
of Westminster, London, with over 700 stores in the United Kingdom
and over 300 stores spread across more than 40 countries. It
specializes in the selling of clothing and luxury food products. M&S
was founded in 1884 by Michael Marks and Thomas Spencer in
Leeds.
Mission Stateme
To begin with, business ethics refers to a set of professional or applied ethics that examines
or studies ethical or moral principles as well as ethical or moral issues that arise in any
commercial setting. It’s well known, every company has ethical responsibilities, which are
their moral values, and those same companies or businesses may have a variety of ways to
ensure ethical practises in their performance, that's where policies come in. Policies are the
principles that stakeholders of the company should pursue to remain ethical and accomplish
corporate goals.
In business, integrity is defined as acting honourably irrespective of whether your activities
are publicized; committing to do what you say you will do. It's about instilling an ethical
culture throughout your entire organisation. For example, an employee telling the truth
regardless of the consequences he could face. There are many businesses in the market who
shows fairness and inclusion in a competitive business environment. For example, if we talk
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