To date you have worked hard on understanding Business Ethics. Your first assignment you were able to describe the ethical issues McDonalds face daily and some of you were able to make suggestions on how they could improve the ethics of their operation.
You have also had the opportunity in your second assignment to produce a newspaper article explaining the implications for the business and stakeholders of a business in operating ethically. Some of you have evaluated the impact of this on the business and its stakeholders.
Businesses exist to create profit, but where should we draw the line?
Social implications refer to those actions of business that have an effect on society as a whole. As a busines it is important that we take all the implications into account. If a business fails to follow ethics that it can impact on the brand image and reputation.
Today you will start Assignment 3 - You will be using Web Quest to work independently to develop personal learning and thinking skills.