Posts

Current Ethical and Unethical issues in discipline of Marketing.

Image
Marketing Marketing is the study and management of exchange relationships. Marketing is the business process of creating relationships with and satisfying customers. With its focus on the customers, marketing is one of the premier components of business management. The activity, set of institutions, and processes for creating, communicating,delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. In other words The action or business of promoting and selling products or services, including market research and advertising. Ethical Issues of Marketing Markets present a clash of interest between various players. There is competition for resources, customers and price etc...which breeds ground for activities that may not get ethical sanctions. in such scenario there are bound to be multiple players and a clash is inevitable. Such clash leads to malpractices like hoarding, price competitions, brand wars, and use un

Current Ethical and Unethical issues in discipline of Human Resource Management (HRM), Finance.

Image
Ethics Ethics are moral principles that govern a person's behaviour or the conducting of an activity. The word Ethics stem from the greek word ethike which attribute to a social environment referred to a social environment referred to as ethos or social millieu, or we can say the general word Ethics means what is right to do and what is wrong to do. Ethics  or  moral philosophy  is a branch of  philosophy  that involves systematizing, defending, and recommending concepts of right and wrong  conduct. Ethics is concerned with what is good for individuals and society and is also described as moral philosophy. Business Ethics Business ethics  (also known as  corporate ethics ) is a form of  applied ethics  or  professional ethics , that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.  These eth