ETHICS BLOG VENKAT

Ethical importance: Most of us would agree that it is ethics in practice that makes sense; just having it carefully drafted and redrafted in books may not serve the purpose. Of course all of us want businesses to be fair, clean and beneficial to the society. For that to happen, organizations need to abide by ethics or rule of law, engage themselves in fair practices and competition; all of which will benefit the consumer, the society and organization. Primarily it is the individual, the consumer, the employee or the human social unit of the society who benefits from ethics. In addition ethics is important because of the following: Satisfying Basic Human Needs:  Being fair, honest and ethical is one the basic human needs. Every employee desires to be such himself and to work for an organization that is fair and ethical in its practices. Creating Credibility:  An organization that is believed to be driven by moral values is respected in the society even by tho...

 Ethical basis in the work place :       Rules and regulations ought to be same for everyone .  Everyone needs to attend office on time irrespective of their designation, distance of their home from the workplace, salary or status. An individual cannot come to office late just because he is the team leader and his team is already present and working on his behalf. If a day’s salary of a clerk is deducted for coming late to work, it should be the same for the marketing manager as well.   Company’s policies need to be communicated clearly to each and every one .   There should be transparency at all levels of hierarchy. Employees are the backbone of any organization and thus they must have a say in company’s goals and objectives. An organization ought to respect its employees to expect the same in return . Rules and regulations should not be too rigid. Don’t expect an employee to attend office two days before his marriage ...

How we can resolves ethical dilemmma : In a business setting mangers are put to test when they face the challenge of resolving an ethical dilemma. Often certain situations do not fall in the ambit of procedures or the official code of conduct and this is when the managers feel the heat. The problem with ethical decision making is that a decision in itself cannot be taken in a vacuum; one single decision affects lots of other decisions and the key is to strike a balance to ensure a win-win situation is arrived upon. Though there are no golden rules to resolve ethical issues but managers can take a number of initiatives to resolve ethical issues. A brief description is given below. Know the Principles In ethical decision making there are three basic principles that can be used for resolution of problem. These three principles are that of intuitionism, moral idealism and utilitarianism. The principle of intuition works on the assumption that the HR person or the m...