Ethical Issues In Samsung

Business ethics is the ability to make a correct decision on the dos and the don’ts on the respect of the business point of view. Business ethics is also known as the moral principle of business. Origination of the word ethics is “ethos” which is a Greek word whose meaning is “character”. The higher officials of a company must have personal ethics to run the run the company with high moral values. An ethical business is always abided by the laws, it always follows the rules and the regulation prescribed. An ethical business is a strong believer of “fair salary for fair works”, it treats their employees well, operates the business fairly and honestly, the business is always honest to the dealers of the organization, it makes a fair and honest

Ethical practices allow the faster achievements of the company goal and help to find new strategies to face the risk to the company and find the tactics to gain more and more stability and high success.

• Discuss two key ethical issues that appear to have been violated according to the article that you have read.

Samsung uses tin for the mobile phones, tablets and PCs which sourced from Bangka Island. This island is Indonesia's controversial island which was reported that, in this island unregulated tin was mined by the child labor and it was estimated that 150 miners get killed every year. Child labor is a great offence, by doing this Samsung has violated a law. This is one of the unethical practices done by Samsung.

At least 2g of tin mined in Bangka-Belitung islands are used in all the mobile companies. Samsung also uses tin mined in this area. Though Samsung has taken measures to refine the mining techniques done in Bangka-Belitung islands, yet they are not fully transparent in their supply chain. This is the second unethical practice done by Samsung not to be transparent in the supply chain.

2. Based on the article, investigate and analyse Samsung’s most likely perspective on business ethics with regard to:

• Who is responsible for ethical conduct in

Managers are the key actor in business ethics. Managers hold the most important position in an organization; they are the maker and savior of the ethical aspects of the organization. The managers complete their responsibilities by making the employees understand the code of ethics. Managers take care of the work delivered by the employees and their behavior, keeping in mind the organization’s ethics. If ethics is violated they have to respond to it quickly and clarify the mistake immediately. Managers are also required to counsel the employees and assets them the organization’s guidelines.

Most importantly, for assisting and directing the employees under them, managers are required to practice and safeguard the ethical aspects of the company themselves. They are the role model in all the training programs related to the code of ethics held in the organizations for the lower employees.

Managers are responsible to interact with the external affairs of the company such as the stakeholders, suppliers, customers and the government officials. They are solely responsible for maintaining the code of ethics of the organization externally. For external public hearing the managers are responsible for representing itself on behalf of the organization to deliver the code of ethics. After getting fully satisfied, the dealers would take interest in dealing with the organization; this would help in earning profit and good will of the company.