‘Profit is a unclean word’, mentioned Jawaharlal Nehru, in the 1950’s while referring to the public sector companies. Even personal firms making income were seen with disdain by the public. Their dealings were suspect in the eyes of the upright ethical residents of that point.
Situations like these, drive people to change their ethics and respond in an surprising method. Hence, profit is today considered as a measure of the success of the corporate and its justification for sustained existence, progress and diversification.
Outside agency like the business association guides the business as how to observe business ethics, stating the explanations for doing so. A business unit could also be isolated from the business association if the actual business unit fails to comply with ethics.
Business Ethics – Causes And Issues Of Unethical Behavior
People are not born with values; somewhat they purchase and develop them early in life. Parents, lecturers, relations, friends and others affect a person’s values. ‘Be kind to individuals’ are taught and bolstered in faculties, religious … Read More