business ethics in indian organizations

Commented by

Govind Sharma HR, startup entrepreneurs, career blogger | Guide-Level 14

2012-01-23 10:37:50

There is no ethics, even the organisation who are talking high about corruption and awakening people are not into ethics. Whenever matter of profit comes to any organisation, nobody follow the ethics

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Commented by

Ankur Jindal | Contributor-Level 9

2012-01-21 21:54:57

Hi All. Thanks @Aru chopra for inviting me to the discussion. I feel, Ethics, these are internal characteristics of any organisation who works around them. Ethics are both Positive and Negative and organisations define which route to follow. Practically all the organisations follow both positive and negative ethics in some way or the other due to cut throat competition. When the organisation becmes successful then all negative ethics are also being terms as positive ethics.
Ethics are also dependent on the employees on how they follow the rules and principals and simultanenously on the management on how much they pressurize their staff

...more

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Commented by

aru chopra | Guide-Level 11

2012-01-21 14:35:00

I would like to invite expertise from Priya Pooja Kohli Ankur Jindal 007

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Commented by

aru chopra | Guide-Level 11

2012-01-21 14:27:14

Ethics refer to the basic principles of moral values that are expected to be followed by every citizen in a civilized society, aiming to maintain tranquility and virtues. Any organization whether profit-making or service-oriented needs to abide by ethical principles so that the entire nation is benefitted. The major sources of ethical values are knowledge imbibed through religious sermons and vedic books, culture and law. These systems influence every organization and have become the guiding principles for the individuals working in the organization.

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Commented by

chandrashekhar Fakirpure | Contributor-Level 9

2012-01-21 14:03:35

Dr.Goutam Chatterjee its good explanation
Unethical business in India became a recognized phenomenon during the second World War. Academic/journalistic/legal concern with ethics has become visible only during the nineties. Corruption-of-the-poor and corruption-of-the-rich need to be distinguished – especially in the context of globalization. The danger of attributing unethical practices to system failure is recognized. It is also important to bring to bear on intellectual property rights the more fundamental principle of natural property rights. Consciousness ethics will be more crucial than just intellectual ethics.

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Commented by

Goutam Chatterjee | Guide-Level 11

2012-01-21 13:01:00

Contd from previous.
Company's assets, funds and records
Conflict of interest
Management and employee practices
Information on competition
Here are a few ethical business practices that should be followed to build a honest reputation and ensure smooth running of any organization.
Investors: Ensuring safety of their money and timely payment of interest.
Employees: Provision of fair opportunities in promotions and training, good working environment and timely payment of salaries.
Customer: Complete information of the service and product should be made available. Personal information of the customers should not be used for personal gain.
Competiti

...more

Contd from previous.
Company's assets, funds and records
Conflict of interest
Management and employee practices
Information on competition
Here are a few ethical business practices that should be followed to build a honest reputation and ensure smooth running of any organization.
Investors: Ensuring safety of their money and timely payment of interest.
Employees: Provision of fair opportunities in promotions and training, good working environment and timely payment of salaries.
Customer: Complete information of the service and product should be made available. Personal information of the customers should not be used for personal gain.
Competition: Unscrupulous tactics, competitor bashing and wrong methods should be avoided while handling competitors.
Government: Rules and regulations regarding taxes, duties, restrictive and monopolistic trade practices and unlawful activities like corruption and bribing should be adhered to.
Environment: Polluting industries should ensure compliance with the government norms regarding air, water and noise pollution.
Following are some of the activities that come under the ambit of unethical practice.
Resorting to dishonesty, trickery or deception.
Distortion of facts to mislead or confuse.
Manipulating people emotionally by exploiting their vulnerabilities.
Greed to amass excessive profit.
Creation of false documents to show increased profits.
Avoiding penalty or compensation for unlawful act.
Lack of transparency and resistance to investigation.
Harming the environment by exceeding the government prescribed norms for pollution.
Invasion of privacy used as leverage, for obtaining personal or professional gains.
Sexual discrimination
When would we as Indians observe ethical business practices in totality? It is a big question but it has a straight simple answer. Each one of us should be accountable and responsible to stop unethical business practices. Before we give certificate to TATA, ask why Radia was required?
We must create an environment which adheres to strictest philosophies of clean, transparent, hones

less

Contd from previous. Company's assets, funds and records Conflict of interest Management and employee practices Information on competition Here are a few ethical business practices that should be followed to build a honest reputation and ensure smooth running of any organization. Investors: Ensuring safety of their money and timely payment of interest. Employees: Provision of fair opportunities in promotions and training, good working environment and timely payment of salaries. Customer: Complete information of the service and product should be made available. Personal information of the customers should not be used for personal gain. Competition: Unscrupulous tactics, competitor bashing and wrong methods should be avoided while handling competitors. Government: Rules and regulations regarding taxes, duties, restrictive and monopolistic trade practices and unlawful activities like corruption and bribing should be adhered to. Environment: Polluting industries should ensure compliance with the government norms regarding air, water and noise pollution. Following are some of the activities that come under the ambit of unethical practice. Resorting to dishonesty, trickery or deception. Distortion of facts to mislead or confuse. Manipulating people emotionally by exploiting their vulnerabilities. Greed to amass excessive profit. Creation of false documents to show increased profits. Avoiding penalty or compensation for unlawful act. Lack of transparency and resistance to investigation. Harming the environment by exceeding the government prescribed norms for pollution. Invasion of privacy used as leverage, for obtaining personal or professional gains. Sexual discrimination When would we as Indians observe ethical business practices in totality? It is a big question but it has a straight simple answer. Each one of us should be accountable and responsible to stop unethical business practices. Before we give certificate to TATA, ask why Radia was required? We must create an environment which adheres to strictest philosophies of clean, transparent, hones

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Commented by

Goutam Chatterjee | Guide-Level 11

2012-01-21 12:55:57

Thanx@aniket for the invite. It is really surprising that our esteemed panelists have made ethical practices directly proportional to bribe quotient and some have been naive enough to proclaim that other than ethical practices, top companies wouldn't have survived 100 years. First of all define the business and ethics. The ethical issues can be categorized as Ethical HR Practices and Ethical
Standards. The Unethical Practices can be viewed from both the legal and political aspects. Business Sector consists of nine types of businesses, namely, Manufacturing, IT, Export, Processing, Service, Retail, Repair, Medical/Clinical, and Others.

...more

Thanx@aniket for the invite. It is really surprising that our esteemed panelists have made ethical practices directly proportional to bribe quotient and some have been naive enough to proclaim that other than ethical practices, top companies wouldn't have survived 100 years. First of all define the business and ethics. The ethical issues can be categorized as Ethical HR Practices and Ethical
Standards. The Unethical Practices can be viewed from both the legal and political aspects. Business Sector consists of nine types of businesses, namely, Manufacturing, IT, Export, Processing, Service, Retail, Repair, Medical/Clinical, and Others. Type of Ownership variable consists of Proprietorship, Partnership, S-Corporation, and Others.
The difference is between doing the right thing and the wrong thing. Business ethics are the philosophical core of any business and their outcome is crucial for economic development.
Peter Cooper – the great American Investor says "I have always recognized that the object of business is to make money in an honorable manner. I have endeavored to remember that the object of life is to do good."
Business ethics are more than 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 uses the society for its resources and functioning, thereby obligating it to the welfare of the society. While the objective of all business is to make profits, it should contribute to the interest of the society by ensuring fair practices. However, greed has led the present business scenario towards unethical business practices, legal complications and general mistrust.
Lot of organizations 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.
So what is it for?
C

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Thanx@aniket for the invite. It is really surprising that our esteemed panelists have made ethical practices directly proportional to bribe quotient and some have been naive enough to proclaim that other than ethical practices, top companies wouldn't have survived 100 years. First of all define the business and ethics. The ethical issues can be categorized as Ethical HR Practices and Ethical Standards. The Unethical Practices can be viewed from both the legal and political aspects. Business Sector consists of nine types of businesses, namely, Manufacturing, IT, Export, Processing, Service, Retail, Repair, Medical/Clinical, and Others. Type of Ownership variable consists of Proprietorship, Partnership, S-Corporation, and Others. The difference is between doing the right thing and the wrong thing. Business ethics are the philosophical core of any business and their outcome is crucial for economic development. Peter Cooper – the great American Investor says "I have always recognized that the object of business is to make money in an honorable manner. I have endeavored to remember that the object of life is to do good." Business ethics are more than 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 uses the society for its resources and functioning, thereby obligating it to the welfare of the society. While the objective of all business is to make profits, it should contribute to the interest of the society by ensuring fair practices. However, greed has led the present business scenario towards unethical business practices, legal complications and general mistrust. Lot of organizations 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. So what is it for? C

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A

Commented by

Aneeket barua Manager (Product Operation)- Infoedge India Ltd. | Guide-Level 11

2012-01-21 12:28:41

Well for me business ethics will be Professionalism.! In my view if their is professionalism in the organization, then business Ethics will automatically fall into places!!
Request experts like Nikhlesh Mathur Govind_S Excel Arvind Joshi245 Gautam Joshi Gomtis Corner Suryap2012 anjani jha Narendra Roy Naresh Babu75 Dr.Goutam Chatterjee Gurvinder Singh1978 Priya Pooja Kohli Prashant Chauhan PC Prashant Singh65600 Prof Garain PhD Raja M G rahulc Vikas Naidu girishseshmani and all the other experts and community members to participate and share their views

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Commented by

chandrashekhar Fakirpure | Contributor-Level 9

2012-01-20 18:05:07

Then what about " 2G spectrum scam " ? is there any relation with business ?

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Commented by

aru chopra | Guide-Level 11

2012-01-20 17:30:17

One of the business attitudes in India is that business cannot be done without paying bribes, hence receiving kickbacks is justified which is sad. To make Indian organizations globally competitive at par with the multinationals building an ethical culture is a necessity.

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B

Commented by

Bhupesh | Contributor-Level 9

2012-01-20 09:34:46

No business and no one can grow with out ethics , If we are looking at a Grown up Business or A developed individual then Ethic will also be there

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Commented by

arun dev | Guide-Level 11

2012-01-20 08:56:29

Dear chandrashekar,
Is there ethics in Indian organization?
why so?
Ethics are moral guidelines which govern good behaviour
So behaving ethically is doing what is morally right
Behaving ethically in business is widely regarded as good business practice.
Ethics is to conduct can be,
• Define acceptable conduct in business
• Should underpin how management make decisions
• A socially responsible firm should be an ethical firm
• An ethical firm should be socially responsible
• Ethics is about morally correct behaviour
If Indian organizations lack Ethical value,
No company would have sustained, if there is no ethics in business,
Organizations l

...more

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Commented by

chandrashekhar Fakirpure | Contributor-Level 9

2012-01-19 21:41:07

Priya BMTY @ all experts need your valuable comments

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Commented by

chandrashekhar Fakirpure | Contributor-Level 9

2012-01-19 21:40:14

Aneeket aru.chopra arun dev Manmeet Kaur50173 Pooja Kohli need your valuable comments

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Business Ethics in Indian Organizations.

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