ETHICS, LAW AND CHANGE MANAGEMENT

Ethics, Law and Change Management

Table of Contents

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REFERENCES21

Q.1

Ans.

Rights, Conflicts and Responsibilities

In Tesco Plc., it is understood that every significant management decision has ethical value dimensions. Corporate code of ethics holds a company together when its members lose their balance between work and personal life during stressful times. Tesco Plc enforces ethical regulations and company values and it may result in employees being united and committed. Employees that have a sense of unity and direction can work in harmony. Tesco Plc may also have a code of ethics that is a formal statement of the company's primary values and ethical rules it expects its employees to follow. A code of ethics can help establish an orderly environment in which employees can feel safe working. According to Schermerhorn et al. (2004), an individual that feels secure in a working environment can move on to being more focused on an organisation's goal (pp.8-11).

According to Weaver (2001, pp.3-15), in order to foster ethical employee behavior in an organisation, a low power distance suggests that a broad-based, cultural approach to managing ethics is needed. Specifically, managers and supervisors of Tesco Plc should take actions that develop trust, such as sharing useful information and making good on commitments. They should also encourage open discussion of employees' business concerns and demonstrate respect towards employees (Kaptein 2004, 13). This can show the Tesco Plc recognises the strengths and contributions of employees. Social factors such as the ethical climate of the Tesco and conformance to behavior of peers and superiors play an important part in mediating ethical reasoning of individuals.

Tesco Plc can provide ethics training in order for employees to learn how to identify and deal with ethical issues. Managers and their staff can be sent to seminars, workshops and video training sessions to learn about ethical issues. Specific units or positions in Tesco Plc can also be created to observe and control a company's employees as to uphold ethical standards. These units can help enforce ethical codes and ensure that a one-time announcement of a new ethical code does not get filed away and forgotten. According to Wilder (2001), “changes in technology and business processes can outpace companies' ability to consider their ethical implications or to train employees to deal with them” (p. 1). Such companies such as Lockheed Martin may share contracts with another company and need to maintain ethical conduct in the sharing of information.

Tesco PLC

Company Structure

Tesco PLC is a publicly owned company and the UK's largest retailer, and the world's third-largest grocery retailer. Originally specialising in food, Tesco entered the clothing sector in 2002, after clinching a deal with the US clothing company, The Cherokee Group, to distribute the Cherokee range of casual wear in the UK. Tesco's clothing sales increased by 19% to around £750m in the year ending December 2006. Its clothing range includes the infamous jeans retailing at just £3. Tesco is active in the discount non-grocery sector through its clothing ranges, Cherokee, Florence+Fred and ...