Improving our Ethical performance Essay Example | Topics and Well Written Essays - 3500 words

Improving our Ethical performance - Essay Example (Annual report, 2004, swisslife) When a large retailer like TESCO is considered, one can find that they made ethical trading an integral part of the way they do business. They took care that the buyers, technical managers and ethical trading team to work with their suppliers to upheld labour standards in the supply chain. The company have developed a core regarding Ethical issues. TESCO started implementing ethical issues in business and ended up in making their staff earn more while the share market was jittering. This was made possible to make staff to save while they earn. (Social responsibility 2006). The company started investing in Kenyan flower supply base, South African wine producing and Dominican banana producing. The investment in these areas has linked the productin with social responsibility. As a result the living standards of flower, wine and banana producers in the above mentioned areas were enhanced and resulted in quality produce for the present and in future. (Social responsibility 2006) When we consider the marks and Spencer's ethical issues the communication, equality and diversity pay and benefit, training and development, health, safety and well being, business ethics were considered in the ethical practices. (2006, work place, Marks & Spencer) The communication between the management, suppliers and the emp... result the living standards of flower, wine and banana producers in the above mentioned areas were enhanced and resulted in quality produce for the present and in future. (Social responsibility 2006) When we consider the marks and Spencer's ethical issues the communication, equality and diversity pay and benefit, training and development, health, safety and well being, business ethics were considered in the ethical practices. (2006, work place, Marks & Spencer) The communication between the management, suppliers and the employees was well maintained to share knowledge that helps in the promotion of the business. By retaining the culturally and socially diverse work force the company is maintained equality and diversity in maintenance of the work force. The pay and benefits for the employees were at the right level and they are attractive for the people who want to join it. This made the employees feel secure and work for the promotion of the business as the company is maintaining continuous communication with the employees to be attentive. The company took care of training and development issues of the employees, which made them, develop their skills according to the need of the hour. It is taking care of health and safety and well being of their employees which makes the absence due to illness scarce. Along with the company the employees and suppliers are made to behave and trade ethically while working for and trading with the company. 2. Comparison of TESCO and Marks and Spencer's When we compare marks and Spencer's regarding their ethical trade practices the similarity lies in maintaining cordial relations with employees and suppliers by communicating and taking care of them. The communicating with employees is a difference of marks and Spencer's from that of