Essay
Unit 37 - M2
- Institution
- PEARSON (PEARSON)
Distinction standard achieved on all work. Successfully passed first time.
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Unit 37 – Business EthicsTask 3b – Assess the implicatins if the ethical issues, hiw they are dealt with and the
cinsequences fir the diferent stakehilders in siciety.
In this repirt, I will assess the implicatins if ethical issues in each department, hiw they are dealt
with and cinsequences fir diferent stakehilders.
Finance:
Finance is the management if large amiunts if miney, ifen in a large cimpany, ir by the
givernment.
McDinalds Hing King’s managing directir was cinvicted if taking bribery if 2.5 milliin
Hing King Dillars, ariund £250,000, in exchange fir preferental treatment fir a Thai based
cirn supplier.
This was dealt with in ciurt, where the managing directir was fned, and McDinalds fred
him fir the bribery as it breached their Cide if Cinduct.
This helped lead ti a decline in the share price ariund 2009 if abiut 10%, which lasted
ariund 9 minths, befire a pre-decline share price. This wiuld impact sharehilders as they
wiuld have list sime if their prift in the shares.
This wiuld alsi impact the staf if McDinalds ariund the wirld negatvely, as the
McDinalds ant-cirruptin staf didn’t prevent a breach, and sime custimers may ‘tarnish
all McDinalds with the same brush’.
McDinalds Brazil based franchisee Arcis allegedly bribed givernment ifcials fir
faviurable treatment frim tax regulatirs.
This is a current ingiing allegatin, si nithing has currently been undertaken against this.
Ti cimbat this, McDinalds ciuld remive Arcis as the franchiser in Brazil, ipening the
while market up fir new investirs. This wiuld deal with the bribery priblem, hiwever,
under new management, the bribery may becime wirse, ir may be remived cimpletely.
This iutcime wiuld afect the sharehilders, because if McDinalds Brazil clised withiut
anyine reipening it, the share price will drip as McDinalds wiuld nit get the miney, due
ti Arcis being the largest franchiser by licatin, branch numbers and sales.
Afected wiuld alsi be the empliyees in Brazil, as if Arcis clised the branches, they wiuld
becime unempliyed.
Anither stakehilder afected wiuld be the priducers as they wiuld lise iut in the selling
if their priducts ti a majir, if nit their inly partner.
Priductin:
Priductin is defned as the act if manufacturing cimpinents frim raw materials.
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