Business Ethics and Globalization: Exploring Unethical Behavior in Business

In this Unit, you are supposed to:

1. Understand the nature of business ethics
2. Understand the ethical consequences of business activity
3. Understand the implications of business ethics for organisations

1.1 Explain the importance of business ethics

1.2 Describe three types of ethical issues facing businesses in the UK

1.3 Describe the concept of ‘globalisation’ and its impact on business

2.1 Identify at least three stakeholders of a business / organisation and explain the conflicts of interest between the groups

2.2 Explore the possible responses of employees discovering non-ethical behaviour within a business / organisation

2.3 Evaluate legislation and regulations designed to promote ethical behaviour in business

3.1 Describe three areas within a business where unethical behaviour might occur

3.2 Discuss in detail one example of unethical business practice and evaluate the implications for the business

Grading Information for this Assignment

Understanding of the Subject

For a Merit your work or performance must demonstrate a very good grasp of the relevant.

For a Distinction your work or performance must demonstrate an excellent grasp of the relevant.

Guidance notes: please note that you need to demonstrate relevant knowledge. If it is not relevant it will not gain you any extra marks.

Grade Descriptor: 2 Application of Knowledge

For a Merit your work or performance must make use of relevant facts with very good levels of accuracy and analysis.

For a Distinction your work or performance must make use of relevant facts with excellent levels of accuracy and analysis.

Guidance notes: make sure that you underpin your answer(s) with the given scenario(s) to show that you are able to apply your knowledge of ratios to a problem.

Grade Descriptor: 7 Quality

For a Merit your work or performance must, taken as a whole, demonstrates a very good response to the demands of the brief/assignment

For a Distinction your work or performance must (taken as a whole) demonstrates an excellent response to the demand of the brief/assignment.

Guidance notes: Always use a plan to ensure your work addresses the assessment criteria in full. Your work should be of legible handwriting; do not negate the importance of paragraphs, separate

your paragraphs and/or sections with a blank line

Write a detailed report that addresses the following:

• Based on the globalisation explanation given by Crane and Matten (2010) or other academic literature, in your own words, describe the concept of globalisation and the impact this phenomenon has had on business organisations.
• Your report should also explain the significance of business ethics and explore three areas where unethical behaviour might occur and describe three types of ethical issues facing businesses (in the UK)
• Explain what a multinational corporation (MNC) is (include two examples) and identify at least three stakeholders of a MNC and explain the conflicts of interest between the business and the stakeholders you have identified.
• Use a real-life scenario or case study to describe in detail one example of unethical business practice and evaluate the implication(s) this has had on the business. The report should then explore possible response(s) of employees if they were to encounter or discover an unethical businesspractice. In the same section, the report should also evaluate a piece of legislation that addresses whistleblowing [response to this report should address criteria.