Map British Airways stakeholders. Describe with examples from at least Essay

Map British Airways stakeholders. Describe with examples from at least two different stakeholder groups both(prenominal) of the ethical - Essay ExampleFurther it maps four stakeholders of British Airways being customers, employees, competitors and the local community. Table of confine General Overview of British Airways4 Definition of Business Ethics.4-5 Understanding Stakeholders..5-6 Examining Stakeholder mapping6-7 Discussing and mapping British Airways Stakeholders7-10 Conclusion.10-11 Bibliography...12 British Airways is the UKs leading airline dealing in both international and home(prenominal) freight, mail carriage services and provision of auxiliary products. Its roots can be traced back to the emersion of civil aviation following the infamous world war one. The company has evolved tremendously over while with its first international flight between London and Paris on 25th August 1919 by its forerunner company Aircraft Transport and Travel Limited, (A&TT) to the current worldwide destinations with extremely sophisticated planes both for loading and human transport (Britishairways.com, 2012). The United Kingdom leading airline has been very profitable with a dollar volume of ?8.99bn in the year ending 31st March 2009 (Petya, 2011). For this famous airline company to witness much(prenominal) growth, and market dominance, there has to be proper coordination and professionalism coupled by high degrees of commitments by the stakeholders of the company. In the condescension world, the act of ensuring a well coordinated relationship between a company and the stakeholders is called corporate governance. The radical allow for explore, discuss and map some British Airways stakeholders, their ethical concerns and how the company has dealt with them in general. To tackle this account efficiently, it is prudent to understand its key terms. Businesses operate in human societies and need to uphold the moral determine that are advocated within their locali ty and beyond due to globularization. The world has increasingly become a global village and what affects one part of the world automatically affects the other. For a company to gain desirable unexclusive image it has to uphold business ethics in its operations and decision making. Applied-Corporate-Governance.com (2012) defines business ethics as, the masking of moral code of conduct to the strategic and operational management of a business It is important to bloodline that different people have varied moral standards, hence what may be considered morally good to one may not necessarily be so to another person owing to individualistic diversities. Ethics is about personal moral judgment of right and wrong. The business entity has to understand this and to operate in a manner that facilitates it to win the public trust for a desired culmination to enhanced profitability. The equal can be achieved through careful moral examination of corporate amicable responsibility, politic al and social systems coupled with individual moral standards. A business entity that desires to flourish should embrace ethical practices as this will