Describe the social implications of business ethics facing a selected business in its different areas of activity
For this task I am going to use Tesco plc.
The social implications for Tesco direct to the actions of the organisation having consequences on society and there are many areas of activity that the business does that have implications on society.
Tesco plc. has many subsidiaries one of these is Tesco bank which is a private limited company meaning it is a free enterprise, so it has the freedom to operate for profit competitively without interference from the government and as it loans money to UK residents over 18, the company could choose their own APR rates which is ...view middle of the document...
This would look bad on Tesco as MPs make laws while considering everyone that is affected by them not specific rules for an organisation to stretch its powers. This would make society think they don’t have a say in the regulations as they are not a massive market leading organisation.
Tesco could pay their executives ridiculous amounts of money exceeding their working efforts and hide this through the accounting within the organisation however this would go against fairness in society if top executives’ pay themselves what they like regardless of their efforts.
Tesco could use insider trading to earn money in a very unethical way through giving out information about their value expectation and fixing their performance to get a desired increase or decrease in the value of the shares of the company to make a lot of money, however this is very unfair and would take money from society if they purposely lost value of their shares to buy them back at a lower price so when they buy them back and increase their value they have earned a lot of money through cheating on the stock exchange. This would also make society think that they have no control over their money and it would widen the gap between the rich and poor.
Ethics in Human resource management
Tesco could discriminate an only employ certain people to work for their organisation, however there are laws and regulations that guide the recruitment and selection process so this doesn’t happen because it would have a really bad impact on society because if only people that lived in a certain area got jobs or only people that spoke or dressed in a certain way got jobs it would make society unfair and they’re wouldn’t be any diversity as everyone would strive to be the same thing so they’re would be no equality.
Tesco have worker surveillance by watching the employees on the cameras in the store because their actions at work do have an impact on the organisation and also if there is any conflict between employees the manager of the store would need to see the evidence. Tesco worker surveillance in store would only go this far, they would not need to heck their emails or their calls because that would be wrong as the employees have a right to their privacy and their own lives outside of work. If Tesco did unethically use worker surveillance it would be a violation of human rights and it would look bad on the company as society would think they are trying to own and control their employees.
Tesco sell produce many products from food to clothing and health and beauty products however they must follow ethics when producing these products because there are laws on the production especially for food and drugs. if Tesco genetically modify their food some members of society may disagree with it a bring Tesco bad publicity, the same as if they disagree with the animal testing Tesco do for their drugs before they put them...