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Theories Of Ethics In Woolworths And Cadbury

1196 Words5 Pages

Ethics are the moral values that are mostly set by society and businesses to represent a certain standard for correct behaviour. A business’s code of ethics or code of conduct reflects and describes the appropriate behaviour that is expected from employees in that organisation. Professionalism is how organisation managers and employees represent and conduct themselves when dealing with the stakeholders of the business. 1. Theories of Ethics: There are different kinds of ethics theories namely:  Ethics theories that guide conduct  Utilitarian theory: the theory is also known as the consequence based theory and it focuses mainly on the consequences of an action. The theory states that if an action benefits the majority of the people then it is seen as right and ethical, but if it results in pleasure for the …show more content…

They are even paying extra because they are bringing their social responsibility into it by being involved in the welfare of community of the cocoa farmers and wanting to contribute more. • Comment on the two contrasting opinions  In terms of good business practice, Woolworths and Cadbury had good business practice.  Good business practice is the standards of professionalism, ethics, accountability and effective business practice that should be conducted. Therefore Woolworths and Cadbury had very good standards of professionalism because they conducted well with their consumer base; they were very ethical in their business practice by deciding to operate in ways that will benefit both their business and their stakeholders.  Both companies also had good effective business practice because their operational decisions had affected the economy in a good way in the long run. • Opinion on the topic  My opinion is that these two businesses namely Woolworths and Cadbury are doing very well buy using their ethical behaviour to support the

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