Chapter Name: Formulate an ethical framework for the operational plans of a venture

Assessment 1 : Legislation and relevant regulations relating to the type of venture are identified for use in drawing up a code of ethics for the business.

Learners must explain how to develop an ethical framework and code of ethics that reflects relevant laws and regulations.

Assessment 2 : Non-statutory regulations applicable to the sector are identified and used for use in drawing up a code of ethics for the business.

Learners must identify and explain non-statutory regulations (industry standards, voluntary codes) and how to use them in creating a code of ethics.

Assessment 3 : Codes of conduct that are used by similar organisations in the sector are evaluated and elements identified for inclusion in an ethical framework for the business.

Learners must evaluate and apply codes of conduct used by similar organizations to create their own ethical framework.

Assessment 4 : Social and ethnic considerations are identified for inclusion in the ethical framework of a new venture.

Learners must describe how they would consider social and ethnic factors when developing an ethical framework for their venture.

Assessment 5 : Personal values are identified for modifying an ethical framework for a new venture.

Learners must identify how their personal values influence their decisions in shaping the business’s ethical framework.

Assessment 6 : An ethical framework and codes of ethics and conduct are drawn up for the new venture.

Learners must describe the process of creating and implementing an ethical framework, including a code of ethics and conduct.