An Overview of Business Ethics in Indian Businesses
Ms. Swenee Shah
2) Ms. Mehal Pandya 3) Ms. Chitral Patel
(Faculties of Hasmukh Goswami College Of Engineering (MBA))
Submitted to: Gujarat Technological University
Business ethics deals with ethical rules and principles necessary for a successful business. It explains the various ethical problems that can rise in a business setting and the responsibilities of persons who are engaged in an organization. We have here shown how the Indian Businesses follows ethical practices even though they are working globally. We have here also taken few examples MNCS to show how are they going ahead unethically. In this research paper we have tried to show that no business can get success even though they are going globally (locally) if they don’t follow ethics and legitimate values. Our research paper reflects that true and ethical business can sustain for longer time and even can survive at toughest time. ethical training ,policies procedures will help any organization to manage their work place very well .we have shown that how ethics will help to enhance reputation of business and generate loyalty from staff members. Our research paper will open new avenues to the ethical dilemmas
Table of Contents
Particulars What is Business Ethics Ethics and military Overview of issues in Business Ethics Ethics in Indian context: Scope of business ethics Approaches to Business ethics. Importance of Ethics in Business. Ethics and legality (code of ethics) Issues in business ethics(Types of Morally Questionable acts) Problems in its follow up Ethical considerations in Corporate Entrepreneurship Ethics and teaching field List of Most Ethical Companies in the world Unethical Companies Conclusion Page No. 4 4 6 6 8 9 10 12 12 13 15 15 18 22
WHAT IS BUSINESS ETHICS?
Business 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. 3
It is also known as corporate ethics. It applies to all aspects of business conduct and is relevant to the conduct of individuals and business organizations as a whole. Example for it deals with the ethical question in the field of business ethics. medical, technical, legal and
ETHICS AND MILITARY:
Today the corporate world has so many challenges. It can immensely benefit from the army ethos that stress on dedication, justice, equality and total commitment. Col Dr. Kailash Chand Introduction The high level of transparency in the functioning of the Indian army and other government and private organizations has created so much of scope to benefit from each other. The military as an organization has very time tested ethos enabling it to keep its head very high, both during peace as well as war. The army ethos has so much of applicability in any other government and civil organization and the corporate sector in particular can benefit immensely from it. A look at some of the military ethos: 1. The first military ethos is to live and die for each other and this creates lot of esprit de corps and camaraderie amongst everyone. 2. The second military ethos is to apply the principle of impartiality and justice to everyone across board and this creates a lot of mutual trust and confidence amongst the soldiers of Indian Army. 3. The third military ethos is to create a family feeling amongst everyone and this happens by respecting the religion, the tradition and the culture of each other. The principle of secularism is the root of the survival of the Indian Army. Everyone, irrespective of his caste, color, and creed is soldier and that is the only religion followed by everyone. 4. The fourth military ethos is to put the interest of the country at the top most level under any circumstances and then comes the welfare of the subordinates and the welfare of the officers’ class comes only at the last....