Business Ethics : British American Tobacco

Corporate governance is the rules in which companies are controlled. This governance essentially balances the

Many firms are learning that being environmentally friendly and sustainable has numerous benefits. (O.C Ferrell, Fraedrich, Ferrell, 2015). This could enable them to increase goodwill from various stakeholders and also save money in the long term. This will mean that they are being more efficient and less wasteful of resources, which will enable them to be more competitive by satisfying stakeholders. The CEO of

or so many years our society has been thinking of forming new creative and innovative businesses, which would be more environmental and customer friendly. Nowadays a large number of different companies follow the social, ethical, as well as moral consequences when it comes to their decision making. One of the relatively new concepts involving economic and social concerns is Corporate Social Responsibility. Many of us apply this approach not only at work, but also in everyday life without even recognizing.

It is the responsibilities and practices exercised by the board of directors and senior management of an organization. It aims to achieve:

According to Omidyar & Branson (2016), business ethics are called as corporate ethics which is a set of rules that define the right and wrong behaviour. From the research, ethics are a form of applied ethic that can be used to evaluate whether the conduct of the people are considered acceptable and appropriate. Besides, business ethics are the collective values of a business organization that can be used to evaluate whether the behaviour of the collective members of the organization are considered acceptable and appropriate. In the most basic term, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right.

In the business world companies will run into times that they have to make decision based on ethics. This outcome may not be illegal, but unethical, which is just as important when running a business. Business Ethics is the concept of distinguishing between right and wrong and then making the right choice. The right choice may not always be the easiest or best alternative for the organization financially, but it is the greatest option for the company and its shareholders overall. The idea of business ethics is important to create trust between consumers, the community, and others involved with a given organization.

Ethics are principles of behaviour that distinguish between right and wrong. Resnik (2011) defines ethics as” a method, procedure, or perspective for deciding how to act and for analysing complex problems and issues” (p.1). People face ethical decisions; however, People working in business frequently face ethical decisions. Business ethics is the evaluation of business activities and behaviour as right or wrong (Society for Business Ethics, 1991).

Corporate Social Responsibility are actions taken by a corporation that have positive and lasting impact for all stakeholders associated with the organization, seeking to strike a balance between profits and helping to establish lasting investment in the community (Carrol, 2015). In the 1980’s, then President Reagan challenged the business community to take on more responsibility to address social problems (Carrol, 2015). Socially responsible actions can benefit local communities as well as the greater societal good.

Corporate social responsibility is a term that conveys a corporation’s social responsibility to society. In the old days corporations felt that once they had gained support from the public they had a responsibility to give back to the community. This idea of giving back meant serving as volunteers and providing financial contributions in aim of correcting the problems of the community. Corporations have a wide range of opportunity and reach within most societies so it is important and can ultimately be a great aid for a corporation to help in correcting the problems of society by contributing and giving back along with other individuals. I also believe that corporate social responsibility means ensuring that there are not problems arising that make it hard for consumers to continue to support a corporation. The continuation of a corporation is dependent upon consumers and I believe it is the

Business ethics is a vital element to the growth and success of any business. To be ethical means to have a system of moral principles. Ethics alone is a branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. To have business ethics you would take the meaning of ethics and apply it to the things that go on it the work place. We are going to take

Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.

Yvon Chouinard and Vincent stated, “Sustainability is a term that calls us not to take more from nature than we can give back.” Many Companies have failed to grasp this concept. It is startling to realize how much has been taken from nature and how little has been given back. A responsible company makes magnificent products, treats their workers well, improves the community, and protects nature. Humans need to realize that they are part of nature. They r in the process of destroying themselves when they act irresponsibly.

This report examines the economic, social and environmental issues and responsibilities related to Tobacco and its industry. It lies out the general discussion on how tobacco is introduced to the market, where and how the tobacco plants are cultivated, and what kinds of other issues may arise while growing the plants. Moreover, it continues on the analysis of a significant issue while growing plants, such as poor labour practice; working conditions in the work place, or fair number of hours for the farm workers. It helps develop the understanding on how to deal with this significant issue, and how to add value through corporate social responsibility. In conclusion, there are some

Corporate social responsibility brings a new perspective to the societal role of enterprise, while recognizing the relationship between profitability, ethical and environmental standards of the company. The position of companies in society is a subject of constant change. People today do not perceive the company only as producers or suppliers of the products that reach only for maximizing profits, but they assume that the company will meet the requirements of the other areas as well, such as the legal environment and that it will support development of other activities beneficial for the society.

This development in interest in sustainability in business practices and its growing awareness creates a both side happy for business and humanity. (Hopwood, Mellor, & O 'Brien, 2005). Traditionally, most businesses had strong focus on factors that are directly effecting their economic performance. This was often examined by their overheads such as material costs, amount of sale and profit margin, which most Businesses did not consider the long term impacts. In fact, it is some sense true for short term aspect, however in contemporary society, companies play a vital role and should approach as it is also their responsibility to contribute to society and the environment also referred to as a planet, people and profit the triple bottom line. (Elkington 1997) and at the end every single investment business contributed will return in value to the business. (Kuehn, K. 2014). The Economic impact is not solely internally about local wage, jobs opportunities, investment in the economy but also looks at externally at suppliers to ensure they are involved in company’s similar practices and value. This will eventually lead to a healthier future for business while boosting its economy and local economy likewise economic component is the driver behind a company’s activity aimed at supporting business sustainability. (Svensson, Göran; Wagner,