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LearnEnglishProfessionals

BUSINESSANDETHICSAUDIOSCRIPT

Listentopartofalectureaboutethicalbusinessprinciples.
Optionalexercise (Theanswersareatthebottomofthepage).
Listentothelectureandcompletethisstudent'snotesbytypingonewordineachgap.

Businessandethics

relatetohowcompanyconductsitsbusinesstomakea _1_
Corporatesocial _2_programmeshelpcreateprosperousinclusive _3_
employeesshouldbetreated _4_ andwithrespect
recruitmentonbasisof _5_ opportunity
_6_businessesshouldchoosesupplierscarefully
companiesshouldpaysupplierson _7_
companiesshouldminimise _8_consumptionandwasteproducts
cangive _9_ tocommunityprojects

TodayImgoingtotalkaboutbusinessandethics.FirstIlllookatwhatismeantbybusinessethics.ThenIll
examinethekindofethicalconsiderationscompaniesneedtoaddress,howtheycangoaboutdoingbusiness
inamoreethicalway,andlookatsomeexamplesofethicalbusinesspractises.
Sowhatarebusinessethicsandwhyaretheyseenasimportant intodaysbusinessclimate?Businessethics
relatetohowacompanyconductsitsbusinessinordertomakeaprofit.Althoughtheprimarygoalofthe
companymaybetomakemoney,italsorecognisesthatithasaresponsibilitytowardsthesocietyinwhichit
operates.ThetermCorporateSocialResponsibilityisoftenused,andnowadaysmanycompanieshavestrong
corporatesocialresponsibilityprogrammesdesignedtohelpcreateaprosperous,inclusivesociety.
NowIlllookatsomebasicethicalconsiderationsthatacompanyneedstoaddress.Thefirstareaishowthe
companytreatsitsemployees.Allemployeesshouldbetreatedfairly,andwithrespect.Acompanythatcares
foritsworkerswelfarewilltendtohaveahappierworkforceandalowerturnoverofstaff.Itisalsoimportant
thatworkersarerecruitedonabasisofequalopportunity.
Thesecondareaishowacompanyconductsitsdaytodaybusiness.Inamanufacturingbusiness,this
includeshowsuppliersofrawmaterialsarechosenandtreated.AgoodexampleofthisistheFairTrade
movement.Thisinitiativeensuresthatsmallscalefarmersarepaiddirectlyandatafairpricefortheircrops.A
companyshouldalsolookatitspolicyonpayingsuppliers,andensurethatpaymentsaremadeontime.
Anotherethicalconsiderationistheimpactthebusinesshasontheenvironment.Manufacturingcompanies
shouldstrivetoensurethatproductioniscleanandcareful,andlookforwaystominimiseenergyconsumption
andwasteproducts.
Finally,acompanycanalsodecidetogivesomethingbacktothecommunityitoperatesin.Thiscanbeinthe
formofcorporategivingprogrammes,wheredonationsaregiventocommunityprojects,orbyinitiating
schemestoimprovethelocalcommunityandencouragingemployeestoworkontheseschemes.

Answers: 1profit,2responsibility,3society,4fairly,5equal,6manufacturing,7time,8energy,9donations
www.britishcouncil.org/professionals.htm
TheBritishCouncil,2009
TheUnitedKingdomsinternationalorganisationforeducationalopportunitiesandculturalrelations. WeareregisteredinEnglandasacharity.

LearnEnglishProfessionals
BUSINESSANDETHICSAUDIOSCRIPT

www.britishcouncil.org/professionals.htm
TheBritishCouncil,2009
TheUnitedKingdomsinternationalorganisationforeducationalopportunitiesandculturalrelations. WeareregisteredinEnglandasacharity.

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