| SMART JOURNAL OF BUSINESS MANAGEMENT STUDIES |
VOL. 1 |
NO. 2 |
PAPER 7 |
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PERSPECTIVES OF BUSINESS ETHICS |
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| M. Karunakar |
| Reader in Commerce & HOD, Sir Theagaraya College, Chennai, India |
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| Ethics is a set of rules and principles which define right or wrong of doing. The business ethics is the application and extension of ethical rules to the business behaviour. The performance of the individual organizations and societies can be studied to determine the ethical significance of the society. The human rights constitute another criterion for judging the ethics. The major source of ethical confusion in business is the conflict that occurs when the company pursues its own goals. The organisation is finding itself in difficulties with social values when the society is undergoing radical social changes. The traditional business value system leads the firm to take actions which are considered to be unethical by different groups in the society. The business firm can improve its ethical performance by encouraging managers to set a good ethical behaviour for employees. Ethics Committees can be created to consider the ethical dimension of the firm’s policies and practices, conducting ethics audits and emphasizing in training programmes in ethics. |
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