Employees. Ethical Audit Report Case Study: Tesco - Essay Example

Comments (1) Cite this document
Summary
Tesco Plc was established by Jack Cohen in the year 1919. It deals in products such as groceries, financial services, consumers’ goods and telecommunications. The company has over 492,000 employees and over 3,729 stores globally (Tesco Plc, 2011) …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.7% of users find it useful
Employees. Ethical Audit Report Case Study: Tesco
Read TextPreview

Extract of sample "Employees. Ethical Audit Report Case Study: Tesco"

Download file to see previous pages Being one of the leading retail chains in the global market, Tesco requires maintaining a sustainable position not only to gain competitive advantage but also to attain the corporate image of an ethically sound company.
This report is based on the ethical approach applied by Tesco and further intends to analyse the adopted strategies with the use of appropriate theories such as the theory of Utilitarianism, Kantian Ethics, and Virtue Ethics. For instance, the theory of Utilitarianism gives premium emphasis on the overall benefit of the organisation rather than the welfare of individual employees or customers or any stakeholder groups (Snoeyenbos & Humber, 2002). Similarly, the Kantian theory of business ethics consider treating the stakeholders as human beings with the necessity of contentedness rather than treating them as means to achieve organisational success (Bowie, 1999), while the Virtue ethics considers the fact that business enterprises are undividable from society and thus have to grow along with the growth of the society at large (Audi, 2011). Notably, these theories present their views from three distinct perspectives towards the managerial dilemma of business ethics for which these theories have been considered in this report. 2.0. Main Ethical Issues It is worth mentioning that business ethics is amongst the most significant and complex managerial concerns of a business in the 21st century context. Where a few theories suggest the sustainability strategies to be more inclined towards the overall benefit of the organisation such as in the case of Utilitarianism theory, other theories suggest taking into account the interests of the society (i.e. in the case of Virtue ethics) and stakeholders’ interests as individuals and social groups (i.e. in the case of Kantian theory) (Audi, 2011; Snoeyenbos & Humber, 2002; Bowie, 1999). Therefore, focusing on these distinct variables, it is quite likely that the organisations will have to face certain issues with concern to their business ethics which can also be observed in the operational strategies adopted by Tesco in recent times. A few of the noteworthy issues faced by Tesco, was the exploitation of child labour laws in developing countries, employment laws in Bangladesh, anti-discrimination laws in UK (Thompson, 2009; BBC, 2007; BBC, 2006; Guardian News and Media Limited, 2006). The company was also accused to breach competition laws in the year 2007 (Finch, 2005). The issues faced by Tesco and an apparent description of the concerned parties as well as reasons so as to justify why these have been termed as major issues have been presented in the table below. Ranking of Issues: Rank Issue Stakeholder Why? 1 Child labour Suppliers Tesco was accused to employ more than 200 child labours around the age group of 12 in its garment factories of Bangladesh in the year 2006 which was indeed a serious accusation causing the company to reshuffle its entire outlook so as to maintain its competitive position in the global market (Guardian News and ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Employees. Ethical Audit Report Case Study: Tesco Essay”, n.d.)
Retrieved de https://studentshare.org/business/1393151-employees-ethical-audit-report-case-study-tesco
(Employees. Ethical Audit Report Case Study: Tesco Essay)
https://studentshare.org/business/1393151-employees-ethical-audit-report-case-study-tesco.
“Employees. Ethical Audit Report Case Study: Tesco Essay”, n.d. https://studentshare.org/business/1393151-employees-ethical-audit-report-case-study-tesco.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
an
ankundingcariss added comment 1 year ago
Student rated this paper as
At first, I thought 12 of pages is too much for such a question. But now I see it could not be done better. As the author starts you see the depth of the issue. I’ve read all at once. Wonderful document

CHECK THESE SAMPLES OF Employees. Ethical Audit Report Case Study: Tesco

Audit

...?AUDIT REPORT FOR LITTLE DIGGERS Ltd I) The key audit risks to the audit for Little Diggers Ltd  It is d that all audit work entail some risk; this may be because of a set of company accounts having been misstated due to a mistake or fraud, or when an auditor unsuccessfully detects errors or fraud in accounts. Audit risk is the risk that the auditors may unintentionally fail to adjust their analysis on financial accounts that are greatly misstated. The following are the risks that Little Diggers Ltd is subject to. Inherent risk This is the likelihood of material misstatement of a claim before taking into consideration the client’s...
8 Pages(2000 words)Case Study

Audit Framework

...effectively reduce the likelihood that management overrides existing controls. To assist the board in its oversight, the board often creates an audit committee that is charged with oversight responsibility for the financial reporting process. The audit committee is also responsible for maintaining ongoing communication with both external and internal auditors. This allows the auditors and directors to discuss matters that might relate to such things as the integrity or actions of managements. v) Management philosophy and operating style: Management, through its activities, provides clear signals to employees about the importance of internal control. For example,...
22 Pages(5500 words)Case Study

Marketing Management Tesco&Asda

...supermrkets in the key plce to cover the customer group, just s Tesco's strtegy sid: selling everything to everybody t everywhere. Imge improvement is nother urgent tsk tht needs to be solved. Becuse of the cquisition, now most of the people equl sd to Wl-Mrt, t the sme tome they lso ccept those negtive views which were bout Wl-Mrt. For exmple: cutting cost t ny cost, Wl-Mrtistion of locl communities, nti-union nd worker's right, squeezing the suppliers nd so on. (Kthrine shw: SD Wl-Mrt The lterntive report, 2005) Compre with Tesco nd other locl retilers, the public seems prticulrly ginst SD (Wl-Mrt). In long term view, we believed this problem is needed to be py specil ttention to. In...
12 Pages(3000 words)Case Study

Tesco Management

...Introduction: TESCO is one of the largest companies in the UK and is a multinational having presence in many parts of the world including the United States and Asia. The Company calls itself UK's largest grocer indicating the type of business it is in. It is the world's third largest supermarket, (the larges being Wal-Mart) and employees about 444,000 people worldwide indicating the size of the company. The total group turnover is over 51 billion pounds and sells products as varied as vegetable, clothes, and computers. It has over 3,700 stores spread over thirteen markets. The largest number of stores is in UK which comes to about 2,100 followed by 814 stores in Asia and 746 stores in Europe. The company...
19 Pages(4750 words)Case Study

Economic Background of Tesco

...retailers, including the Association of Convenience Stores. Tesco's construction of giant stores in small towns has led residents to object to increased traffic, noise and flooding. The Observer reported last October (2005) that the Department of Trade and Industry is considering a new review of supermarkets business under the auspices of the Competition Commission. This could prove to be a major hurdle in Tesco's continued growth and lead to stagnation of profits. One of the best ways to avoid controversy at home front and not rely so much on the UK market alone would be an energetic overseas expansion programme. This could shift attention from its dominant domestic...
7 Pages(1750 words)Case Study

Strategic audit

...and organized by geographic regions. The present structure is properly understood by the employees of the company. Each assistant manager knows that he/she has to report to the manager of the store, whereas each and every department manager knows that he/she is working under the assistant manager who is responsible for that particular department. As far as present strategy is concerned, Home Depot is currently focusing on market expansion. The present organizational structure has enabled the company to achieve its objectives regarding this strategy. B. Corporate Culture Earlier the company had a well defined corporate culture that was fully decentralized in nature but the CEO of Home Depot...
7 Pages(1750 words)Case Study

Financial Statement/Audit Report Review

...Financial ment/Audit Report Review: Analysis of Cincinnati s financial ments submission Introduction State law requires every City to prepare and publish a complete set of its financial statements for the results of fiscal operations in accordance with the generally accepted accounting principles (GAAP). This preparation is the responsibility of the Department of Finance that maintains the completeness of the data, accuracy, disclosures including its fair presentation. This paper will review the City of Cincinnati’s audited Comprehensive Annual Financial Report (CAFR) for the year ended December 31, 2011. In light of GAAP, management team should avail a narrative...
4 Pages(1000 words)Case Study

Tesco Supermarket

...into account the concept of motivation and current level of motivation in the employees of Tesco. Third, the report also recommends methods to improve the productivity of employees. Justification Currently, Tesco is not operationally performing better. Some reports indicate that the senior management has the unclear policy towards the employees and employee performance and productivity. On the other hand, some reports highlight that Tesco's organizational culture enables employees to improve their operational performance and productivity. These points...
8 Pages(2000 words)Case Study

Female Employees

...Ethics Ethics Summary In ‘Women: Keeping the Supply Lines Open,’ there is a report about female employees. Apart from analyzing the agonies of women employees, it provides recommendations on how the management can help in improving the welfare of female employees and motivate them to serve the organization even after quitting and deciding to re-enter once more. From a survey conducted, nearly 24% of women employees voluntarily quit their jobs. This, according to the survey, is caused by family commitments as well as frustrations in the workplace. However, to address the menace, the employer needs to offer trainings,...
2 Pages(500 words)Case Study

A Framework for Ethical Decision-Making: Tesco

...by an organisation, i.e. Tesco, has been discussed. The main objective of the paper is to identify the ethical dilemmas faced by the organisation. It is worth mentioning that the ethical issues or problems that Tesco is facing, especially in UK market currently, is related with its improper displaying of the prices which eventually do not comply with all commercial laws, according to the National Consumer Agency (Independent, 2011). In lieu of this, Tesco’s labor relations also raised a noteworthy ethical issue for the organisation while transacting their business globally. The company looks after the factor towards sick pay of the...
13 Pages(3250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Employees. Ethical Audit Report Case Study: Tesco for FREE!

Contact Us