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The document discusses the necessity of government regulations and ethical guidelines in business conduct, particularly addressing issues such as product liability, worker rights, and environmental concerns. It highlights the growing importance of business ethics since the 1990s due to various scandals and unethical practices that have come to light. The focus is on identifying responsibilities and obligations in ethical decision-making within the business environment.

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POULAMI GAIN
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13 views1 page

Img 20231007 0005

The document discusses the necessity of government regulations and ethical guidelines in business conduct, particularly addressing issues such as product liability, worker rights, and environmental concerns. It highlights the growing importance of business ethics since the 1990s due to various scandals and unethical practices that have come to light. The focus is on identifying responsibilities and obligations in ethical decision-making within the business environment.

Uploaded by

POULAMI GAIN
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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BusrNr.ss [:.rrrr<.

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:>
PPROACH z: ANarrslxc Exlsrrxc Pnacrrcrs ANp Fnamrxc cooe or coxoucr
.ir l'ltere are areas of our couduct rvhich require governrnent regulations or rsllpolicing. Such
I :l l- .:s ittcluclt product liability'. w'orker rights, environmental problents. rvhite-collar crirne, boundecl
.I'IJ
' ,rr. triinimtitll rvages. and child !ahour. This approach to ethics deals with the subject of pLrblic
-r It<.leais not L--nlv with identifleaiion of unetirical practices but assignirrg responsibilities to
'I:1t . rthical niisdeeds or mistakes in ronduct.
-'his
.: l'. r1
a$$roaeh also cleais u'ith etirieal guidelines which serve as benchnrarks of responsible
, .irt;irn;r; '.

i l ( )ACfI -1: Fuxr;aucNT,{r- Pnrlosop*rrcnr PRorrg'us


iris approach. business erities is dr.'tlned as iin atterlpt tci ascertain one's responsibilities
,,.1 urbligations. Here.the irr,":tis is;rr people rather than issiies. and the prirrrar; rlritrsti,.)t)
ll ilorl we slrould coni;lttct oltrselves in lirltllling tlre etlLical requirernents c,i,riit'trusr,rcss
'da)'s environttrenl, the cluestitrn is increasingll'inrportant as u,e tace nrnner'()[15 ql{)r'ai
r .thical dilenrnias at 1!{}rk ihat reqnire hard chr:,ices.

ETTiICAI- CONCERNS

: subject of btrsiness ethics received little attention pri,:r to the 1990s. Hou,evcr, it has
- r rmportance in the last cotrple of years. A broad array of incidents. beginning trom the
;r'ta episode, has creaiecl awareness about ethical issues in the country. There havd been
::uption, insider tracling, cheating sniall investors and rlisappropriation of accoutlts
r E names of the irrdusrry have been featured prominently.
- -:,Irluide survey rlolre b;'a brisiness nragazine {Busirress Today. 1995) nranv such
: -: lorted. Sorne of the issues disclrssed were:
' -;:n about widespread carruption
- . -:;al scaflls

:: I I :tq adYertiSernentS
" -.lion of child lairour
',.. li.t tri'irr*mr:ll Ai wiii"kplace
: -- n Ljf tlte et:r,'il-utlire itt
,' : lteaith in iii.: i,turi;irlacc
-, rnlndianbusinessr:anber:lassifiedintai'irzebasicgroups: equit.y'.r'ights.htxestl,
; 'ie and *se rri'corpolate p(lwer.

EQrilTY

rti;,,'ir b;i:,r.: 1;lrr:i'rsg. irpart tri)ril ar:"' established legel or liunlarl rirrhl. ln

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