Complete this activity individually
You have been hired as a business consultant by an organisation seeking to develop their ethical standing with a variety of stakeholders. The organisation is a new business and they require you to initially provide them with a basic understanding of Business Ethics and Corporate Social Responsibility (CSR).
The Inner Sanctuary Health Retreat in a new start-up business in Qatar. The business will serve domestic and international market segments in providing a health and wellness experience near Lusail. The company will provide accommodation, as well as various activities and treatments. Its target customers demand sustainable, organic and ethically sourced products, as well as an environmentally friendly and sustainable venue. The business needs to model itself as a totally ethical and socially responsible business throughout its operations, as this will be one of its key business values that it wants to promote to its various stakeholders.
Your client has asked you to answer the following questions.
- Identify the organisation’s various stakeholders.
- In your own words, define the term ‘Business Ethics’.
- Provide supporting evidence and an example.
- In your own words, define the term ‘Corporate Social Responsibility (CSR)’.
- Provide supporting evidence and an example.
- In your own words, define the term ‘Corporate Governance’.
- Provide supporting evidence.
- Identify the key areas of ethics that could be addressed by the organisation. (e.g., Health & Wellbeing / The Green Environment / Social Good / Sustainability).
- Undertake further research to identify an appropriate Business Ethics (BE) Model that could you used by the organisation.
- Describe the BE Model with a diagram if appropriate.
- Provide supporting evidence and an example.
Identify 5 key benefits for a business to be ethical and undertake CSR
