We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
A Study on the Impact of Ethics in Indian Business Scenario.
- Authors
Rakesh, R.; Anusha, D.; Suresh, Anli
- Abstract
Ethics is a branch of Philosophy that deals with moral values. Business ethics refers to the moral principles which are considered right by the society, and so, should govern and guide the activities of a business. But in reality they are the moral principles and rules of conduct which should guide the activities of a business. The thought of business ethics generally arises when the social values lay down the norms of behavior for the business. A businessman has to do business keeping the welfare of the society and also follow certain ethics. Hence, there is a need to study business ethics which contemplates the significance of good and evil, right and wrong, and just and unjust actions of businessmen. There are a number of different ways in which ethics could influence performance of business, which in turn can influence at various levels in the complex society. Ethical or unethical behavior of businessmen can have an impact on the investors and their capability to invest in their businesses. The objective of this paper is to focus on the ethical role of businessmen and their influences on the society in the present business scenario. The discussion is presented in three sections: (i) The need for business ethics in India; (ii) Application of ethics to business; (iii) The concept of business social responsibility. The concluding observation is that it is only because of application of ethics in business and the increasing need of accountability of the businessmen to the society, that businesses are able to work in better environment.
- Subjects
ETHICS; PHILOSOPHY; BUSINESS ethics; CONDUCT of life; SOCIAL responsibility
- Publication
Journal of Economic Development, Management, IT, Finance & Marketing, 2016, Vol 8, Issue 2, p54
- ISSN
1947-2420
- Publication type
Article