Business Ethics

Aim

The aim of this unit is to introduce learners to the concept of business ethics and to examine its relevance when considering business objectives and responsibilities.

Learning outcomes and assessment

LO1 Understand different ethical perspectives in business

1.1 explain the background and development of theoretical ethical approaches

1.2 compare and contrast absolute and relative ethics

1.3 explain the ethical issues which can affect the operational activities of a business

LO2 Understand business objectives from an ethical perspective

2.1 explain how business objectives are affected by ethical considerations

2.2 evaluate the implications for a business and its stakeholders to operate ethically

LO3 Understand ethics in workplace relationships

3.1 assess the role of the company acting as moral agent

3.2 analyse the development of mechanisms for achieving employee involvement and empowerment

LO4 Be able to assess a current ethical issue in a business

4.1 research a current ethical issue affecting a selected business

4.2 report on how the business could improve the ethics of their operations whilst meeting objectives and ensuring good employer/employee relationships

4.3 design a suitable ethical code.