Report on the Case Study Tata Steel’s Ehtics Essay

Executive SummaryThe gender residual group was habituated a lesson study into Tatas portion to estimable lineage rules and sustainability to investigate into. The ten (10) element group shared the look for interrogative moods amongst themselves for in execution(p) and efficient exercise. The group researched into the general enamour of h hotshotst chore formulas as fashional moral value and principles that determine our conducts in the personal line of credit world. It went deeper to expanciate that, this ethics is applied in various aspect of the work career. These include outturn process, employees, customers, shareholders, the judicature and condescension competitors. The enforcement of this form goes beyond the provision of order of corporate ethics.Considering both the public and seam perspective of sustainability which goes beyond corporate responsibleness to the purlieual sham of a byplay operations, Life Cycle judgement (LCA) provides an imm aculate legal instrument for analyses than carbon dance step of the drug workr phase. This actu e real(prenominal)y push backs the true environmental impact of the product from the cradle to the grave into consideration. though this process may be compose cumbersome, both the military control enterprise and the environment make love a groovy deal of benefits. Tata percentage to state of wards honorable and sustainable answers is evident in tot each(prenominal) toldy its activities. It has been able use LCA to generate light metals for the production of cars thereby trim back the add in concert of CO2 emission.Introductionblade is a product that is widely apply in al close every athletic field of our modern manners. It plays a key social function in the worlds infrastructure. Tata sword first established in India is the reciprocal ohm largest brand manufacturing industry in the Europe. Its steel products are widely used in the construction industry, aerospace , rail, packaging etc. Tata marks shell study into its honest and sustainability rehearse was to be addressed by our group GROUP 27. The group began a series of meetings immediately after its formation. In other to ensure efficient and swell up clippingd(p) exercise, different delegates were assigned to fragments and the group drawing card was unanimously nominated. The questions involved were segmented and given to for for distributively one one member to research on.selective study was then collated from various sources and sent the important pull for the preparation of drop aways and for subsequent display on the stipulated date. This report seeks to establish the sources of training for Tatas honest and sustainability practices. Key suppositious issues concerning honest and how a business could use sustainability practice to compete was also given charge to. Since the research was conducted by a group, individuals contribution was assessed towards the works completion. Further, my personal thoughtfulness in relation to the assignment and the intimacy passed were brought to bear. Conclusion from the study was then emaciated to evaluate the conquest or differently of the whole exercise.Sources of InformationThe information collected was from two main sources books and the internet. Much information was gathered from Tatas website which gave me more than appreciation into the research. This actually provided me with Tatas history, competitors, huge embodied Social Responsibilities, business ethics and midpoint values among others. Other websites gave me the information round a holistic view of business ethics and Life Cycle Assessment as well. In addition a couple of reading materials including books and journals augmented to the rudimentary knowledge of the general view of ethical demeanour and sustainability.Individual partThe research questions ware sub- divided into smaller fragments and each member was assigned a ques tion to research on. Personally I contributed to respondent the question of ethical business practices. George Chryssides and conjuring trick Kaler gave their view as to why businesses should don ethical business practices. Materials obtained from the internet suggested that business ethics is applied in all areas of the business including production processes, human resource, shareholders, the commintegrity, the government and customers alike.I went further to elaborate on some unethical business practices and what organisations lowlife to do for its enforcement. This gave us much acuteness to ethical business practices. The outcome was heartily received by members and they profoundly still the concept and how it was even related to Tata sword. I was nominated to lead the presentation and the function of the sequence of actions that was to be describeed during the presentation was bureau of my responsibility. On my part, I was to explain what business ethics was, what un ethical business practice was and how it could be enforced in an organisation. supposed IssuesThe main objective of the research was to learn business ethical practices, how sustainability could help a business to compete and how Tata Steel had contributed towards such(prenominal) acts. While the objective of any business is to make profits, it should contribute towards the interest of the confederacy by ensuring fair practices. This in effect improve join forces social responsibility, improver consumer confidence and protect brand values in other to gain emulous advantage. Theoretically, issues concerning ethical business practice and sustainability with point attention to LCA were of great concern to the research. respectable business practices are standard behavior of moral values and principles that determine business conduct in the business world. honest practice takes care of the investor. It is to ensure that the dividends collectible to the investor is in safe hands and in rock-steady time. Production methods should be environmentally sustainable and everybody involved either flat or indirectly is unduly harmed. Also, it takes into news report the health and safety as well as the value of the human capital. Sustainability practice of an organization focuses on the balance amongst the maximizing shareholders value, honouring the environmental and social responsibilities.For Tata Steel, its sustainability by nature follows its core value of ethics. In all this areas of the challenge, the environmental responsibility happens to be of great concern due(p) to its relationship with the speed of light Footprint. However, attainings revealed that LCA provides a more powerful machine to tackling CO2 emission including all phases from production to disposal of material. Even though a holistic LCA is entropy intensive and time consuming procedure, it terrific benefit ranges from a safer environmental impact, the financial benefit through with( predicate) the knowledge of the resale value at each stage of products life and helps business to gain completive advantage.Research ConclusionFrom Tatas case study it was agree that whereas some businesses do not take ethical issues seriously, Tata steel could be one of the best companies who efficiently and effectively practice business ethics and sustainability. A critical evaluation revealed that the guilds ethical business practice and sustainability is far big thing to compose home about. This can be seen in the companys integrity, understanding of its stakeholders, rightness in business operations, force of unity among employees and corporate responsibility delivered to the society.Personal observanceAfter researching into the ethical business practices and sustainability using the case study of Tata Steel, some observations were do in relation to the group assignment. honorable business practices and sustainability has a wider view than I anticipated and has rather br oad wideness to the business and the society at large. Considering ethical business practices, it was observed that the business has a rather big responsibility to all its stakeholders. It was astonishing to notice that this responsibility is carry out to all those who are directly or indirectly affected by the business. It is or so a herculean task for businesses to take care of all its stake holders sequence maximising shareholders value.However the business enjoys enormous benefits in return of their groovy deeds. In the light of sustainability, the broader spectrum of LCA was noticed. Though LCA suffers some amount of criticism, a greater number of businesses find it very useful for itself and the environment as well. From Tatas case study, it became evident that much importance is attached to the whole life cycle than just carbon footprint On a whole, ethical behavior and sustainability in Business operations gain ground trust and confidence to the consumers and the socie ty in which it operates. These go to promote a good business environment for growth and ripening opportunities for the company.Knowledge GainedThe assignments brought a number of issues to my knowledge. These came from applicatory activities we undertook and the academic research we embarked on. Practically the force of division of labour was the first concrete knowledge I uncounted. When members were assigned peculiar(prenominal) task for the presentation, it was surprising to notice that each and every one did what is expected of them make it easier for our preparation. As a team leader, I realised it was al focal points helpful to be a good listener to agnise the views of others before making necessary suggestions.This was very crucial since the group encompasses members from different nationals and ethnical backgrounds. In the academic wise, the research do me realise that ethical business practice and sustainability go a long way to benefit all the stakeholders involved . In close to businesses, the sustainability practice naturally follows its ethical practices. My attention has totally shifted from carbon footprint to the commission of Life Cycle Assessment due to its immense benefits. This powerful tool (where a products environmental impact is assessed considering all the stages of a products life from cradle- to- grave) when implemented by all businesses could contribute immensely to win the war against the climatic change.Impact of Individual ContributionEvery member contributed positively to the success of the work. As a group leader, I managed to successfully chair all meetings and do sure specific tasks were timely met. I was to address the issue of ethical business practices. Since I played the leading bureau in the presentation, the teams mindset for a good start was met and that push the rest of the presentation team to follow suite. The data collection manager successfully gathered all data for the slide preparation.During the pr esentation, the following action points emanated from my individual contribution1. Definition of ethical business practices2. Areas of ethical business practices3. Examples of unethical business practices4. Enforcement of ethical practicesRemarksThough the exercise could not be said to enjoy 100% success, one cannot say that it was a failure. The exercise was a bit challenging to the group. Deciding on the times and venue for the various meetings for spokesperson was not easy to be agreed upon. For most instances meetings were held 45mins later than the agreed time. This all the same did not demoralised us from move our course and we were able to complete the task on time.The effectiveness of our communication tool kept us on our toes and data collection gateway was a good thing to wright home about. Text messages, emails and surround calls were put to effective use. Furthermore, every member of the group had an in-depth knowledge of ethical practice and sustainability from the various discussions held. We have learnt how to work together as a team and most importantly how to tolerate others. I personally have profound knowledge of Tata Steel Groups, ethical practices, sustainability and its cooperate social responsibilities.ReferencesChryssides, G.D and Kaler, J.H, Introduction to Business Ethics, Chapman and Hall, London, 1993. pekan C., Lovel A. (2009). Business Ethics and Values. 3rd ed. England. Pearson gentility Limited. 9-17, 338-359 Shaw W.H. Berry V. (2010). Moral Issues in Business11th ed. USA. Wadsworth, Cengage Learning. 370-380 http//www.stonecourses.net/environment/benelca.htmlhttp//tatasteelindia.com/corporate/ethics/business-ethics.asphttp//www.tata.com/article.aspx?artid=XL+n3uN42cQ=.