The business ethics education influence practitioner - Free Samples

Question: Discuss about The businessethics education influence practitioner. Answer: Evaluation of Ethical learning at Commonwealth Bank Previously, Commonwealth Bank in Australia was facing certain issues and it resulted in controversies as well, because of which, the company focused on the development of an ethical culture and promote ethical learning. By becoming an ethical organisation, it would become easy for the company to follow the rules and regulations implemented by the top-level management. By promoting ethical learning, it would also become convenient for the financial institution to work according to the main value statement by aligning with the business goals and objectives (Maden 2012). Ethical learning is also possible by respecting the work of every one and even considering their opinions and responses for creating good relationships between both the employer and employee. Implementation of ethical learning Due to the immense competition in the market, Commonwealth Bank has changed certain policies and procedures to maintain ethics and a positive culture for successful business functioning. For implementing the ethical learning, Commonwealth Bank has maintained honesty, transparency and managed both human and financial resources properly to promote openness and exchange of information and data with ease and effectiveness (Commbank.com.au. 2018). The organisation has introduced a new program for refunding the retail customers in case any errors or issues were caused by the bank itself. Proper leadership is managed and decisions are taken by the top management, which are accurate and have brought positive outcomes for the organisation (Karkoulian, Canaan Messarra and McCarthy 2013). The core value statement of the organisation is followed by remaining aligned with the mission and objectives for understanding the ways of working appropriately. Commonwealth Bank must abide by the laws, rule s and regulations of the state, national and federal levels to ensure proper communication, sharing and exchange of information among the employees too. To enable ethical learning, the company must develop a sense of trust and loyalty among the customers and make them believe that their career is safe and sound (Pardo and Siemens 2014). Corporate social responsibility The corporate social responsibilities could be achieved with ease, because the company had create positive impacts by managing education, community and business practices properly. Commonwealth Bank should be able to develop sustainable value by focusing on the various areas aligned with the seven opportunity initiatives. Educational opportunities are provided for making people obtain skills and knowledge and create a diversified workforce capable of performing to their potential. Corporate social responsibilities are also managed by focusing on a balanced and transparent business decisions for supporting the social, economic and environmental factors too (Balotsky 2012). Conclusion The topic focused on the ethical learning aspect of Commonwealth Bank, Australia by evaluating how the ethical learning was managed. To achieve ethical learning, it should be necessary to prepare training sessions for enhancing the skills of the workers and create a workforce that could be capable of maintaining openness and transparency. The leadership was maintained properly along with the promoting of transparency and openness, which furthermore provided enough educational scopes and opportunities and facilitated the decision making process. These could be the ways by which Commonwealth Bank could become an ethical learning organisation within the banking sector in Australia. References Balotsky, E.R., 2012. Just how much does business ethics education influence practitioner attitudes? An empirical investigation of a multi-level ethical learning model.Journal of Business Ethics Education,9, pp.101-128. Commbank.com.au. (2018). Personal banking including accounts, credit cards and home loans - CommBank. [online] Available at: https://www.commbank.com.au [Accessed 25 Jan. 2018]. Karkoulian, S., Canaan Messarra, L. and McCarthy, R., 2013. The intriguing art of knowledge management and its relation to learning organizations.Journal of Knowledge Management,17(4), pp.511-526. Maden, C., 2012. Transforming public organizations into learning organizations: a conceptual model.Public Organization Review,12(1), pp.71-84. Pardo, A. and Siemens, G., 2014. Ethical and privacy principles for learning analytics.British Journal of Educational Technology,45(3), pp.438-450.