Anglo American Case Study

Anglo American Case Study

Answer 1

Business ethics are the behaviors that any given business holds on to in its operations with either common or corporate world. In essence, the ethics may be dissimilar regarding the nature of the business activity one is engaged in. however, business ethics not only apply to how a business is engaged with the greater community but also how it relates with clients on one-on-one basis. The prose on business ethics is separated on its observations regarding the motivation and rationale for businesses activity to have a principled aspect. As Ulrich (2008) argued, there are two foremost opinions, to begin with individuals who advocate that businesses are income generating bodies and for that reason business ethics is yet an additional system to magnetize customers, secondly individuals who support shared conscience and inherent impetus for the espousal of business ethics. In essence, business ethics are typically utilized according to ethical concepts and judgments (Gavai, 2010).

Hence, from such an observation, ethical issues range from practical approach, to loosely defined aspects which may include a corporation's obligation to be responsible with its clients including such common and philosophical aspects as guarding employee's rights as well as preserving the surrounding environment. Therefore, the scope of business ethics rests within the scope of examining the diverse issues or problems that may arise from the business environment as well as the way the workers, administration including the corporation itself can respond to them ethically. Some of the business practices which can be regarded as unethical may include, fraud, insider trading, as well as bribery and discrimination. Equally, such ethical aspects as, corporate social responsibility as well as fiduciary accountability, including corporate governance are viewed as some of the proper ethical practices within any given business activity. However, a number of dissimilar ethical conflicts are said to be developing from various interests being maintained by business proprietors and their employees, customers, including surrounding neighborhood.

From such an observation, business administrators are required to balance the superlative alongside the practical—the need to generate a rational income for the businesses shareholders with frankness in trade practices. Despite the fact that, due to the universal changes, Ethical concerns in trade have turned out to be more complex as a result of the global and specialized nature of many large businesses and because of the involvedness of government restrictions and regulations that describe the confines of criminal conducts.

Answer 2

Transparency is one of the major elements that define whether business behavior is executed within the perimeters of accepted ethical practice(s). From diverse approaches, proper business behaviors have been proved to be the key factors on which any given business activity progresses to a point of being trusted by its clients, whether within the domestic market or international arena. However, one of the major business involvements can be said to be the Anglo American Platinum Unki project which has been in operation since 2003. The major benefits of this project are geared towards improving the lives ...