Is Compromising Integrity the Norm in Achieving Business Goals? Let's Discuss

Hi Friends, how often do we have to stretch ourselves to achieve our business objectives, and quite often we tend to compromise our integrity? The Indian business community seems to have become accustomed to diluting business ethics when it comes to making profits or serving their own interests.

I am sharing my presentation "Business Ethics: Fact or Fiction" with you. Please share your comments.

Regards, Roshan Suhail
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Hi, very nice PDF.

Business and Ethics: A Necessary Partnership

Business and ethics must and should go hand in hand. The purpose of business is to satisfy the customer. The customer is the king in business. But if your rival companies are not following ethics, what should we do? Taking an example of APPLE, many of Apple's software are being stolen by rival companies. Apple has said that it would pay them back in the same coin and that it would not keep quiet.

What do you think Apple should do? Please reply.

Thanks.

[SIZE="3"]Business Ethics: A Brief Note

Discussion on ethics in business is necessary because businesses can become unethical, and there is plenty of evidence today of unethical corporate practices. Even Adam Smith opined that 'People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise price.' Business does not operate in a vacuum. Firms and corporations operate in the social and natural environment. By virtue of existing in these environments, businesses are duty-bound to be accountable to the natural and social surroundings in which they survive. Irrespective of the demands and pressures upon it, business, by virtue of its existence, is bound to be ethical.

Human Resource management occupies the sphere of activity of recruitment, selection, orientation, performance appraisal, training and development, industrial relations, and health and safety issues where ethics really matter. The field operates surrounded by market interests that commodify and instrumentalize everything for the sake of profit claimed in the name of shareholders. It should be predictable that there will be contesting claims of HR ethics.