Volume : IV, Issue : IX, September - 2015

ETHICAL AND UNETHICAL ACTIVITIES IN BUSINESS (CONCEPTUAL STUDY)

Anbalagan Heroji

Abstract :

<p>Business ethics is the study of rightness and weakness of the acts that involved in the production & exchanges of goods and services. It is a set of moral principles and rules of conduct applied to business. Every organization including small industries also helps in country’s growth. Business ethics are moral values and principles that determine our conduct in the business world. It refers to the commercial activities, either with other business houses or with a single customer. They can be applied to all aspects of business; from generation of an idea to its sale. Business use the society for its resources and functioning, thereby obligating it to the welfare of the society. Many organizations now implement the code of ethics in their company polices, which they implement during induction and regular training. A Code of Ethics "is generally a more blanket statement of values and beliefs that defines the organization or group" Ethical activities create good will to the organization. It includes Investors, Employees, Customers, Competition, Government etc; The lack of business ethics in the market, is the reason the world economy is presently in crisis. Unethical activities include monopoly, tax evasion, destroying competitors etc. will affect business environment. We should overcome these unethical behaviors by giving proper ethical trainings to the employees.</p>

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Anbalagan Heroji Ethical and Unethical Activities in Business (Conceptual Study) International Journal of Scientific Research, Vol : 4, Issue : 9 September 2015

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