Ethical Issues Econet Needs to Consider in Its Operational Activities Coursework

Ethical Issues Econet Needs to Consider in Its Operational Activities - Coursework Example This paper illustrates that one of the ethical issues Econet needs to consider in its operational activities is the working conditions of the employees. It involves the safety of the employees being guaranteed in their working environment by providing the necessary equipment and special attires for some unique jobs. Working conditions also should embrace the compensation of the employees for the period they have worked. Another business ethics to be considered is discrimination. Discrimination may involve harassment of the female employees based on their gender or the act of diminishing the new employees that join the organization. Sensitivity training should be conducted to limit the chances of discrimination among the employees. Additionally, the ethical issue of corporate governance should be considered. It is a system by which a company is directed and controlled. It is evident that corporate governance is predestined to maximize shareholders value and protect the interest of oth er stakeholders. Statistics have proven that improved corporate governance enhances value to the company’s operational performance. The company can rationalize management and monitor risks that a firm may face globally. Also, the company guarantee the truthfulness of the financial reports and obtains a long-term reputation among key stakeholders. Another ethical issue to be considered by Econet is the legal and regulatory compliance. The managers should ensure that environmental laws, fiscal and monetary reporting principles and all applicable civil rights are complied with to ensure the smooth running of the firm. The researcher is also going to evaluate the influence stakeholders exert on Econet. Some of the stakeholders in the company are the customers, shareholders, employees, suppliers, and government. Employees are the internal stakeholders who are involved in the day-to-day activities of the company. Employees’ productivity influences the performance of the comp any in the market space. As for customers, they are the external stakeholders. It is evident that customers influence the profit margins and turnover through buying products and services. Suppliers are external stakeholders who influence Econet operations by supplying various products. When suppliers avail, the product in time Econet can fulfill their customers’ needs.