ETHICAL AND UNETHICAL ISSUES IN DISCIPLINES OF MANAGEMENT

WHAT IS ETHICS ?

• Ethics or moral philosophy is a branch of philosophy that involves systematizing,defending and recommending concepts of right or wrong conduct
• It is a branch of knowledge that deals with moral principles 
• Moral principles that governs a person's behaviour or the conducting of an activity
• Ethics is based on well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations, benefits to society, fairness, or specific virtues.
• "Ethics has to do with what my feelings tell me is right or wrong."
  "Ethics has to do with my religious beliefs."
  "Being ethical is doing what the law requires."
  "Ethics consists of the standards of behavior our society accepts."
  "I don't know what the word means."

BUSINESS ETHICS

Business ethics is a from of applied ethics or professionals ethics , that examines ethical principles and moral or ethical problems that can arise in a business environment. it applies to all aspects of business conduct and it is relevant to the conduct of individuals and entire organizations.

ETHICAL AND UNETHICAL ISSUES IN HUMAN RESOURCES, FINANCE AND MARKETING

ETHICAL ISSUES IN HR

Ethical issues in HR of all the organisational issues or problems , ethical issues are the most difficult ones to handle or deal with . issues arise in the employment , remuneration and benefits, industrial relations and health and safety.

UNETHICAL ISSUES IN HR

Unethical behavior is an action that falls outside of what is considered morally right or proper for a person , a profession or an industry. Individuals can behave unethically, as can businessman , professionals and politicians.

ETHICAL ISSUES IN FINANCE

Ethics in general is concerned with human behavior that is acceptable or "right" and that is not acceptable or "wrong" based on conventional morality. 

General ethical norms encompass truthfulness, honesty, integrity, respect for others , fairness and justice.

Ethical behavior is so important because finance involves the management of others people's capital.people must be willing to invest their capital with others if the economy is to thrive which is why it very important to the economy to have confidence ethical behavior.

 

UNETHICAL ISSUES IN FINANCE

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.

unethical behavior may violate a code of conduct for a particular industry or sector. professional organisation may censure or revoke the licenses of those professionals who are found to have committed unethical acts.

ETHICAL ISSUES IN MARKETING

Ethical marketing decisions and efforts should meet and suit the needs of customers, suppliers, and business partners. 

understanding the importance of marketing ethics is not only the long term goal and objective of the company but there are various long-term gains attached to following the same such as customer loyalty, high credibility in the market and in the minds of the customers, increased market share,enhanced brand value.

UNETHICAL ISSUES IN MARKETING

Unethical practice in marketing can result in grouping the audience into various segments. selective marketing may be used to discourage the demand arising from these so-called undesirable market segments or to disenfranchise them totally.