GU-PR08CAS-F05

Assignment Form
‫استمارة الواجب‬
Instruction to use: :‫تعليمات األستخدام‬
(1) Filling required information (accurate & clear). ‫) تعبأه البيانات الالزمة بدقة ووضوح‬1(
(2) Send & receive between course instructor and ‫ ارسال وتسلم الوثيقة بين مدرس المقرر والطالب‬2(
student. ‫) حفظ نسخ بملف المقرر‬3
(3) Keep copies in the course file.
Course and student info ‫بيانات المقرر الدراسي و الطالب‬
Semester ‫الفصل الدراسي‬ FALL Academic Year ‫السنة الدراسية‬ 2022/2024

Course Title ‫اسم المقرر‬ business ethics Code ‫رمز‬ BUSS102

Academic Program BACHELOR IN HUMAN RESOURCE MANAGEMENT

‫البرنامج الدراسي‬ BACHELOR IN ACCOUNTING

Department ‫القسم‬ ADMINSITRATIVE SCIENCES

College ADMINISTRTIVE AND FINANCIAL SCIENCES

Name of Instructor DR. Ali AHMED ATEEQ Full Time Part-time

‫اسم المدرس‬ ‫دوام كامل‬ ‫دوام جزئي‬

Phone ‫هواتف‬ 33311453 E-mail ‫البريد اإللكتروني‬ dr.ali.ateeq@gulfuniversity.edu.b

h
Assignment Title ‫عنوان الواجب‬ A Fundamental Guide to Ethical Conduct in the Corporate World
Assignment No. 1st 2nd 3rd 4th 5th
‫رقم الواجب المنزلي‬ ‫الخامس‬ ‫الرابع‬ ‫الثالث‬ ‫الثاني‬ ‫األول‬
Start Date Submission Date
‫تاريخ البدء‬ ‫تاريخ التسليم‬
Students’ Name ‫اسم الطاب‬ Students’
ID

Assignment Tasks – CILOs Mapping ‫ربط مهام الواجب و المخرجات‬

‫التعليم للمقرر‬
Assignment Tasks –CILOs Mapping ‫ربط مهام الواجب و مخرجات التعليم للمقرر‬
No. Assignment task(s) Measured CILO Maximum Students’
‫الرقم‬ ‫مهام الواجب‬ ‫مخرجات المقرر الدراسي‬ Marks Marks
‫المقاسة‬ ‫العالمة‬
‫العظمى‬

1 LO 3 K-PA 3
Apply ethical practices and program related to an
ethical dilemma, corporate social responsibility.
2 LO 5 S-A 3
Analyze ethical decision-making perspective of
managers in the organization.

3 LO 6 S-C 2
Communicate clearly in a well-structured manner

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GU-PR08CAS-F05

and convey ethical practices and dimension of

ethics in writing, orally and visually.
4 LO 7 C-A 2
Display ethical practices while dealing with
social-environmental issues.
Total 10

Instructions / Comments:
Answer the following questions

Assignment Topic ‫موضوع الواجب‬

Introduction
I. The Significance of Business Ethics
Beyond employee loyalty and morale or the depth of a management team's relationship, business
ethics are extremely important. Like any commercial endeavour, a company's capacity to operate
ethically has a direct impact on its short- and long-term financial success.
When evaluating whether a firm is worth investing in, it is crucial to consider its reputation in the
community, among other businesses, and with individual investors. Investors are less likely to
purchase stock in a firm or otherwise support its operations if they believe it to be operating
unethically.
Businesses are under increasing pressure to act morally as the market for ethical and socially
conscious investing continues to expand. More businesses are starting to take this issue more
seriously as more investors look for organisations that operate ethically.
II. Defining Business Ethics
The rules governing ethically acceptable and unacceptable behaviour in business are by definition
related to business ethics. "Legal" and "ethical" are not always synonymous, even if the law
determines behaviour in part. The definition of appropriate conduct that goes beyond
governmental regulation by business ethics strengthens the legislation.
Businesses use business ethics in order to foster honesty among their staff members and win over
important stakeholders, such consumers and investors. Though more and more widespread,
corporate ethics programmes differ in quality. A 2018 Global Business ethical Survey (GBES)
found that fewer than one in four American employees believe their organisation has an ethical

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programme that is "well-implemented."

III. The Relevance of Business Ethics
Businesses rely on a set of norms and guidelines known as business ethics to help them make
decisions on finances, contracts, business social responsibility, and other activities. A company
may find itself in legal trouble, face financial difficulties, and face moral conundrums if its ethics
are weak. On the other hand, a firm that upholds moral principles and follows the law is
guaranteed to its stakeholders, including consumers and staff. Employee retention and sales may
suffer when a brand loses consumer trust. Vendors start to wonder if it's worth doing business
with you, and government authorities start to monitor you more closely. Businesses that don't
trust you will either buy goods from other vendors or pass along their favourable discounts to
other customers. Positive earnings and sound financial planning are contingent upon adherence to
business ethics. Understanding the fundamentals of business ethics and how to develop this
crucial talent is necessary if you're interested in a career in business.
Unbeknownst to you, ethics affect business dealings on a far wider scale. Ethics are a set of
guiding principles that firms should adhere to if they wish to establish a positive reputation,
rather than regulations that they must obey. Why is it so crucial to have a reputation for playing
fair?

 The Impact of Business Ethics on Image

The firms they represent are no longer the exclusive owners of a brand. A growing number of
customers, workers, and investors believe that a brand is theirs as well. For this reason, 42% of
customers say they will cease doing business with a firm if they don't agree with its statements or
actions over a social problem. Furthermore, over sixty percent of respondents state that a
company's ethical principles and genuineness influence their purchase decisions.

 Ethic in Business Set the Standard for Worker Conduct

Employees look up to leaders who set an example. It may send a message to other staff members
that financial misbehaviour is acceptable if the CEO of a firm takes shortcuts to get a contract and
it is a well-known company secret.

 Ethics in Business Help in Negotiations

A firm that enjoys a good reputation makes other companies want to do business with it. Nobody
wants to act as a middleman for a business that might not follow through on its commitments.
Both companies may negotiate more effectively and forcefully if they are aware of the ethical

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game's rules and are certain they will obtain what is negotiated.

 The Bottom Line is Affected by Business Ethics

A company's reputation suffers and customers may choose to purchase its goods from another
source when it operates unethically. Businesses that were negatively impacted by unethical
behaviour included Monsanto, Wells Fargo, and Enron.
II. Key Principles of Business Ethics

It's critical to comprehend the moral standards that underpin desirable ethical behaviour and how
many otherwise brilliant and talented individuals—as well as the companies they represent—fail
due to a lack of these moral standards.

2.1. Honesty and Integrity : Developing a corporate awareness of business integrity is essential
if you want to see improvements in this area. To become a more integrous organisation, a
necessary first step is to come to an agreement on what constitutes integrity in business. It's
useful to start by defining what integrity isn't in order to do this. Being honest doesn't mean doing
morally because it makes you seem good or because you're being watched by others. So what
exactly is integrity? Being ethical means acting honourably, constantly upholding high moral
standards, and doing the right thing even when no one is looking. Integrity is about doing the
right thing, not about any potential gain.
So what exactly is integrity? Being ethical means acting honourably, constantly upholding high
moral standards, and doing the right thing even when no one is looking. Integrity is about doing
the right thing, not about any potential gain.
The same principles apply to integrity in business: upholding your word and acting honourably in
all circumstances, whether or not they are seen by the public. It's about creating an ethical culture
that seeps into every aspect of your company environment. It also involves accepting
responsibility for one's actions, being open about inadequacies, and owning up to mistakes.
Being morally upright goes beyond merely following rules and filling out forms. Instead, when
integrity is the driving force behind a firm, the central issue shifts from "Is this allowed?" to "Is
this right?" according to business experts EY.
Maintaining business integrity entails ensuring that your interactions with investors, customers,

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workers, suppliers, and regulators are in line with your declared goals and purpose and bridging
any gaps between your intentions and actions. And lastly, ensuring that you consistently act
honourably inside the organisation.

2.2. Transparency: People with an interest in a business, including shareholders, staff members,
the community in which the company works, and the families of employees, are known as
stakeholders. Companies should make sure that information on their finances, pricing
adjustments, hiring and firing procedures, wages and salaries, and promotions is accessible to
anybody interested in the success of the company, without disclosing trade secrets.
2.3. Fairness and Equality: Everyone ought to be treated equally and given equal opportunity.
A practise or behaviour is probably unfair if it makes you uncomfortable or prioritises business or
personal gain over equality, decency, and respect.
2.4. Social Responsibility: Corporate social responsibility, or CSR, is the term used to describe
social responsibility in business, which is the ethical behaviour and business conduct of
individuals and organisations that takes into consideration social, cultural, economic, and
environmental concerns. Aiming for social responsibility enables people, institutions, and
governments to positively influence business, society, and development.
Making prudent business decisions involves more than just balancing the books in the short term.
Astute decision-makers take into account how their current decisions may affect individuals in
the future as well as the community, consumers, and their opinions.
Industry is still driven by investment, free enterprise, business results, and other traditional
economic forces; however, companies must integrate social responsibility initiatives into
decision-making and performance improvement if they want to maintain their good reputations
and be competitive globally.
III. Real-World Applications of Business Ethics
3.1. Ethical Decision-Making: While it's always the proper thing to do, acting morally isn't
always simple. Following a high level of behaviour frequently involves making the "lesser of two
evils" choice rather than making definite right or wrong selections. You must occasionally weigh
opposing ethical ideals and beliefs in order to prioritise and make a decision.
Core character values such as accountability, fairness, compassion, respect, trustworthiness, and

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good citizenship serve as the foundation for making ethical decisions. Ethical choices lead to
ethical actions and serve as the cornerstone of moral business conduct.
Autonomy, justice, beneficence, nonmaleficence, and faithfulness are the five fundamental truths
that form the basis of ethical decision-making.

3.2. Ethical Leadership: Respect for moral principles and ideals, as well as for the worth and
rights of others, is the foundation of ethical leadership. Thus, it has something to do with ideas
like justice, charm, honesty, trust, and consideration. The sorts of values and morals that a person
or a community deems acceptable or suitable are the subject of ethics. In addition, ethics is
concerned with people's moral character and motivations. Moral growth has an impact on a
leader's decisions as well.
3.3. Environmental and Social Responsibility: A company's adoption of ethical labour
practises, environmental improvements, volunteerism, and charity are important ways that it
demonstrates its commitment to social responsibility. For instance, businesses that are
concerned about their environmental effect may try to cut back on waste and their carbon
footprint. Additionally, although there are little employee protection regulations, there is the
social obligation of ethical practises for workers, which may include paying a fair salary.
Corporations that are Socially Responsible

 From its inception, Starbucks Corp. (SBUX) has been dedicated to social responsibility,
including sustainability and community welfare. It actively promotes sustainable farming
in the areas where supplies are produced and buys Fair Trade Certified ingredients to
create goods.Social responsibility is ingrain
 Ben & Jerry's Homemade Holdings Inc. has made social responsibility an integral part of
how it does business. The firm buys Fair Trade Certified ingredients, much like
Starbucks.
 The company that makes Lego toys, the Lego Group, has pledged to lessen its carbon
footprint. In 2014, it was designated as a Climate Savers Partner by World Wildlife Fund.
 The 1-1-1 model was created by Salesforce.com Inc. (CRM). The business gives back to
the community 1% of its stock, 1% of its merchandise, and 1% of staff time.
 Target Corp. (TGT), a large retailer well-known for its social responsibility initiatives, has

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made financial contributions, including grants for education, to the areas where its shops
are located.
4. Conclusion
Most people are aware of the moral advantages of significant corporate quality after a brief
discussion of the necessity and challenges of ethics in business. We know that strong moral
principles are necessary for company to succeed, so let's get started. Generally speaking, these
outcomes are attainable if we behave morally, act dependable, and make moral decisions for our
company. They also serve as a good example for others to follow. Because ethics start at the top,
those in positions of authority should work and live moral lives in order to provide a good
example for those who work for them. In order to gain trust and deliver genuine goods and
services, it is critical for business professionals to adopt ethical behaviour.
5. Recommendation
To gain money, people disregard corporate social responsibility and company ethics, which has
major repercussions in the long run. Therefore, the firm must prioritise ethical social duty above
everything else, but especially when it comes to generating revenue. When analysing moral
agreements, it's critical to weigh the benefits and drawbacks of cooperating morally, but it's also
critical to look at long-term effects vs immediate costs.

6. References

 Understanding the Importance of Business Ethics. (2022, March 18). Edubirdie.

Retrieved October 30, 2023, from https://edubirdie.com/examples/understanding-the-
importance-of-business-ethics/
 Drucker, P. F. (1981). What is business ethics. The public interest, 63(2), 18-36.
 Bowie, N. E. (2020). Business ethics. In New Directions in Ethics (pp. 158-172). Routledge.

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Instructor Feedback to Student

1

2
3

Instructor‫المدرس‬ Dr. ALI AHMED ATEEQ Signature Date 2023-10-23

‫التوقيع‬ ‫التاريخ‬

Students’ Declaration ‫إقرار الطالب‬

I hereby declare that this is my original work and that any text I have referred to has been appropriately acknowledged and
referenced. I have read thoroughly the University’s Policy and Procedures on Plagiarism and Student Guidelines for Academic
Honesty and have understood that plagiarism is a serious offence in the University. I understand that all my assessed work
(except quizzes, midterm and final examinations) will be checked in Text-Matching Software (Turnitin), and that the University
shall take disciplinary actions, which can lead to fail in the course as per the University “Plagiarism Procedures”, should I
engage in plagiarism.

‫ لق•د ق•رأت بدق•ة سياس•ة الجامع•ة وإجراءاته•ا بش•أن اإلنتح•ال‬.‫أقر هنا أن هذا هو عملي األصلي وأن أي نص أشرت إلي•ه ق•د تم اإلق•رار ب•ه واإلش•ارة إلي•ه على النح•و المالئم‬
‫ إمتح••ان‬،‫ وأن••ا أفهم أن جمي••ع أعم••الي المقيم••ة (باس•تثناء اإلختب••ارات المفاجئ••ة‬.‫ وقد فهمت أن االنتحال هو جريمة خط••يرة في الجامع••ة‬،‫والقواعد اإلرشادية للنزاهة األكاديمية‬
‫ وأن الجامعة ستتخذ إجراءات تأديبية قد تؤدي إلى الرسوب في المقرر وفقا لـ‬،)Turnitin( ‫منتصف الفصل واإلمتحان النهائي) سيتم فحصها بإستخدام برمجية مطابقة النص‬
.‫"إجراءات اإلنتحال" في الجامعة إذا أرتكبت االنتحال‬

Name ‫االسم‬ Signature Date

‫التوقيع‬
‫التاريخ‬

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