Importance of Business Ethics-Free-Samples for Students-Myassignment

Question: Discuss about the Business Ethics. Answer: Business Profile As a manager of Dear Delicious a small private cafe located in Sydney, Australia, there is a need to ensure that the business is attaining the goals set. Every business operates with a motive to attain sustainability and being successful. Dear Delicious is having a small employee base of 10 employees and these employees are performing the roles assigned to them in an effective manner. For gaining the desired outcomes, Dear Delicious is complying with the ethical aspects, ensuring employee satisfaction and fulfillment of social responsibility for attaining success. Business ethic Business ethics play a vital role as business faces dilemma due to work related aspects. Ethical aspects create an impact on the success of the business. Ethics act as a viable business strategy which enhances the decision-making process of the business. The term ethics can be explained as the set of morals, principles, values, and standards which are adopted by the individual for bifurcating between the right and wrong. Dear Delicious has adopted an ethical code of conduct for the purpose of ensuring that its operations are not creating harm to the society (?iegis, et. al., 2008). Ethical standards adopted by Dear Delicious have guided towards taking decisions which are ethically right. Dear Delicious has adopted ethical behavior for conducting the operations of the business in an ethical manner. Long-term growth of the business is dependent on the ethical behavior adopted by Dear Delicious. Dear Delicious is hiring employees in an ethical manner and proper training is provided to t he employees for performing the roles and responsibilities by complying with the ethical code of conduct (Mishra, et. al., 2011). Employee satisfaction Employee satisfaction is an important factor which helps in determining the chances of success and growth of the business. An organization must ensure that the employees of the organization are satisfied as their satisfaction level determines the satisfaction level the customers. Quality of the roles and responsibilities performed gets affected due to the satisfaction among the employees. Employee satisfaction can be explained as the level of satisfaction an employee is deriving from its job. Dear Delicious is focusing on satisfying the needs and expectations of the employees (Eccles, et. al., 2012). These efforts have resulted in providing quality services to the customers of Dear Delicious. For retaining employees it is vital to satisfy the employees. This not only reduces the cost of recruiting employees and reduces efforts involved in providing training to new employees. Dear Delicious is focusing on monitoring the performance of the employees as well as conducting one-on-one ses sions for analyzing the issues faced by them. A Higher level of employee satisfaction results in attainment of the best outputs and provides better opportunities for business (Hossain, 2015). Social responsibility The term social responsibility can be explained as the responsibility of the business towards the society for providing benefits to the society. Society provides different resources to the business on which execution of the operations of the business is dependent. Business must fulfill their responsibility towards the society and environment. Dear Delicious understands its responsibility towards the society and environment and is focusing on fulfilling this responsibility (Mujtaba Cavico, 2013). Dear Delicious is keeping a check on the wastage of the caf and reducing the wastage of the resources. It is promoting the use of healthy products as well making the people aware of the manner for reducing access utilization of the resources. Business must target the issues faced by the society and address these issues for enhancing the quality of the environment for the society. Fulfilling these responsibilities towards the society will help Dear Delicious in attaining the objectives of the business and enhances the chances of growth of the business (Smith, 2011). References ?iegis, R., Gavenauskas, A., Petkevi?i?te, N. treimikiene, D. (2008). Ethical values and sustainable development: Lithuanian experience in the context of globalization. Ukio Technologinis ir Ekonominis Vystymas, 14:1, 29-37. Eccles, R. G., Perkins, K. M. Serafeim, G. (2012). How to Become a sustainable company. MIT Sloan Management Review, 53, 4. Hossain, M. (2015). Dimensions of Satisfaction Factors: Road to Successful Sustainable Organization. Journal of Business and Management, 17, 8, 94-106. Mishra, P., Dangayach, G.S. Mittal, M.L. (2011). An Ethical approach towards sustainable project Success. Procedia - Social and Behavioral Sciences 25, 338 344. Mujtaba, B. G. Cavico, F. J. (2013). Corporate Social Responsibility and Sustainability Model for Global Firms. Journal of Leadership, Accountability and Ethics. 10(1). Smith, R. E. (2011). Defining Corporate Social Responsibility: A Systems Approach For Socially Responsible Capitalism. Master of Philosophy Theses, 9.