Ethics and Corporate Social Responsibility Of Coles Supermarket

Question: Discuss about the Business Ethics, Corporate Governance And Corporate Social Responsibility Of Coles Supermarket. Answer: Ethical considerations are a crucial aspect within the business issues. These considerations help in determining the approach of the personnel towards the workplace operations. Conscious approach of the personnel towards valuing the opinion of the stakeholders and shareholders results in the achievement of sustainable growth (Moscardo, 2013). All these aspects seem true even for Coles Supermarket. The role of management is crucial in terms of maintaining the workplace ethics. The managers take the initiative of developing code of conduct, which enhances the awareness of the staffs regarding the ethical behavior, which they have to expose. Adherence and compliance to the code of conduct enables the Coles personnel to gain lucrative deals, trades and transactions from the shareholders (Crane Matten, 2016). This is a gradual progression towards escalating the sales revenue and profit margin. Theory of planned behavior and reasoned action can be taken into consideration for assessing the approach of the personnel towards workplace ethics. Utilitarianism can also be referred for determining the workplace culture of Coles Supermarket. Workplace culture is an essential issue in terms of enhancing the social parameter. Presence of transparency, sustainability, accountability, responsibility and fairness justifies the position of the Coles managers. This is in terms of the governance exposed for enhancing the efficiency in the business operations (Mason Simmons, 2014). The exercise of risk management reflects the responsibility of the staffs towards ensuring the wellbeing of the staffs. Involving the stakeholders and shareholders in the risk assessment exercise indicates the exposure of ethical approach towards the fact that the employees are an asset. References Coles.com.au (2018), About us, Retrieved 26th March 2018 from www.coles.com.au Moscardo, G. (2013). Business ethics, corporate governance and corporate social responsibility. Wiley-Blackwell.