Disadvantages of implementing more ethical approach

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Reference no: EM132208569

You are keen to discuss with your colleagues the advantages and disadvantages of implementing a more ethical approach to running Cocoa Products Ltd. You decide to prepare a report about the issues and to discuss the pros and cons in an online forum. You may choose to argue for the company to take a more ethical approach or to argue against it.

You need to report on the following points (i, ii and iii) with respect to each of the three areas of concern (1, 2 and 3) where ethics can have a significant impact on business decisions:

(i) the ethical objectives of the company and how they affect other business objectives, AND

(ii) the options and mechanisms for taking a more ethical course of action, AND

(iii) the impact on the stakeholders and the business from taking that course of action;

as applied to:

1. The environment

2. Trading fairly

3. Workplace relationships – include an assessment of the contractual and moral obligations owed by the employer to an employee and analyse how mechanisms can be developed to increase employee participation in decision making.

Reference no: EM132208569

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