ETHICS
ETHICS IS A SYSTEM OF MORAL PRINCIPLES AND IS ALSO CONCERNED WITH WHAT IS GOOD AND BAD FOR AN INDIVIDUAL. IT IS MAINLY BASED ON THE JUDGEMENT ABOUT WHAT IS RIGHT AND WRONG. IT IS ALSO USED TO RESOLVE QUESTIONS OF HUMANS BY DEFINING CONCEPTS SUCH AS GOOD AND EVIL,WRONG AND VIRTUE. IT IS ALSO UNDERSTOOD AS THE CAPACITY TO THINK CRITICALLY ABOUT MORAL VALUES AND DIRECT OUR ACTIONS IN TERMS OF SUCH VALUES, IS A GENERIC HUMAN CAPACITY.
BUSINESS ETHICS
BUSINESS ETHICS IS A FORM OF APPLIED OR PROFESSIONAL ETHICS, THAT EXAMINES ETHICAL PRINCIPLES AND MORAL OR ETHICAL PROBLEMS THAT CAN ARISE IN A BUSINESS ENVIRONMENT. THESE ETHICS ORIGINATE FROM INDIVIDUALS, ORGANISATIONAL STATEMENTS OR FROM THE LEGAL SYSTEM. THESE ETHICAL VALUES HELP THE BUSINESSMAN MAINTAIN A BETTER CONNECTION WITH THEIR STAKEHOLDERS.
ETHICAL AND UNETHICAL ISSUES
IN HUMAN RESOURCE
ETHICAL ISSUE:
OF ALL THE ORGANISATIONAL ISSUES OR PROBLEMS IT IS THE MOST DIFFICULT ONES TO HANDLE OR DEAL WITH IT. ISSUES PERTAINING TO THE SALARIES, EXECUTIVE PERQUISITES AND THE ANNUAL INCENTIVES PLANS, ETC. SOMETIMES EMPLOYMENT ISSUES LIKE WHEN ALREADY HIRED EMPLOYEES CAN BE FOUND TO HAVE PRESENTED FAKE DOCUMENTS AND OTHER IS WHO RECOMMENDED BY A FRIEND, SOMEONE FROM YOUR FAMILY OR A TOP EXECUTIVE. SIMILARLY ETHICAL ISSUES IN HR THAT PERTAIN TO HEALTHY AND SAFETY , RESTRUCTURING AND LAYOFFS AND EMPLOYEE RESPONSIBILITIES.
UNETHICAL ISSUES:
UNETHICAL BEHAVIOR IS LIKE MISUSING THE COMPANY TIME AND ABUSIVE BEHAVIOR TO MANY WORKPLACES ARE FILLED WITH MANAGERS AND SUPERVISORS WHO USE THEIR POSITION AND POWER TO MISTREAT OR DISRESPECT OTHERS. VIOLATING COMPANY INTERNET POLICIES, LYING TO EMPLOYEES THE FASTEST WAY TO LOSE THE TRUST OF YOUR EMPLOYEES IS TO LIE TO THEM.
ETHICAL ISSUE:
IT IS CONCERNED WITH HUMAN BEHAVIOR THAT IS ACCEPTABLE OR WRONG BASED ON CONVENTIONAL MORALITY. THEY ALL RELATE ALL ASPECTS OF LIFE , INCLUDING BUSINESS AND FINANCE. ETHICAL VIOLATIONS IN FINANCE CAN BE ATTRIBUTED TO AN CONSISTENCY IN THE CONCEPTUAL FRAMEWORK OF MODERN FINANCIAL ECONOMIC THEORY WHICH MAXIMIZE THEIR OWN INTEREST.
IT IS CONCERNED WITH HUMAN BEHAVIOR THAT IS ACCEPTABLE OR WRONG BASED ON CONVENTIONAL MORALITY. THEY ALL RELATE ALL ASPECTS OF LIFE , INCLUDING BUSINESS AND FINANCE. ETHICAL VIOLATIONS IN FINANCE CAN BE ATTRIBUTED TO AN CONSISTENCY IN THE CONCEPTUAL FRAMEWORK OF MODERN FINANCIAL ECONOMIC THEORY WHICH MAXIMIZE THEIR OWN INTEREST.
THE UNETHICAL PRACTICES IN ACCOUNTING ARE MORE IN PROPRIETARY, PARTNERSHIP AND PRIVATE LIMITED COMPANIES. IT IS AT LOWER LEVELS IN PUBLIC LIMITED COMPANIES AND MNCs . COLLECTING LOANS FROM PRIVATE FINANCIERS,OPENING OF CURRENT ACCOUNTS IN DIFFERENT BANKS TO AVOID ADJUSTMENT AGAINST LOANS, ETC.
ETHICAL ISSUE:
DECISIONS AND EFFORTS SHOULD MEET AND SUIT THE NEEDS OF CUSTOMERS, SUPPLIERS, AND BUSINESS PARTNERS. UNETHICAL BEHAVIOR SUCH AS PRICE WARS, SELECTIVE ADVERTISING AND DECEPTIVE MARKETING CAN NEGATIVELY IMPACT AS A COMPANIES RELATIONSHIPS.
DECISIONS AND EFFORTS SHOULD MEET AND SUIT THE NEEDS OF CUSTOMERS, SUPPLIERS, AND BUSINESS PARTNERS. UNETHICAL BEHAVIOR SUCH AS PRICE WARS, SELECTIVE ADVERTISING AND DECEPTIVE MARKETING CAN NEGATIVELY IMPACT AS A COMPANIES RELATIONSHIPS.
UNETHICAL ISSUE:
IT MISLEADING THE ADS ARE MORE THAN JUST UNETHICAL WAY. MEDIA EXPOSURE IS ALMOST ALWAYS A GOOD THING FOR BUSINESSES AND EARNING INBOUND LINKS TO YOUR COMPANY. CONTACTING PEOPLE WITHOUT CONSENT, INSENSITIVE CONTROVERSY, EMOTIONAL EXPLOITATION.
