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Abstract
Business ethics not only upgrades the corporations’ working standards but also innovates employees’ aptitude for effective project management. Due to business ethics implementation, Emaar Properties is a multinational real estate developmental corporation. In Emaar Properties, business ethics casts a beneficial impact on stakeholders’ involvement, employee loyalty, and consumers’ satisfaction with the latest product portfolio. This paper yields the business ethics practices within Emaar and the reasons for being engaged in such practices. Moreover, the paper inspects Emaar’s ethical behavior in several activities, scrutinizes if the company has ever been penalized for any unethical behavior, and provides some essential recommendations for management concerning ethical behaviors.
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Copyright (c) 2022 Ayman Al Armoti, Hamad Abdullah Al Meqbali, Abdullah Saleh Noor
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References
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- Andersch, H., Arnold, C., Seemann, A. K., & Lindenmeier, J. (2019). Understanding ethical purchasing behavior: Validation of an enhanced stage model of ethical behavior. Journal of Retailing and Consumer Services, 48, 50-59. https://doi.org/10.1016/j.jretconser.2019.02.004
- Anderson, T. W. (2003). An introduction to multivariate statistical analysis. United Kingdom: Wiley.
- Areiqat, A. Y., Alali, A., & Arikat, Y. (2018). Risk management to avoid project failure: a comparison study of construction projects in the GCC. International Journal of Business Continuity and Risk Management, 8(2), 87-105. https://doi.org/abs/10.1504/IJBCRM.2018.092910
- Bateman, R., & Majdalawieh, M. (2009). Megaprojects and risk management: Emaar Properties. International Journal of Teaching and Case Studies, 2(1), 56-75. https://dx.doi.org/10.1504/IJTCS.2009.026299
- Bint-Tariq, M. N., Al Dhaheri, A., AlMazrouie, A., Al-Blooshi, L., Al Mazrouei, F., & Nobanee, H. (2020). Ratio Analysis of Emaar. Available at SSRN 3603270. https://dx.doi.org/10.2139/ssrn.3603270
- Bodolica, V., Spraggon, M., & Shahid, A. (2018). Strategic adaptation to environmental jolts: an analysis of corporate resilience in the property development sector in Dubai. Middle East Journal of Management, 5(1), 1-20. https://doi.org/abs/10.1504/MEJM.2018.088724
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- De Bakker, F. G., Rasche, A., & Ponte, S. (2019). Multi-stakeholder initiatives on sustainability: A cross-disciplinary review and research agenda for business ethics. Business Ethics Quarterly, 29(3), 343-383. https://doi.org/10.1017/beq.2019.10
- DeTienne, K. B., Ellertson, C. F., Ingerson, M. C., & Dudley, W. R. (2021). Ethical development in business morals and ethics: An examination and critique. Journal of Business Ethics, 170(3), 429-448. https://doi.org/10.1007/s10551-019-04351-0
- ElGammal, W., El-Kassar, A. N., & Messarra, L. C. (2018). Corporate ethics, governance and social responsibility in MENA countries. Management Decision, 56(1), 273-291. https://doi.org/10.1108/MD-03-2017-0287
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- Farouk, S., & Jabeen, F. (2018). Ethical climate, corporate social responsibility and organizational performance: evidence from the UAE public sector. Social Responsibility Journal, 14(4), 737-752. https://doi.org/10.1108/SRJ-01-2017-0002
- Filzmoser, P., Varmuza, K. (2016). Introduction to Multivariate Statistical Analysis in Chemometrics. United States: CRC Press.
- Gölgeci, I., Arslan, A., Dikova, D., & Gligor, D. M. (2019). Resilient agility in volatile economies: institutional and organizational antecedents. Journal of Organizational Change Management, 33(1), 100-113. https://doi.org/10.1108/JOCM-02-2019-0033
- Gupta, B., & Agarwal, R. (2022). Strategic Performance Measurement System and Its Impact on Organizational Effectiveness: A Study of United Arab Emirates Based Organizations. European Journal of Business and Management Research, 7(3), 266-276. https://doi.org/10.24018/ejbmr.2022.7.3.1452
- Heumann, C., Schomaker, M. (2017). Introduction to Statistics and Data Analysis: With Exercises, Solutions and Applications in R. Germany: Springer International Publishing.
- Jha, J.K., & Singh, M. (2021). Who cares about ethical practices at workplace? A taxonomy of employees’ unethical conduct from top management perspective. International Journal of Organizational Analysis. https://doi.org/10.1108/IJOA-07-2020-2321
- Kaur, A. (2019). Impact of Work Place Ethics on Employee and Organization Productivity. Gyan Management Journal, 13(2), 1-6.
- Kreismann, D., & Talaulicar, T. (2021). Business ethics training in human resource development: A literature review. Human Resource Development Review, 20(1), 68-105. https://doi.org/10.1177%2F1534484320983533
- Lozano, J. M. (2012). Ethics and Organizations: Understanding Business Ethics as a Learning Process. Netherlands: Springer Netherlands.
- Majumdar, S. (2017). Performance analysis of listed companies in the UAE-Using DEA Malmquist index approach. American Journal of Operations Research, 7, 133-151. https://ssrn.com/abstract=3345138
- Malik, H., & Mehmood, M. (2022). Impact of Authentic Leadership, Sustainable Leadership on Sustainable Growth with Mediating Role of Organizational Learning. Academic Journal of Social Sciences (AJSS), 6(1), 48-69. https://doi.org/10.54692/ajss.2022.06011681
- Morrissette, C. (2020). International experiences and practices in managing mega infrastructure risk. Journal of Mega Infrastructure & Sustainable Development, 2(1), 126-145. https://doi.org/10.1080/24724718.2022.2039055
- Mostafa, A. M. S., & Shen, J. (2019). Ethical leadership, internal CSR, organisational engagement and organisational workplace deviance. In Evidence-based HRM: A Global Forum for Empirical Scholarship, 8(1), 113-127. https://econpapers.repec.org/RePEc:eme:ebhpps:ebhrm-03-2019-0026
- Sunanda, K. (2020). Impact of work place ethics on employee and organization productivity. International Journal of Management (IJM), 9(1), 22-28.
- Tsalikis, J., & Fritzsche, D. J. (2013). Business ethics: A literature review that focuses on marketing and businesses' ethics. Citation Classics from the Journal of Business Ethics, 337-4049. https://doi.org/10.1007/978-94-007-4126-3_17
- Tushar, H. (2017). The role of ethical leadership in developing sustainable organization. Australasian Journal of Law, Ethics, and Governance (AJLEG), 2(2), 83-95. https://ssrn.com/abstract=3782780
- Werhane, P. H., & Freeman, R. E. (1999). Business ethics: the state of the art. International Journal of Management Reviews, 1(1), 1-16. https://doi.org/10.1111/1468-2370.00002.
References
Ahn, J., Wong, M. L., & Kwon, J. (2020). Different role of hotel CSR activities in the formation of customers’ brand loyalty. International Journal of Quality and Service Sciences, 12(3), 337-353. https://doi.org/10.1108/IJQSS-02-2020-0028
Alabbar, M. A., & Safarik, D. (2018). Talking Tall: His Excellency Mohamed Ali Alabbar. CTBUH Journal, (4), 54-57. https://www.jstor.org/stable/26614167
Andersch, H., Arnold, C., Seemann, A. K., & Lindenmeier, J. (2019). Understanding ethical purchasing behavior: Validation of an enhanced stage model of ethical behavior. Journal of Retailing and Consumer Services, 48, 50-59. https://doi.org/10.1016/j.jretconser.2019.02.004
Anderson, T. W. (2003). An introduction to multivariate statistical analysis. United Kingdom: Wiley.
Areiqat, A. Y., Alali, A., & Arikat, Y. (2018). Risk management to avoid project failure: a comparison study of construction projects in the GCC. International Journal of Business Continuity and Risk Management, 8(2), 87-105. https://doi.org/abs/10.1504/IJBCRM.2018.092910
Bateman, R., & Majdalawieh, M. (2009). Megaprojects and risk management: Emaar Properties. International Journal of Teaching and Case Studies, 2(1), 56-75. https://dx.doi.org/10.1504/IJTCS.2009.026299
Bint-Tariq, M. N., Al Dhaheri, A., AlMazrouie, A., Al-Blooshi, L., Al Mazrouei, F., & Nobanee, H. (2020). Ratio Analysis of Emaar. Available at SSRN 3603270. https://dx.doi.org/10.2139/ssrn.3603270
Bodolica, V., Spraggon, M., & Shahid, A. (2018). Strategic adaptation to environmental jolts: an analysis of corporate resilience in the property development sector in Dubai. Middle East Journal of Management, 5(1), 1-20. https://doi.org/abs/10.1504/MEJM.2018.088724
Civera, C., & Freeman, R. E. (2019). Stakeholder relationships and responsibilities: A new perspective. Symphony: Emerging Issues in Management, (1), 40-58. https://doi.org/10.4468/2019.1.04civera.freeman
De Bakker, F. G., Rasche, A., & Ponte, S. (2019). Multi-stakeholder initiatives on sustainability: A cross-disciplinary review and research agenda for business ethics. Business Ethics Quarterly, 29(3), 343-383. https://doi.org/10.1017/beq.2019.10
DeTienne, K. B., Ellertson, C. F., Ingerson, M. C., & Dudley, W. R. (2021). Ethical development in business morals and ethics: An examination and critique. Journal of Business Ethics, 170(3), 429-448. https://doi.org/10.1007/s10551-019-04351-0
ElGammal, W., El-Kassar, A. N., & Messarra, L. C. (2018). Corporate ethics, governance and social responsibility in MENA countries. Management Decision, 56(1), 273-291. https://doi.org/10.1108/MD-03-2017-0287
Emaar Properties Report (2021). Emaar Properties PJSC and its Subsidiaries: Unaudited interim condensed consolidated financial statements, for the period ended 30 June 2019. Retrieved from https://feeds.dfm.ae/documents/2019/Aug/14/1b19a1d4-eefe-4962-8d72-111702e95ce9/Emaar_FS_Q2_E_14_08_2019.pdf
Farouk, S., & Jabeen, F. (2018). Ethical climate, corporate social responsibility and organizational performance: evidence from the UAE public sector. Social Responsibility Journal, 14(4), 737-752. https://doi.org/10.1108/SRJ-01-2017-0002
Filzmoser, P., Varmuza, K. (2016). Introduction to Multivariate Statistical Analysis in Chemometrics. United States: CRC Press.
Gölgeci, I., Arslan, A., Dikova, D., & Gligor, D. M. (2019). Resilient agility in volatile economies: institutional and organizational antecedents. Journal of Organizational Change Management, 33(1), 100-113. https://doi.org/10.1108/JOCM-02-2019-0033
Gupta, B., & Agarwal, R. (2022). Strategic Performance Measurement System and Its Impact on Organizational Effectiveness: A Study of United Arab Emirates Based Organizations. European Journal of Business and Management Research, 7(3), 266-276. https://doi.org/10.24018/ejbmr.2022.7.3.1452
Heumann, C., Schomaker, M. (2017). Introduction to Statistics and Data Analysis: With Exercises, Solutions and Applications in R. Germany: Springer International Publishing.
Jha, J.K., & Singh, M. (2021). Who cares about ethical practices at workplace? A taxonomy of employees’ unethical conduct from top management perspective. International Journal of Organizational Analysis. https://doi.org/10.1108/IJOA-07-2020-2321
Kaur, A. (2019). Impact of Work Place Ethics on Employee and Organization Productivity. Gyan Management Journal, 13(2), 1-6.
Kreismann, D., & Talaulicar, T. (2021). Business ethics training in human resource development: A literature review. Human Resource Development Review, 20(1), 68-105. https://doi.org/10.1177%2F1534484320983533
Lozano, J. M. (2012). Ethics and Organizations: Understanding Business Ethics as a Learning Process. Netherlands: Springer Netherlands.
Majumdar, S. (2017). Performance analysis of listed companies in the UAE-Using DEA Malmquist index approach. American Journal of Operations Research, 7, 133-151. https://ssrn.com/abstract=3345138
Malik, H., & Mehmood, M. (2022). Impact of Authentic Leadership, Sustainable Leadership on Sustainable Growth with Mediating Role of Organizational Learning. Academic Journal of Social Sciences (AJSS), 6(1), 48-69. https://doi.org/10.54692/ajss.2022.06011681
Morrissette, C. (2020). International experiences and practices in managing mega infrastructure risk. Journal of Mega Infrastructure & Sustainable Development, 2(1), 126-145. https://doi.org/10.1080/24724718.2022.2039055
Mostafa, A. M. S., & Shen, J. (2019). Ethical leadership, internal CSR, organisational engagement and organisational workplace deviance. In Evidence-based HRM: A Global Forum for Empirical Scholarship, 8(1), 113-127. https://econpapers.repec.org/RePEc:eme:ebhpps:ebhrm-03-2019-0026
Sunanda, K. (2020). Impact of work place ethics on employee and organization productivity. International Journal of Management (IJM), 9(1), 22-28.
Tsalikis, J., & Fritzsche, D. J. (2013). Business ethics: A literature review that focuses on marketing and businesses' ethics. Citation Classics from the Journal of Business Ethics, 337-4049. https://doi.org/10.1007/978-94-007-4126-3_17
Tushar, H. (2017). The role of ethical leadership in developing sustainable organization. Australasian Journal of Law, Ethics, and Governance (AJLEG), 2(2), 83-95. https://ssrn.com/abstract=3782780
Werhane, P. H., & Freeman, R. E. (1999). Business ethics: the state of the art. International Journal of Management Reviews, 1(1), 1-16. https://doi.org/10.1111/1468-2370.00002.