1. INTRODUCTION Business ethics is defined as a “specialized study of moral right and wrong that concentrates on moral standards as they apply to business institutions, organisation and Behaviour.” (Velasquez, 2014, pg.15) According to Kenneth (2015) he stated that in a business environment, the essential element in business ethic is to conduct business with integrity, honesty and all business must committed to treat all the employees and customers fairly. In contrast, an unethical business can be referred to as an act of unlawful action and morally vice activity within the business setting (Babalola ,2009). Hence, unethical business can be referred to behaviour or action or decisions that result to harmful and negative consequences towards
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FINDINGS
To illustrate the unethical business activity real case example is further explained below:
3.1. Cases Study: Impacts on the Environments
i. Water pollution at Citarum River located at West Java, Indonesia. As Reported by the EcoWatch (2015) points out a statement on fashion industry stated that “the Fast Fashion Is the Second Dirtiest Industry in the World, Next to BigOil”. In garment industry, the process goes through different chain of supply from producing the garment material to end process that is retailing stage. However, the major ethical issue arise is the external cost arises in the garment industry whereby in the production to produce textile, the material will produce toxic chemical and the waste discharge from the material pose threats to the environment. According to their statement it was reported that of about 5 million are living near to the river basin and what worse is that the textile factory has no proper implementation of waste disposal infrastructure. This as a result, the dye chemical from the textile industry contaminated the Citarum River Basin. (EcoWatch, 2015)
Cost and Benefits of Acting Unethically
(What might be some benefits and costs of acting unethically in business? Distinguished between benefits and harms to the individual and benefits and harms to the …show more content…
S. (2009). Determinants of Unethical Business Behaviour among Owner– Managers. Journal of Human Values, 15(1), 61-75. Retrieved on August 2016, 31 from http://jhv.sagepub.com.ezproxy.ubd.edu.bn/content/15/1/61.full.pdf+html
Joshi, M., & McKendall, M. (2016). Responses to the Discovery of Unethical Acts An Organizational Identity and Reputation Perspective. Business & Society, 0007650315623953.Retrieved on August 2016, 31 from http://bas.sagepub.com.ezproxy.ubd.edu.bn/content/early/2016/01/16/0007650315629 53.full.pdf+html
Kenneth(2015), List of Ethical Issues in Business.Retrieved on August 30,2016 from http://smallbusiness.chron.com/list-ethical-issues-business-55223.html
Trong Tuan, L. (2012). Corporate social responsibility, ethics, and corporate governance. Social Responsibility Journal, 8(4), 547-560. Retrieved on August 2016,31 from http://www.emeraldinsight.com.ezproxy.ubd.edu.bn/doi/pdfplus/10.1108/1747111121 1272110
Schouten, E. M. (2007). Defining the corporate social responsibility of business from international law. Managerial Law, 49(1/2), 16-36.
Jackson, J. (2014) Assessing the Environmental Impact of the Fashion World.Retrieved on August 31,2016 from http://www.environmentalleader.com/2014/10/06/assessing-the- environmental-
FINDINGS
To illustrate the unethical business activity real case example is further explained below:
3.1. Cases Study: Impacts on the Environments
i. Water pollution at Citarum River located at West Java, Indonesia. As Reported by the EcoWatch (2015) points out a statement on fashion industry stated that “the Fast Fashion Is the Second Dirtiest Industry in the World, Next to BigOil”. In garment industry, the process goes through different chain of supply from producing the garment material to end process that is retailing stage. However, the major ethical issue arise is the external cost arises in the garment industry whereby in the production to produce textile, the material will produce toxic chemical and the waste discharge from the material pose threats to the environment. According to their statement it was reported that of about 5 million are living near to the river basin and what worse is that the textile factory has no proper implementation of waste disposal infrastructure. This as a result, the dye chemical from the textile industry contaminated the Citarum River Basin. (EcoWatch, 2015)
Cost and Benefits of Acting Unethically
(What might be some benefits and costs of acting unethically in business? Distinguished between benefits and harms to the individual and benefits and harms to the …show more content…
S. (2009). Determinants of Unethical Business Behaviour among Owner– Managers. Journal of Human Values, 15(1), 61-75. Retrieved on August 2016, 31 from http://jhv.sagepub.com.ezproxy.ubd.edu.bn/content/15/1/61.full.pdf+html
Joshi, M., & McKendall, M. (2016). Responses to the Discovery of Unethical Acts An Organizational Identity and Reputation Perspective. Business & Society, 0007650315623953.Retrieved on August 2016, 31 from http://bas.sagepub.com.ezproxy.ubd.edu.bn/content/early/2016/01/16/0007650315629 53.full.pdf+html
Kenneth(2015), List of Ethical Issues in Business.Retrieved on August 30,2016 from http://smallbusiness.chron.com/list-ethical-issues-business-55223.html
Trong Tuan, L. (2012). Corporate social responsibility, ethics, and corporate governance. Social Responsibility Journal, 8(4), 547-560. Retrieved on August 2016,31 from http://www.emeraldinsight.com.ezproxy.ubd.edu.bn/doi/pdfplus/10.1108/1747111121 1272110
Schouten, E. M. (2007). Defining the corporate social responsibility of business from international law. Managerial Law, 49(1/2), 16-36.
Jackson, J. (2014) Assessing the Environmental Impact of the Fashion World.Retrieved on August 31,2016 from http://www.environmentalleader.com/2014/10/06/assessing-the- environmental-