Articles on Values & Ethics

Values and ethics simply means principle or code of conduct that governs a transaction. Business ethics is a wider term that includes many other sub ethics that are relevant to the respective field.

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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 other reasons also which are discussed in detail.

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Primarily ethics in business is affected by three sources - culture, religion and laws of the state. Lets discuss these 3 sources in detail.

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Workplace ethics leads to a happy and satisfied employee. Lets discuss in detail the importance of workplace ethics for employees as well as the organization as a whole.

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Human resource management deals with manpower planning and development related activities in an organization. Let us discuss the different schools of thoughts that differ in their viewpoint on role of ethics in human resource management.

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Of all the organisational issues or problems, ethical issues are the most difficult ones to handle or deal with. Issues like - employment, remuneration and benefits, industrial relations and health and safety etc

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Ethics in production is a subset of business ethic that is meant to ensure that the production function or activities are not damaging to the consumer or the society.

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Technology and Innovation has lead to ethical issues like data mining, invasion to privacy, data theft and workplace monitoring are common and critical.

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Globalisation diminished the barriers between countries on the globe and also called for universalization of values for trade to occur smoothly. International business ethics emerged quite late globally compared to the business ethics.

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Business Ethics at the workplace connotes an alignment between what the organization values and how to go about it. There are lots of myths that surround business ethics and their relevance and effectiveness.

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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 in this article.

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Ethics Management Programs are designed by an organisation or an employer as an attempt to have formalised structures for ensuring the organisation is perceived as fair, honest and responsible.

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The conflict of interest amongs team members leads to situations that are morally challenging to the manager who wants to be moral and righteous to his own conscience and serve the interests of the organization.

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This article discusses a vital but often neglected aspect about corporates and that is the menace of insider trading. Drawing upon examples from the recent crackdown on insider trading around the world, the article examines the implications of insider trading and analyzes the strategies being used to curb the menace.

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