Business Ethics and Its Practices: What Values Lacking in India

Dr. P. Veerachary

Abstract


Business Ethics is the study if business situations, activities, and decisions where issues of right and wrong are addressed. It is worth stressing that as opposed to, for example commercially, financially right or wrong. Moreover, by business ethics, we do not mean not only commercial business, but also government organizations, pressure groups, not-for-profit businesses, charities, and other organizations. For example, Questions of how to manage employees fairly, or what constitutes deception in advertizing, are equally important for organizations such as Greenpeace the University of Stockholm, or German Christian Democratic Party as they were for Shell, Volvo, and Duetsche Bank. When comes to India what is lacking is values in Business. Although they are laws to prevent this it is not possible until people and businesses realize that ethicality in business helps both the parties.  There is an urgent need for reevaluation of business standards with practical ethics.


Keywords


Business ethics, values, pressure groups, charities, not-for-profit businesses

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References


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