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Assignment no 1
Semester Spring, 2014
BUSINESS ETHICS (MGT 610)
Topic: Business Ethics and Issues
Marks: 10
Opening Date: 21-05-2014
Closing Date: 27-05-2014
LEARNING OBJECTIVES:
• To enable the student understanding various issues in business ethics.
LEARNING OUTCOMES:
• To enable the students understanding the importance of ethical practices in an
organization.
Abstract:
Business ethics has become a hot topic of today. Many organizations are following ethical
practices in different ways and many are trying to implement those ethical practices into their
businesses. Need to Incorporate ethical practices in business strategy has revolutionized future of
the organizations in terms of decision making, strategy development, focus, structure and all
internal as well as external issues. Analysts fear that the future would not exist without ethics and
consider it as essential element that would lead to major organizational change.
Considering the incorporation of ethics in business practices, a challenging issue, it is
observed that during the process of implementation, organizations have to face a lot of issues &
challenges. Addressing those issues can not only help organizations cope with core concerns but
also will pave the way for making business ethics a permanent part of business strategy.
Akbari Chemical Industries is a renowned name in Pakistan's Chemical market and since
its inception in 1979; ACI has been offering only quality products manufactured under the keen
supervision of its highly trained Engineering, logistics, and Quality control teams at its state-ofthe
art Chemical facility.
CEO of Akbari Chemical is concerned with the accurate and timely implementation of
ethical practices in business strategy. On the other hand he knows that organization may face
different issues during this process.
Requirements:
You need to provide the reasons, due to which Akbari Chemicals is interested in implementing
ethical practices. What kind of issues Akbari Chemicals has to face in process of implementing
ethical practices? Elaborate your answer taking into account all the three types of issues. (10
Marks)
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Koi to idea share kr day

Nobody has started to do this ASSIDNMENT ??

Please Discuss here about this assignment.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....

second part of the question :

I have seen three types of ethical issues in 2nd lecture like

  1. systematic issues
  2. corporate issues
  3. indiviual issues

What we can write in terms of Akbari chemicals industires.

Employee Behavior

From large corporations to small businesses, individuals involved in all types of business often face ethical issues stemming from employee behavior. For example, whether an employee can spend work time checking personal email accounts, how a manager deals with claims of harassment and to what extent a manager can "groom" a certain employee for a promotion are all examples of ethical issues regarding employee behavior. There are legal consequences for some unethical employee behavior. For example, if a supervisor discriminated against an employee based on her gender, religion or ethnicity when making recommendations for a promotion, legal action could be sought. Small business owners can help to prevent ethical problems stemming from employee behavior by drafting a clear, attorney-reviewed set of standards that dictate behavior policies for employees at all levels.

Employee Working Conditions

In addition to employee behavior, there are a number of ethical issues business people must consider about employee working conditions. For example, employers must be aware of the safety of their work environment and if they have compensated employees for all the time they have worked. The must also consider if they have required an employee to work an unreasonably long period of time or if they have him doing an unusually difficult task. Just like there are legal consequences for some unethical issues regarding employee behavior, there are also legal consequences for unethical working conditions. For example, an employer who requires an employee to work without pay or who creates an unsafe working environment can face legal action

Supplier/Customer Relations

In addition employees and business owners must consider the ethical issues involved with their relationships between suppliers and customers. Business owners in particular must consider whether it is ethical to do business with suppliers who have unethical practices. When dealing with customers or clients, business people must ensure that they use their information correctly, do not falsely advertise a product or service, and do not intentionally do sub-standard work.

Small Business Ethics

Although there are ethical issues like discrimination that apply to all areas of business, each business area has its own ethical concerns. For example, business people who act as consultants must ensure they are giving sound advice. In the area of small business, some major ethical issues result from hiring, firing and dealing with employees. For example, conflicts of interest may cause ethical issues in small businesses, especially if they are family run. When personal family issues interfere with business decisions, this is a conflict of interest and an ethical concern.

Topic: Business Ethics and Issues

Marks: 10

Opening Date: 21-05-2014

Closing Date: 27-05-2014

LEARNING OBJECTIVES:

 To enable the student understanding various issues in business ethics.

LEARNING OUTCOMES:

 To enable the students understanding the importance of ethical practices in an

organization.

Abstract:

Business ethics has become a hot topic of today. Many organizations are following ethical

practices in different ways and many are trying to implement those ethical practices into their

businesses. Need to Incorporate ethical practices in business strategy has revolutionized future of

the organizations in terms of decision making, strategy development, focus, structure and all

internal as well as external issues. Analysts fear that the future would not exist without ethics and

consider it as essential element that would lead to major organizational change.

Considering the incorporation of ethics in business practices, a challenging issue, it is

observed that during the process of implementation, organizations have to face a lot of issues &

challenges. Addressing those issues can not only help organizations cope with core concerns but

also will pave the way for making business ethics a permanent part of business strategy

Akbari Chemical Industries is a renowned name in Pakistan's Chemical market and since

its inception in 1979; ACI has been offering only quality products manufactured under the keen

supervision of its highly trained Engineering, logistics, and Quality control teams at its state-ofthe

art Chemical facility.

CEO of Akbari Chemical is concerned with the accurate and timely implementation of

ethical practices in business strategy. On the other hand he knows that organization may face

different issues during this process.

Requirements:

You need to provide the reasons, due to which Akbari Chemicals is interested in implementing

ethical practices. What kind of issues Akbari Chemicals has to face in process of implementing

ethical practices? Elaborate your answer taking into account all the three types of issues. (10

Marks)

Business Ethics is a specialized study of moral right and wrong that focuses on business institutions , organizations and activities.Business ethics is a study of moral standards and how these apply to the social systems and organizations through which modern societies produce and distribute goods and services , and to the activities of the people who work within these organizations.

Business Ethics investigates 3 kinds of issues :

  • systemic
  • corporate
  • individual

The question asks us to elaborate these three kinds.

sir in k elawa b koi aur issues ho sktay hain kyaa ???

First part of the question : reasons, due to which Akbari Chemicals is interested in implementing ethical practices.

I think the reasons are :

  • without implementing ethical practices the firm will not be able to carry on its operations successfully.
  • It will not enjoy good reputation .
  • to meet the  legal ,social and moral standards  

you are right m.tariq malik 

rosali ap k kon kon sy subjects hain.

kuch discuss kar li karain.

mery campus main to mery subjects fellow nahe hain.

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