Ethical and Unethical Business Practices

Business ethics are more important than moral values & principle that determine conduct in the business world. Business ethics is the good debated topic of this time. The difference is only  doing the right thing and wrong thing. Business ethics are the philosophical core of any of the business and  outcome is crucial development. 

Code of ethics 

Many of the organisation implement the code of ethics in their company policies, which they implement during induction & orientation and  regular training.A code of ethics is generally a  statement of values and belief that define the culture of organisation

Ethical Business Practices  

  Following are some Ethical business practices

• Investor :Ensure that  safe of their money and timely payment of  their interest
• Employees : Providing the fair opportunity in Promotion and training for their career development, good condition of working, Their payment and salaries is on time,
• customer : Complete information about the product and the services and their uses.
• government : follow the  Rule and regulation of  taxes, duties and laws 

Unethical Business Practices 

Following are some unethical business practices

• Resorting to the dishonesty issues , tricky or deception practise 
• Distortion of the facts to mislead or confuse the custumer .
• Manipulating People emotionally by exploiting their vulnerabilities 
• Greed to a more  excessive profit 
• Creation of fake  documents to show Increased profits

Rs 5.05 lakh rupees fine on doctors for unethical practices 

In Nagpur cracking down on unethical practices adopted by doctors while promising to get rid of diseases like diabetes, the Additional District Consumer Disputes Redressal Forum slapped Rs5.05 lakh fine on afamily of doctors  

Ethics in Sales and Marketing

Markets present a sight of interest between various players. There are  competition for the resources, consumer and price, which breeds ground for activities that may not get ethical penalty. A some code of conduct, policies and practices known ethics are manage markets and marketing.

Marketing is the heart of the all businesses and all other functions.

There are different  schools of thoughts for ethics in marketing, one is the political philosophy and the other is the transaction focused.

Marketing were carried out in a such manner so that the society or any ones morality is not been affected. 

Marketing ethics is affect overall  reputation of the organisation because sale and promotion is attract the consumer and it maintain the goodwill of the company. It also influences many aspects of our life and especially in developing thought  in the minds of people and creating identities and mentality of  classes and sections in the society. The visual channels is used for marketing sometimes affect to closure of knowledge, ideas,mentality and beliefs. It creates also prejudices in the mind of humans .

Ethics and Production

Ethics in production is a subcategory of business ethic that  meant to ensure that the production  activities are  damaging to the consumer or the society.in the production sector we provide a good working condition to our employees and the product is not harm the health of the consumer and also proper uses and details of the steps of using the product. Product is not defective and the product is not harm the environment as well.

the most important features of the business in  today is that there is a high degree of interdependence between various business activities.

All the production activities  are governed by production ethics, but there are severely deleterious which need to be monitored continuously. The following are worth mentioning:

1. There are some ethical problems arises when we use of the new technologies that are dangerous  to health, safety and environment. 
2. Defective goods or products those are innately dangerous  like alcohol, tobacco and fast motor vehicles, warfare, chemical manufacturing etc.
3. many animals were tested in the experiment that are not ethical .most of the animals were die because of that.
4. Some of the unethical product increase pollution, global warming, increase in water pollution  and affect natural resources.

Ethics and Technology

In business todays era technology is most important for the company. Those  company which is not develop in changes world which were not able to survive in market. In this scenario unethical practices in the technology is increase day by day because of the competition of the technology. 

Every day we have innovative products and services. And technology will lead to the growth of the industrial sector. In automobile sector technology will affect overall growth.

if the technology will make a task easy for human beings then it also harms the life of the animals like sparrow will decrease very fast because of network.

Now a days data is primary in the field of technology  With the advance  of internet technology the world has interconnected with all the sector of the worlds market 

the biggest disadvantage of the technology is the cyber security and the data leakage most company involve in unethical practice.