Ethical leadership is a growing concept and many large companies are promoting business ethics as their corporate social responsibility. The behavior and the individual values of the leader provide the direction to the business. Leader’s actions in term of ethical behavior and unethical behavior gives ideas to the employee and other stakeholders that what need to follow and what values are aspired in an organization. The position of the leader with moral and ethical values is most important to provide the solutions to ethical issues in a workplace. This also evident from above discussion that ethical leadership is also crucial in developing the ethical culture within an organization.
Ethics are“Moral Standards” or a “System of morals”. Ethics that examine ethical principles and moral or ethical problems arise in a business environment are business ethics. Business ethics are applicable to all situations of business management and is relevant to the business conduct of individuals and the entire establishment. Ethics, not like the color of skin, an individual inherits from his parents. It is the moral philosophy involves basic principles of decent human conduct and the concepts of right and wrong behavior.
Introduction Marks & Spencer (M&S) is one of the leading company in UK clothing and food retail that has been founded in 1884 by Michael Marks and Thomas Spencer. The association has over 76,000 staff in a global level, and works with over 2000 suppliers (Annual Report and Financial Statement, 2010). SWOT Analysis A SWOT analysis determines the exterior environment as well as internal capabilities of a company (Harrison, 2015). This analysis aims to look at the strengths, weaknesses, opportunities and threats faced by M&S. Strengths Marks & Spencer has 1382 stores worldwide and with their wife expansion with their franchisers give them a strong competitive advantage among their competitors on the UK market (Rogers, 2012).
Kerry Group today is a world leader in food taste and nutrition serving the food and beverage industry, and a leading supplier of added value brands and customer branded foods to the Irish and UK markets. The Group has grown organically and through a series of strategic acquisitions in its relatively short history, from the establishing of the company’s first dairy and ingredients plant in Listowel, (Ireland) in the year of 1972. It has been able to achieve sustained profitable growth with current annualized sales of approximately €5.8 billion. By utilizing the core strengths, gaining synergy from combining technologies and taking a systems approach to opportunities, Kerry excels in value creation for the customers through integrated customer-focused
Nestle market share is 80% which make it the largest milk company in the world. It has developed over 8000 products which are available around the world. In Fortune Global 500 Nestle was listed no.1 as the most profitable company in the all
Introduction This report is based on the study of importance of creative and innovative process in Nestlé, a global manufacturer of food, pharmaceuticals and cosmetics. Through more than 150 years of history Nestlé has developed from a two-product company concentraiting mainly on baby nutrition to be the greatest food corporation in the world with 1,5% of the world market. The Nestlé portfolio includes 22,000 products sold across the five continents and produced in more than 84 countries. The total sales on Nestlé in 2015 reached to more $92,3 billion and the trading profit was more then $9 billion. This report would evaluate the creativity and innovation management process of Nestlé.
: horlicks- highly respected brand which is over 100 years old in India. The company also manufacturing market boost viva, maltova, biscuits and in addition promotes and distributes number of products in diverse categories. It also includes brands like: - eno, crocin, lodex. It has strong marketing and distribution network in India comprising over 1800 wholesalers and direct coverage of over 400,000 retail outlets. It manufacturing plants have received various awards for its quality and health and safety systems such as OHSAS 18001,ISO 9001:2000 and, ISO 14001:2004 by DNV and SA8000.
Nestle is one of largest food and beverages industry in the world and Nestle is also a large multinational company across the nation. Nestle Company was established in 1866, is founded by Henri Nestlé and the company is headquartered in Vevey, Switzerland. In Malaysia, Nestle was established in 1912 that has more than 100 years of history and the Nestlé’s head office is located in Mutiara Damansara, Petaling Jaya. Nestle was leading Halal food manufacturer in Malaysia and the company’s markets are over 300 Halal products in the world and Nestle Company had 7 factories and 6 sales offices, and there are 5000 employees insides Nestle Company. In 1989, Nestle was listed on the Bursa Malaysia and there are RM3.9 billion in turnover in the year 2008.
In simpler terms, business ethics fundamentally epitomizes the organization 's codes of corporate governance. It stipulates the morality standards and behavioral patterns expected of individuals and the business as a whole. These moral benchmarks can be perceived in terms of the microenvironment and macro environment of the business. MEANING OF ETHICS: The terms ‘moral’ and ‘ethical’ are often used equivalent to ‘good’ or ‘bad’ and as opposed to ‘immoral’ and ‘unethical’ Frankene, (1993). Ethics is defined by Miner (1998) as a philosophy of human conduct; reflecting prevailing values especially that moral