Presentation
Unit 37 Understanding Business Ethics P2
- Institution
- PEARSON (PEARSON)
P2 explain the implications for the business and stakeholders of a business operating ethically
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Seller
Follow
Content preview
UNIT 37:UNDERSTANDING
BUSINESS ETHICS
, P2: explain the implications for
the business and stakeholders o
a business operating ethically
,INTRODUCTION
This assignment focuses on stakeholders and
how the different stakeholders within Body Shop
can be treated ethically by the organizations.
,Who are Stakeholders?
• These are people who have an interest in the company or organization’s aff
• Thereare many different types of stakeholders that can be found in differe
organizations. These include:
1. Customers
2. Suppliers
3. Financiers
4. Employees/Managers
5. Government
6. Pressure Groups
7. Local Community
8. Owners/Shareholders
,Shareholders
• Every business with in the UK has shares and these shares can be own
any individual or institution.
• Theseshares are like investments for pension funds or mortgage
endowments.
• If
the business is performing well, then the value of these shares will a
well and show that by increasing.
Body Shop can treat shareholders ethically by:
1. Ensuring that all shareholders are treated equally
despite if one organization/individual has more power than
the others.
2. Ensure that everyone is heard when decisions are being
made by the organization.
, Employees
• These are individuals who provide services for an
organization in the form of labour.
• They help in the daily running's of the business by
performing various tasks and responsibilities that help the
business to grow.
Body Shop can treat their employees ethically by:
1. Ensuring that all employees are paid equally (despite age or gender).
2. Ensuring that employees have working conditions that are comfortable, saf
and secure.
3. Ensuring that employees are not overworked. However, if they do work
overtime, receive an appropriate extra pay.
4. Ensure that all employees have a contract that suits them and their
everyday life.
5. Giving employees benefits and incentives to keep them motivated.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Sheyy01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67474 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now