Relevance of ethics in business

• Main Authors: Agravat, Mayurkumar R., Arora, Gurpreet
• Format: text
• Published: Animo Repository 2015
• Subjects: Business ethics; Applied Ethics; Business Administration, Management, and Operations
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/5516
• Institution: De La Salle University

Studies on 'Ethics' is picking up a pragmatic approach in India. Many researches have been focusing on different themes of ethics. Nowadays, even Ethics has been linked with different fields of human life and relations like ethics in business organization, ethics at work places, ethics in religion, ethics in human relations, ethics in literature, ethical communication in business organizations, ethics in Arts (drama, music, movies, etc.), ethics in corporate governance, ethics in education or ethics in every possible contingency where there would be possibility to study the theme on the basis of human values (ethics). In the twenty first century, where there are various social, economical, political, infrastructural, industrial and other modern development where everyone wants to leapfrog by hook or crook, here the study of 'ethics' aims for bridging the gap between social responsibility and one's own idiosyncrasy. In today's business scenario, where there is much need of corporate governance, there are scandals, cheating, favoury, being unfaithful, forgery, pilferage, etc. are rampant and everyone has become a victim of any type of corruption. This corruption is not necessary of money but of mind. The current paper will seep into the latent issues happening in various private as well as public entities and will also judge the same on the basis of ethical values. In addition, it will give us an overview about possible solutions or discussions about the solutions. The implications of the same will influence the psychology which might not curb the issues but at least will make the professional conscious enough about the acts and consequences of it.