Understanding Business Ethics

P2 Explain the implications for the demarcation and stakeholders of a business operating ethically. A stakeholder is a person, group, or organization that has direct or substantiating stake in an organization because it can affect or be affected by the organizations actions, objectives, and policies. Key stakeholders in a business organization include creditors, customers, employees, government, owners, suppliers, unions and the community from which the business draws its resources. Tesco is committed to conducting business in an ethical and socially obligated carriage. This relates to all aspects of their business, treating employees, customers, suppliers and sh areholders in a fair and honest manner and ensuring that there are constant and open channels of communication. Tesco has Codes of ethical motive for its employees, which includes a policy on the receipt of gifts and a mark procedure that covers employment issues. Tesco has a confidential telephone help line, Protector Line, for any employee who wishes to raise concerns relating to alleged criminal offences, disaster to comply with legal obligations, miscarriages of justice, health and safety, damage to the environment and concealing of any of these issues.

These are Tescos stakeholders: Customers: The employees hear customers views on everything from how Tesco are serving them in their stores to their role in the community. Customers are looking at to buy products; they are looking for a wide array of products. They also want easy accessibility to the premises and want to buy quality products at competitive prices. They are real important because they provide the money for the store to be successful. in addition an expanding amount of customers mean more profit for the business. Most customers sway fresh fruit and ve goables at high quality for bang-up value. Employees: Employees gives Tesco their feedback through the Viewpoint staff survey, Staff Question fourth dimension sessions and their Staff Forum process. May want an... If you want to get a full essay, order it on our website: Orderessay

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