PREMIER UNIVERSITY

ASSIGNMENT ON
Ethical Challenges faced by HKD International (CEPZ) Ltd

Course Title: Business Ethics

SUBMITTED TO:
Ms .Jafreen Sabrina
Lecturer
Discipline of HRM
Faculty of Business Studies
Premier University, Chottogram

SUBMITTED BY
Name ID. No.
MD. Abdullah-Al Faruk Chy Sabuj 1903120803793
Tonmoy Roy 1903120803794
Saimur Rahman 1903120803795
MD. Imran Hosen 1903120803796
Sayed Jiad 1903120803797
Program: M.B.A
Section:c
Batch: 31th

Date of Submission: 15/03/2021

 Chapter-01
Introduction:

Business ethics is the study of appropriate business policies and practices regarding potentially
controversial subjects including corporate governance, insider trading, bribery, discrimination,
corporate social responsibility, and fiduciary responsibilities. The law often guides business
ethics, but at other times business ethics provide a basic guideline that businesses can choose to
follow to gain public approval.

Business ethics is a broad field because there are so many different topics that fall under its
umbrella. It can be studied from a variety of different angles, whether it's philosophically,
scientifically, or legally. However, the law plays the biggest role in influencing business ethics by
far. Many businesses leverage business ethics not only to remain clean from a legal perspective,
but also to boost their public image. It instills and ensures trust between consumers and the
businesses that serve them. The modern idea of business ethics as a field is relatively new, but
how to ethically conduct business has been widely debated since bartering and trading first
arose. Aristotle even proposed a few of his own ideas about business ethics

Ethical issues occur when a given decision, scenario or activity creates a conflict with a society’s
moral principles. Both individuals and businesses can be involved in these conflicts, since any of
their activities might be put to question from an ethical standpoint. Individuals are subject to
these issues in their relationships with other individuals or in their relationships with
organizations and same goes for organizations.

These conflicts are sometimes legally dangerous, since some of the alternatives to solve the issue
might breach a particular law. In other occasions, the issue might not have legal consequences
but it might generate a negative reaction from third parties. Ethical issues are challenging
because they are difficult to deal with if no guidelines or precedents are known. For this reason,
many professional and industry associations have ethical codes that are discussed and approved
by key participants to provide a useful framework for companies and individuals to make
adequate decisions whenever they face one of these conflicts. Ethical issues in business affect a
variety of aspects related to a business’s general operating standards. Establishing a code of
ethics for your business to operate by will help you lay a firm foundation of basic trust between
you and your employees, clients, partners, suppliers, and so on. Fortunately, the law often gives
the answers to questions related to ethical issues in business (we’ll touch on some examples later
on), but that’s not always the case. That’s why every business owner should familiarize
themselves with what ethical problems in business are, why they matter, and how they should
be addressed
Objective:

The objectives of this assignment are:

1. To understand ethical challenges in business

2. To find out the impact of the unethical practices on the organization.
3. To find solation of ethical challenge

Data collection & Methodology:

This report has been completed by taking information from different relevant sources. Generally data are
collect from two source like as primary source and secondary source.

 Internet
 Lecture sheets and slides
 HKD International (CEPZ) Ltd

Limitations:

The limitations of the study are

 Sufficient written Document was not available so that I could not gather all necessary
information to make this report.
 Very difficult to get proper data through internet
 Lack of wider coverage due to tine constraint. We did not have much time to visit all the
relevant places and meet respective personnel
 Chapter-02
Company Profile

HKD International (CEPZ) Ltd

HKD Global is the world’s largest manufacturer of high-quality tents, shelters and camping
equipment. HKD Global tents and shelters are strong, weather resistant and comfortable.

“HKD Global has achieved a dominant position in the tent and camping industry with a reputation for reliability and superior
quality.’’

HKD continues to grow its reputation among business partners for superb design, excellent
quality, competitive pricing and timely delivery.

HKD Global was founded by Mr. Park, Hee Bong in 1980 with only 50 employees. Today he is
Chairman of the largest global tent company employing over 10000 people. HKD Global has
offices in the USA, Korea, Bangladesh and Hong Kong. With wholly owned production facilities
in (Plot # 49-55, Sector #8, CEPZ, Chittagong) Bangladesh. HKD Global controls all aspects of
production and the supply chain.

HKD Global is dedicated to continual improvement of our products and employing the best
personnel. HKD Global is constantly seeking new ways to exceed our customers’ expectations
so that we grow profitably together.

HKD Global continues to focus on the future and building upon its performance. HKD Global
leverages its expertise to expand and improve the tent industry. We will build and export more
tents and shelters for use in camping, backyard, utility and disaster area applications than
anyone else in the world.
 Chapter-03

Ethical Challenges Faced by HKD International (CEPZ) Ltd

Harassment and Discrimination in the Workplace:

Discrimination” means being treated differently or unfairly. Discrimination in employment is illegal when
the treatment is based on a personal characteristic or status, such as sex or race, which is protected
under anti-discrimination laws. Since the law prohibits discrimination based only on certain protected
categories, not every form of discriminatory or unfair treatment is illegal. . Discrimination can be
expressed through “harassment,” when a boss, supervisor, or co-worker says or does something that
creates an intimidating, hostile or threatening work environment. Harassment is illegal if it is based on a
personal characteristic or status protected under anti-discrimination laws. To be illegal, the harassment
must be so “severe or pervasive” that it interferes with the employee’s ability to perform the job.
Several federal and state laws protect people against many types of discrimination in employment.

Unethical accounting:

Unethical accounting practices are usually motivated by management pressure, bonus incentives, greed,
and more. However, these actions typically result in short-term gains, but long-term negative
consequences. There are many recipes for unethical behavior, and they all include a variety of
ingredients.

Nepotism and Favoritism:

Nepotism is a form of favoritism which is granted to relatives in various fields, including business,
politics, entertainment, sports, religion and other activities. The term originated with the assignment of
nephews to important positions by Catholic popes and bishops. Nepotism has been criticized since the
ancient times by several philosophers, including Aristotle, Valluvar, and Confucius. For instance, the
ancient Indian philosopher Valluvar condemned nepotism as both evil and unwise.

Abuse of Leadership Authority:

Abuse of power or power harassment is the misuse of authority to take actions in personal interest that
negatively impacts the company and its employees. It's a relative form of workplace bullying but
specifically conducted by a superior.

Corporate Espionage:
Corporate Espionage is the unlawful theft/acquisition of intellectual property, such as key trade secret
and patent information as well as industrial manufacturing techniques and processes, ideas and
formulas.

Social Media Rants:

Similar to a verbal rant, a social media rant is essentially uncensored wrath often through platforms such
as Instagram stories, tweets or Facebook posts.

Chapter-04

Solution to overcome ethical issues

Talk about the importance of Ethics:

Workplace ethics is important as it enables management to treat all employees as equal and think from
their perspective as well. Employees must have a say in their appraisal system. ... Management needs to
make employees feel secure about their job and career. Unnecessary favoritism is against workplace
ethics.

Keep employees adequately informed about issues that impact them:

By building an informed workforce, your employees will feel a stronger sense of connection to your
company, which means they'll stay longer. Having a strong internal communication strategy is key. Think
about it this way. If you don't know much about a topic, it's hard for you to understand or be interested
in it.

Acknowledge and reward ethical conduct:

Let employees know how they should act before you can reward them for their behavior. ...
Acknowledge employees for their ethical behavior in a meeting or at lunch in front of other employees if
it is appropriate to do it publicly. Develop an incentive program for all eligible employees.

Hold accountable those who violate standards, especially leaders:

Hold people and leader accountable in the workplace by effectively communicating organizational
expectations. As a result, organizations boost operational efficiency, are more likely to achieve desired
results, and outperform their competition by upwards of 150%.
 Chapter-05

Recommendation

 Moral education should be emphasized, particularly, innovative practices aimed at promoting a

high standard of morals and ethics in business. Training institutes should be encouraged to
arrange training courses, workshops and conferences on business ethics.
 Ethical practices and processes within business organizations should be encouraged. This can be
achieved in a variety of ways, including improving, reporting, transparency and strengthening
business controls such as audit and internal management information systems.
 Codes of ethics should be developed and utilized to motivate personnel, increase their
capability, judgment power, and effective managerial skill. Personnel subject to professional and
ethical codes of conduct of their respective organization should be encouraged to adhere to
those codes.
 Social prestige of ethical business personnel should be improved to so that they are motivated
to continue the work in an ethical way for the organization.
 Appropriate business regulations should be established and monitored so that organizations can
operate free from political interference. Undue pressure from business owners, corporate
boards and management should be discouraged. The audit/oversight function has a significant
role in ensuring that ethical business conduct occurs from the top-down.
 Services provided by business organizations should be improved. Customers should get proper
and due services at a reasonable cost.
 Multinational organizations should be reminded of their ethical responsibilities and they should
be discouraged from engaging in unethical practices.
 Appropriate recruitment and training policies within organizations can have a positive impact on
the ethical profile of a business and its human resources and should be used in this manner.

Conclusion

The main objective of business is to serve people with their every need for the well-being of human
being and to ensure that, there is no alternative of following business ethics. Since the practice of
business ethics in our country is still not ubiquitous, we are not getting the proper environment for
the business, and thus often we are facing some crisis situation audit is hampering our total
economic development. Our policy makers and the top executives of the organizations should give
more concern in making ethical policies and take proper steps to encourage business executives and
service holders to follow them.
 Chapter-06

Bibliography:

https://www.businessperspectives.org/pdfproxy.php?item_id:3612

https://www.datamyne.com/supplier/1651965/hkd-international--cepz--limited
http://www.hkdinternational.com/contact.php