Nobody downloaded yet

Business Ethics - Essay Example

Comments (1) Cite this document
Summary
HSBC Holdings Plc is a well known multinational financial and banking service provider located in United Kingdom. The organization is headquartered at Canary Wharf, London, United Kingdom. HSBC Holdings Plc was founded by Sir Thomas Sutherland in the year 1865. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
Business Ethics
Read TextPreview

Extract of sample "Business Ethics"

Download file to see previous pages The organization is headquartered at Canary Wharf, London, United Kingdom. HSBC Holdings Plc was founded by Sir Thomas Sutherland in the year 1865. Officially HSBC Holdings Plc was established during the year 1991. Forbes magazine has announced HSBC as 6th largest publicly traded organization. Intraday market capitalization of the company is $122.65 billion (Yahoo Finance, 2012). Product & Service Mix HSBC focuses on delivering various services like investment banking services, retail banking services, global private banking and wealth management. The company has emerged as one of the leading banking service provider internationally. Company products comprises of long term and short term loans, current and savings account, insurance schemes, credit cards, fixed deposits and advisory services. Brief SWOT Analysis Strength Weakness The bank has established global scale operation and prolonged international network. The company has created strong cash reserve ratio which helps them to diversify business operation HSBC has reduced volatility of cash flow by using diversified revenue mix. Strong financial muscles of HSBC have helped them to create sustainable corporate strategy. The bank has experienced not only asset quality deterioration but profit margin shrinkage also. Market capitalization of HSBC has declined due to poor performance of SBUs. HSBC has low control over unlawful activities like money laundering in the currency trading process Opportunities Threat HSBC has the opportunity to increase enterprise value by controlling existing portfolio. HSBC can expand business in emerging market such as Asia and Latin America. They can increase market share by focusing on low interest mortgage business. Entering emerging market will not be easy for HSBC due to strict regulatory framework of countries like India (Reserve bank of India) and China. Retail deposit might increase funding cost for HSBC in near future (Source: HSBC, 2011) Business Ethics Business ethics has evolved as a significant management concern for organizations in present time. Many organizations in USA have understood the importance of business ethics and have therefore designed ethical assistance lines for employees to report business and ethical concern to top level management. Following diagram can be used to understand importance of ethical assistance lines for organizations. (Source: Ferrell, Fraedrich, and Ferrell, 2012, p.222) Academic scholars have dissected business ethics into two parts like Descriptive Business Ethics (morality of a business is justified by ethical rules for fair trade policy in this model) and Normative Business Ethics (this is a supportive model which specifies after work required decreasing or discouraging unfair trade practices). Business ethics covers variety of issues like political situation, legal framework of the system, economic responsibility and moral values of business organization (Brenkert, 2004, p. 188). Research scholars have pointed out that business ethics can work in multidimensional manner in order to fulfil various organizational issues. Hooker has underpinned following guidelines for business ethics. Organizations need to establish a transparent and fair incentive and remuneration structure for top level executives. Organizations need to follow government rule in order to discourage stakeholders from doing illegal activities Leading companies should encourage healthy competition by allowing small firms to enter in business environment. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Ethics Essay Example | Topics and Well Written Essays - 3250 words”, n.d.)
Business Ethics Essay Example | Topics and Well Written Essays - 3250 words. Retrieved from https://studentshare.org/business/1402839-business-ethics
(Business Ethics Essay Example | Topics and Well Written Essays - 3250 Words)
Business Ethics Essay Example | Topics and Well Written Essays - 3250 Words. https://studentshare.org/business/1402839-business-ethics.
“Business Ethics Essay Example | Topics and Well Written Essays - 3250 Words”, n.d. https://studentshare.org/business/1402839-business-ethics.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
hi
hillsrachael added comment 1 year ago
Student rated this paper as
Useful paper! Used it to complete an assignment for a business course. It was easy as ABC, for the first time in my life.

CHECK THESE SAMPLES OF Business Ethics

Business ethics

...?BUSINESS ETHICS Law Introduction The relationship between business ethics and the law has in the recent past become a controversial issue necessitating the need for further research in this area. This is since empirical evidence illustrate that when businesses aim at garnering a competitive edge, they are predisposed to performing practices that are contrary to the business ethics. Is it therefore viable to believe that businesses that have been able to maintain a competitive edge act unethically? Consequently, can businesses that have upheld their ethics be referred to as being anti-competitive? It is in the wake of these research questions that this essay will illustrate the influence that business ethics has on the performance... of an...
7 Pages(1750 words)Dissertation

Business ethics

...Business ethics This study will analyze the concept of business ethics by giving a definition of the term and the various levels of business ethics. In addition, the study will focus on the importance of business ethics to any business. Moreover, the study will explore the relationship between business ethics and profitability of the business. Introduction Business ethics can be defined as the morality that results from a person’s own moral standards in the context of the environment in which the...
4 Pages(1000 words)Research Paper

Business Ethics

...? TEACHER 17 May Business Ethics Case Study This was an interesting case study where business and legalethics are to be considered. The issue in all four of these questions lies in the notion of whether an individual should receive preference over the masses, or should the interests of the masses be considered first. As with most ethical decisions, there is likely no one solid answer, but I have done my best below to provide some possible courses of action that the judge in this case could consider. Question 1 In this situation, Mr. Groetsch has done nothing wrong. As such, he is under no obligation to allow other people to handle his personal fight against Securities America. He is convinced that he has been financially damaged... as a...
5 Pages(1250 words)Case Study

Business Ethics

...?Business Ethics Table of Contents Introduction 3 Thesis ment 3 Explanation to the Case at Hand 4 Theoretical Explanation 5 Utilitarianism and the Principle of Utility 5 Deontology or Dignity of Persons Principle 5 Virtue and the Right Formation of Character 6 Theoretical Justification and Identified Consequences 6 Conclusion 8 Works Cited 9 Introduction With the increasing pace of development, organizations seek to evaluate a widespread structure of various operations. According to the present day context, it can be observed that the global organizations significantly implement various strategies with the intention to gain incessant developments in relation to its various functions with due consideration...
5 Pages(1250 words)Term Paper

Business Ethics

..., Sergeant Brash provided evidence on how he tried to contact the mortgage company, PHH Mortgage. One arm of the company kept sending him late payment notices while the other arm kept refusing his automatic payments. His attorney sued the mortgage company under Georgia and federal laws. Sergeant Brash had taken out the mortgage in November, 2007. The court has finally made a judgment on the case and awarded Brash $21 million dollars. 2. Did PHH Mortgage as a business have any good defense that could oppose the sergeant's suit?. It is the eighth largest mortgage company in the United States and in this case it was pursuing a military man. It could be suggested that PHH Mortgage was doing all it can to maximize profit in...
1 Pages(250 words)Article

Business Ethics

...? SEC Charges India Company in $18 Accounting Fraud The SEC charged Indian company Satyam Computer Services $10 to settle a fraud case against them. The company was listed on both the Indian stock exchange and the New York Stock Exchange. Their business was mainly outsourcing. Between 2005 to 2009 they created over 6,000 phony invoices to doubled their assets on the company's books, reflecting an overall increase in value of the company. The SEC also fined the company's accountants, Price Waterhouse, $6 million for allowing the fraud to go on without reporting it. In effect, the accountants were complicitors in the scheme. The was recently taken over by the Indian government who also placed criminal charges against its...
1 Pages(250 words)Article

Business Ethics

...?Business Ethics Introduction According to Bruntland, "Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs”. (WCED, 1987, p. 43). Business ethics is the corner stone for sustainable development for a company in any society. Corporate Social Responsibility (CSR) extends beyond the domain of shareholders to encompass the interests of the various stakeholders in the operations of the business. The stakeholders in a modern society include community and therefore their welfare is closely interlinked to the business operations which need to be...
8 Pages(2000 words)Essay

Business Ethics

...? (Assignment) Business Ethics I According to Kant’s principles, it is the intention behind an action, not its consequences, that makes the action good. In other words, persons of good will do their duty because it is their duty to do so. Kant identified two kinds of duty (imperatives). The first one is hypothetical imperative which states “if you want to achieve Y, do A”. For example, to achieve good grades, one requires to study. The other group of duty is categorical in nature, and is based on the fundamental principles of ethics. In this case, there are no ifs and buts. However, a close look reveals the fact that applying Kant’s principles into the modern business world is a tough task due to many reasons. The first such issue... of the...
6 Pages(1500 words)Essay

Business Ethics

...?Business Ethics OVERVIEW Today’s business environment is determined to face tremendous challenges with the increasing contenders resulting from development in the technological aspects and the advent of globalization in one’s business operating areas. A holding company is considered to be an association which directly or indirectly obtains half of the total equity shares of one or more company. The main motive behind the acquisition is to secure a controlling interest in the companies generally known as subsidiary companies (University of Mumbai, “Holding Companies”). THESIS STATEMENT The paper intends to provide a descriptive study to show whether offering gifts to the...
3 Pages(750 words)Essay

Business Ethics

...Business Ethics Introduction Business ethics is a topic that has come under debate from academics and business professionals for the vague notions associated with the subject. Theoretically, it is much easier to promote the advantages of good business ethics. But in practice, business professionals face several circumstantial dilemmas which are not clearly addressed by those who profess business ethics. The multi-dimensional aspect of business ethics places the responsibility for ethical business conduct on the business professional, peers, organization and the various factors that influence a person to make a decision. Thesis It may be argued that the business professional is not solely responsible for proper business conduct... , but the...
8 Pages(2000 words)Essay
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 Business Ethics for FREE!

Contact Us