Discussion and Analysis: Why Business Fail To Management Ethnics in the Workplace.
SEGi COLLEGE KUALA LUMPUR
SUBJECT:
BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILTY
SUBJECT CODE:
2LAW0914
LECTURER:
MS. LOGESVARY
ASSIGNMENT TITLE:
Discussion and Analysis: Why Business Fail To Management Ethnics in the Workplace.
1. INTRODUCTION
In brief, business ethics is the application of ethics in business. In another explanation, business ethics is the application of general ethical ideas to business behavior. Ethical business behavior facilitates and promotes good to society, improves profitability, fosters business relations and employee productivity. The concept of business ethics has come to mean various things to various people, but generally it‘s coming to know what it right or wrong in the workplace and doing what‘s right - this is in regard to effects of products/ services and in relationships with stakeholders. Business ethics is concerned with the behavior of a businessperson in doing a business. Unethical practices are creating problems to businessperson and business units. The life and growth of a business unit depends upon the ethics practiced by a businessperson. Business ethics are developed by the passage of time and custom. A custom differs from one business to another. If a custom is adopted and accepted by businessperson and public, that custom will become an ethic. Business ethics is applicable to every type of business. The social responsibility of a business requires the observing of business ethics. A businessperson should not ignore the business ethics while assuming social responsibility. Business ethics means the behavior of a businessperson while conducting a business, by observing morality in his business activities.
In MANAGEMENT CONCEPTS & BUSINESS ETHICS lecture notes prepared by School Of Distance Education, University Of Calicut mentioned that Business Ethics or Ethical standards are the principles, practices and philosophies that guide the business people in the day today business
SUBJECT:
BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILTY
SUBJECT CODE:
2LAW0914
LECTURER:
MS. LOGESVARY
ASSIGNMENT TITLE:
Discussion and Analysis: Why Business Fail To Management Ethnics in the Workplace.
1. INTRODUCTION
In brief, business ethics is the application of ethics in business. In another explanation, business ethics is the application of general ethical ideas to business behavior. Ethical business behavior facilitates and promotes good to society, improves profitability, fosters business relations and employee productivity. The concept of business ethics has come to mean various things to various people, but generally it‘s coming to know what it right or wrong in the workplace and doing what‘s right - this is in regard to effects of products/ services and in relationships with stakeholders. Business ethics is concerned with the behavior of a businessperson in doing a business. Unethical practices are creating problems to businessperson and business units. The life and growth of a business unit depends upon the ethics practiced by a businessperson. Business ethics are developed by the passage of time and custom. A custom differs from one business to another. If a custom is adopted and accepted by businessperson and public, that custom will become an ethic. Business ethics is applicable to every type of business. The social responsibility of a business requires the observing of business ethics. A businessperson should not ignore the business ethics while assuming social responsibility. Business ethics means the behavior of a businessperson while conducting a business, by observing morality in his business activities.
In MANAGEMENT CONCEPTS & BUSINESS ETHICS lecture notes prepared by School Of Distance Education, University Of Calicut mentioned that Business Ethics or Ethical standards are the principles, practices and philosophies that guide the business people in the day today business
References: 1. Logesvary (2014), “BUSINESS ETHICS AND CORPORATE SOCIAL RESPONSIBILTY, Lecture notes Chap. 1 to Chap. 10, Segi College Kuala Lumpur. 2 1. Pearson, Michael, Erie, PA. ‘Why ‘Dark Factories’ Are Not Good for the Environment’, Business-Ethics.com, retrieved from < http://business-ethics.com/2014/01/02/1516-why-dark-factories-are-not-good-for-the-environment/>, January 2, 2014. 2 3. Ian W. Bailey. Hill+Knowlton Strategies ‘Why CEOs Need to Make Gender Diversity on Boards Happen’, retrieved from < http://business-ethics.com/2013/12/05/1551-why-ceos-need-to-make-gender-diversity-on-boards-happen/> , December 5, 2013 4