Human Resource

Human Resource Management 

Human Resource Management is the strategic approach to the effective management of people in an organization.HR departments are responsible of overseeing employee benefits design, employee recruitment, training and development, performance appraisal. ethical issues are the most difficult ones to handle or deal with. Issues arise in employment, remuneration and benefits, industrial relations and health and safety.

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Ethical Issues 

Issues are most difficult to deal with it arises in employment, remuneration and benefits.Many organizations establish expectations regarding ethical issues such as conflict of interest, safety, privacy issue, employment issue, gender and disability. It deals with setting standards that promote ethical behavior in workplace.

 

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Unethical Issues

Organization source obvious signs of unethical behavior you may be faced with public problems of ultimately loss business. Some of the problems promoting ethical business in the right path are lying about performance, breach of contact, crossing harassment, failure to maintain safety in workplace.

Finance

Finance

Finance is a term for matters regarding the management, creation, and study of money, investments, and other financial instruments.

It is defined as money required for start of business or support of business.

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Ethical Issues

They are involved in management functions at finance institute and banks.They are required to upload the highest ethical standards because internal and external stakeholders are completely dependent on transparent.

Financial document to make decisions are:-

• Accuracy
• Integrity
• Transparency
• Timeliness

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  Unethical Issues

It is at lower level in MNCs and public limited companies.

Some of the unethical in practices in accounting and financing are:-

• Not promote sale tax, custom duty,PF, ESI.
• Cheating employees of their dues towards leave travel assistance, children education fees etc. 

Buisness Ethics

Buisness Ethics

What is Business Ethics?

  

Business Ethics is a subject that deals with moral guidelines and corporate governance. Companies are supposed to set high standards and adhere to certain common business practices.Ethics is a subject of social science that is related with moral principles and social values. Business Ethics can be termed as a study of proper business policies and practices regarding potentially controversial issues such as corporate governance insider trading bribery discrimination corporate social responsibility and fiduciary responsibilities.

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Ideology of Business Ethics

Ethics is a branch of knowledge or idelogy that deals with moral principles and values.

The term ethics is derived from the Greek word Ethikos which itself is derived from the Greek word ethos,meaning custom or character. In philosophy,ethical behavior is that which is “good.”The field of ethics or moral philosophy involves developing, defending, and recommending concepts of right and wrong behavior.

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Features of Business Ethics

There are eight major features of business ethics- 

1. Code of Conduct- Business ethics is actually a from of codes of conduct. It lets us know what to do and what not to do. Business must follow this code of conduct. 

2. Based on Moral and Social Values- Business ethics is a subject that is based on moral and social values. It offers Some moral and social principle for conducting a business.

3. Protecting to Social Groups- Business ethics protect various social groups including consumers, employees, small businessperson, government, shareholders, creditor etc.

4. Offer of Basic Framework- Business ethics is the basic framework for doing business properly. It construct the social, cultural, legal, economic, and other limits in which a business must operate.

5. Voluntary- Business ethics is meant to  be voluntary. It should be self-practiced and must not be enforced by law.

6. Requires Education & Guidance-Businessman Should get proper education and guidance about business ethics. Trade Association and Chamber of commerce should be active enough in this matter.

7. Relative Term- Business ethics is a relative term. It change from one business to another and from one country to  another.

8. New Concept- Business ethics is a relatively newer concept. Developed countries have more exposures to business ethics, while poor and developing countries are relatively backward in applying the principle of business ethics.

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Principles of Business Ethics 

The principle of business ethics are related to social group that comprise of consumer employees, investor, and the local community. The important rules or principle of business ethics are as follow-

* Avoid Exploitation of Consumer- Do not cheat and exploit consumer with measures such as artificial price rise and adulteration. 

* Avoid Profiteering- Unscrupulous business activities such as hoarding, black marketing selling banned or harmful goods to earn exorbitant profit must be avoided.

* Pay Taxes Regularly- Taxes and other duties to the government must be honesty and regularly paid.

* Fair Treatment to Employees- Fair wages or Salaries, facilities and incentives must be provided to the employees.

What is marketing?

Marketing

It is defined as dozens of different ways. It also include determining demand, product on its price selected distributed channels.

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Ethical Issues

There Are Eight Principles of Ethical Marketing

1.  The common standard of truth will be observed in all forms of marketing communication.
2.  Personal ethics will guide the actions of marketing professionals.
3.  Advertising is set apart from entertainment and news and the line is clear.
4.  Marketers will be transparent about who is paid to endorse their products.
5.  Consumers will be treated fairly, depending on who the consumer is and what the product is.
6. Consumer privacy will be respected and upheld at all times.
7. Marketers will comply with standards and regulations set by professional organizations and the government
8. Ethics should be discussed in all marketing decisions in an open and honest way.

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Unethical Issues 

1. Misleading Statements
2. Making false or deceptive comparisons about a rival product.
3. *Inciting* fear or applying unnecessary pressure. “Limited time offers” are notorious for the latter, which is fine if a deadline really exists and the tone doesn't sound threatening. 
4. Exploiting emotions or a news event.
5. Stereotyping or depicting women as sex symbols merely to draw attention to a product.