PROFESSIONAL DIPLOMA IN MANAGEMENT

MODULE : BUSINESS ETHICS

LECTURER: THAYALAN KRISHNAN

DUE DATE:

SUBMISSION DATE: 29 SEPTEMBER 2022

NAME: HEMA A/P MOHAN

ID CARD #:

INTAKE: 2022/2023
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1. 1.0 Introduction 1,2

1.1 Background of the company 3
1.2 Objective business of the company 4
1.3 Board of director/Chart organization 5

2. 2.0 Issues in ethics 6

2.1 Provide 4 current issues in ethics in that company 7
2.2 Effect of the current issues to the company and people in 8,9
the company

3. Conclusion 10

4. References 11
1.0 INTRODUCTION
Let me introduce you some history and introduction about Y.S.P Industries
(M) Sdn. Bhd. Since its founding, Y.S.P SAH has developed into one of
Malaysia's most innovative and successful pharmaceutical companies. A
significant turning point in the history of Y.S.P SAH was reached in 2004
when the Group successfully listed on the Bursa Malaysia Securities Bhd
(Kuala Lumpur Stock Exchange) and then transferred to the Main Board.
Today, the Group has regional offices and strategic alliances in Singapore,
Vietnam, the Philippines, Myanmar, Cambodia, Thailand, Indonesia, Brunei,
Laos, as well as Sri Lanka, Africa, and countries in the Middle East. It also
offers a wide range of pharmaceutical, over-the-counter (OTC), veterinary,
and aquatic products.

In addition, Y.S.P SAH have also diversified into traditional herbal products
with Sun Ten Pharmaceutical Co. Ltd, a renowned GMP manufacturer of
standardized and concentrated herbal extracts from Taiwan R.O.C.

Figure below shows you Y.S.P Industries (M) Sdn. Bhd.

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And Y.S.P. Industries (M) Sdn. Bhd. has a PIC/s GMP manufacturing facility in
Bangi, Malaysia. The company's main business activities include the production,
promotion, and sale of a broad range of genetic products, including tablets, capsules,
eyedrops, small volume injections, syrups and suspensions, creams and
suppositories, and injections. We offer a wide variety of products, including
pharmaceuticals, over-the-counter (OTC), traditional complementary medicine
(TCM), cosmetics, and animal health items. Y.S.P. SAH has vigorously engaged in
export business through our affiliates abroad, from Asia to the Middle East and Africa
region, despite having its corporate headquarters in Malaysia.

Figure below shows you some products of Y.S.P SAH.

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1.1 BACKGROUND OF THE COMPANY

Figure above shows you the YSP.SAH Group of Companies has formed a synergistic
partnership with all of its subsidiaries worldwide in order to strengthen its position in
Malaysia and the Southeast Asia region. Malaysia was designated as the primary
base for expanding the Group's market coverage in the ASEAN region. Singapore,
Vietnam, Cambodia, Myanmar, Indonesia, and Thailand have all developed strong
marketing networks. This synergistic partnership between YSP.SAH Group and its
subsidiaries will propel the Group to the pinnacle of excellence.

I) LOCATION

Figure below is Y.S.P Industries (M) Sdn. Bhd.

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1.2 OBJECTIVE BUSINESS OF THE COMPANY

Company objectives are measurable and accurately describe the actions necessary
to complete a task. Objectives define the methods your company will use to achieve
sales success, customer service standards, branding opportunities, and any other
measurable goals. To achieve financial success, business managers must establish
clear financial objectives that emphasise the company's financial goals. Goals
should be ambitious, but also measurable and achievable. A financial objective
might be to increase company revenues and earnings. Increasing sales figures and
sales objectives assist businesses in measuring their position in relation to industry
competitors. These goals typically centre on how an organisation can outperform the
competition in terms of market share, product quality, and brand recognition. In
order to operate effectively, your company must improve its human resources.

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1.3 BOARD OF DIRECTOR/CHART ORGANIZATION
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2.0 ISSUES IN ETHICS

Business ethics are a set of moral values and corporate standards of conduct in any
business organisation. Business ethics are demonstrated both as written and
unwritten codes of moral standards that are critical to the current activities and future
aspirations of a business organisation. In simpler terms, business ethics basically
represent the organisation’s codes of corporate governance. It requires the morality
standards and behavioural patterns expected of the individuals and business as a
whole. Business ethics is more than just a concept used to enhance the image of a
corporation; ethics are the very foundation of success which should be applied from
the very beginning when a firm starts its operation. The subject of ethics is often
considered abstract (existing in thought or as an idea but not having a physical or
concrete existence) by those who believe that rules do not always apply to them.
Fact is rules and laws apply to everyone, as do standards of right and wrong
behaviour. Each individual’s actions within the company affects both the individual
and the entire organisation. When an employee acts ethically and responsibly, it
helps the entire organisation to maintain a healthy reputation. It is most unfortunate
when some employees in the upper levels of the corporate ladder decide to act
unethically, but it is a fact of business and of life. For this reason, it is crucial for a
business to be vigilant and rigorous in promoting an employee to a higher position in
order to uphold positive and practicing good values in doing business.
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2.1 Provide 4 current issues in ethics in that company

 Business Ethics
 Machine Ethics
 Relational Ethics
 Technology Ethics
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2.2 Effects of the current issues to the company and people in the company

Business Ethics

Business ethics (also corporate ethics) is a form of applied ethics or professional

ethics that examines ethical principles and moral or ethical problems that arise in a
business environment, including fields like medical ethics. Business ethics represents
the practices that any individual or group exhibits within an organization that can
negatively or positively affect the businesses core values. It applies to all aspects of
business conduct and is relevant to the conduct of individuals and entire
organizations. Business ethics has both normative and descriptive dimensions. As a
corporate practice and a career specialization, the field is primarily normative.
Academics attempting to understand business behavior employ descriptive methods.
The range and quantity of business ethical issues reflect the interaction of
profit-maximizing behavior with non-economic concerns. Interest in business ethics
accelerated dramatically during the 1980s and 1990s, both within major corporations
and within academia. For example, today most major corporations promote their
commitment to non-economic values under headings such as ethics codes and
social
responsibility charters. Adam Smith said, "People of the same trade seldom meet
together, even for merriment and diversion, but the conversation ends in a
conspiracy
against the public, or in some contrivance to raise prices.

Machine Ethics

In Moral Machines: Teaching Robots Right from Wrong, Wendell Wallach and Colin
Allen conclude that issues in machine ethics will likely drive advancement in
understanding of human ethics by forcing us to address gaps in modern normative
theory and by providing a platform for experimental investigation.The effort to
actually program a machine or artificial agent to behave as though instilled with a
sense of ethics requires new specificity in our normative theories, especially
regarding
aspects customarily considered common-sense. For example, machines, unlike
humans, can support a wide selection of learning algorithms, and controversy has
arisen over the relative ethical merits of these options. This may reopen classic
debates of normative ethics framed in new (highly technical) terms.

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Relational Ethics

Relational ethics are related to ethics of care.They are used in qualitative research,
especially ethnography and autoethnography. Researchers who employ relational
ethics value and respect the connection between themselves and the people they
study, and "between researchers and the communities in which they live and work.
Relational ethics also help researchers understand difficult issues such as
conducting research on intimate others that have died and developing friendships
with their
participants. Relational ethics in close personal relationships form a central concept
of
contextual therapy.

Technology Ethics

Ethics of technology is a sub-field of ethics addressing the ethical questions specific

to the Technology Age. Some prominent works of philosopher Hans Jonas are
devoted to ethics of technology. The subject has also been explored, following the
work of Mario Bunge, under the term technoethics.
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3.0 Conclusion and recommendation on the current issues in that company. Give
your suggestions to the company to avoid all the current issue. What should they
do ?

The conclusion and recommendation Ethics is issues of right, wrong, fairness. Therefore,
business ethics places it focus on ethical issues that arise in the commercial world. It is coming
to what now I’m give my suggestions to the company to avoid the current issues in the
company. Setting an ethical code for the society as well as at work places and other
institutions is essential. It helps the people recognize as to what is right and what is wrong and
encourages them to behave the right way. Move with the times Our customers, clients and
society as a whole will often guide how we run our businesses. They tell us what they want;
whether it’s more ethically sourced produce, fairer wages for suppliers across the globe
or more environmentally friendly policies. There will also be shifting
themes which organisations concentrate on when it comes to improving their ethical standards
- from environmentalism, working with sustainable resources, corporate social responsibility
to battling cybercrimes and protecting privacy in the digital world we live in now. Your ethics
policies or Code of Conduct needs to reflect the ever-changing world we live in. It should feel
inspiring, rather than a hindrance, because ultimately it’s about making your workplace and
brand better.
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4.0 References

http://www.yungshingroup.com/en/category/view.aspx?r=80
https://www.google.com/search?
q=y.s.p+industries+organization+chart&bih=649&biw=1366&hl=en&sxsrf=ALi
CzsZVHJilOfSGusG1-hjCSti5zZqYVg
%3A1664284015168&ei=b_UyY_nrCZuMz7sPpuWl0Ag&oq=y.s.p+industries
+organization+&gs_lcp=Cgdnd3Mtd2l6EAEYATIFCCEQoAEyBQghEKABMg
UIIRCgATIFCCEQoAE6CggAEEcQ1gQQsAM6BAgjECc6BggAEB4QFjoLCC
4QgAQQxwEQrwE6CwguEIAEEMcBENEDOgUIABCABDoHCCEQoAEQCko
ECEEYAEoECEYYAFDzCliWX2CjdWgBcAF4AIABsgOIAf44kgEKMC4yMS43
LjUuMpgBAKABAcgBCMABAQ&sclient=gws-wiz#imgrc=2sRsFcjtMVtOZM
https://edubirdie.com/examples/business-ethics/
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