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Business Ethics and Corporate Social Responsibilities

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Respond to the following, using link below Anglo-American and Primark as examples:
1) Describe what is meant by ethical business behavior;
2) Describe how these two companies - Anglo-American and Primark - apply ethics in practice;
3) Discuss the costs and benefits to an organization when that organization behaves ethically.

http://www.thetimes100.co.uk/new-downloads-pop.php?getFile=YW5nbG9fYW1lcmljYW4vYW5nbG9fYW1lcmljYW5fMTNfZnVsbC5wZGY=

http://www.thetimes100.co.uk/new-downloads-pop.php?getFile=cHJpbWFyay9wcmltYXJrXzE1X2Z1bGwucGRm

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Solution Summary

Ethical practices of Anglo-American and Primark are explained in a structured manner in this response. The answer includes references used.

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1) Describe what is meant by ethical business behavior;

Ethical business behavior means distinguishing between right and wrong and choosing the right way in doing business. When ethical principles are applied to problems that arise in a business environment, behavior that is moral is ethical business behavior. Ethical business behavior is carried out by individuals and by organizations. Behavior affected by ethics and morality often lies beyond governmental control. It is governed by principles of business conduct.

2) Describe how these two companies - Anglo-American and Primark - apply ethics in practice;

Ethical practices are applied by Anglo-American company ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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