ETHICS

BAHRIA UNIVERSITY

ETHICS:
Ethics is also known as moral philosophy. Which is a branch of philosophy that addresses questions about morality that is, concepts such as good and evil, right and wrong, virtue and vice, justice, etc. Basically ethics came from QURAN. It is set of rules n regulations, code of conduct, moral values, character of a man and stuff like that. It is almost set by human living in the society and we all have to accept it as a society.

Business Ethics:
The examination of the variety of problems that can arise from the business environment, and how employees, management, and the corporation can deal with them ethically. Problems such as fiduciary responsibility, corporate social responsibility, corporate governance, shareholder relations, insider trading, bribery and discrimination are examined in B.E.

Issues in Business Settings:

There are many issues in business which are unethical. The companies and the organizations do not follow the right path for their business. Due to this globalization the competition in the market has increase and the organizations just because to earn a good name, revenue and place using wrong way. Basically the issues which are ethically wrong and use by the companies are ADVERTISING, MARKETING, SELLING HARMFUL PRODUCTS, INTEREST FREE BANKING, PRICES in RAMZAN. Etc.

1) MARKETING:
Now a days what the companies are doing to get a good name in the market and to take a place in customers mind is their marketing. Basically what they do is they make advertisements which they publish through T.V and banners. The issue in this strategy is that they are making advertisements which are just for the purpose of selling their products. As you can see Ufone is at its boom in ADS and they are directly targeting our youth. They are giving packages on phone calls, like night packages and Uth package. They are giving lowest call rates. When the customer makes a call the credit they charge is not according to the rate they shown in commercial. This is unethical in business because they are not following the rules n regulations.

2)PRICES IN RAMZAN:
Issue we mainly face in the holy month of Ramadan when the prices of basic food items are sky rocketing, the poor and needy people are unable to buy food for their families.

ETHICS

BAHRIA UNIVERSITY

3) PLAGIARISM:
The main issue in the business settings is the plagiarism; people working in corporate sector, public sector or anywhere often face this problem as some of their colleagues pick up their idea or their work and present to their supervisors and pretend it is done by them.