Ethical and unethical Issues in various Disciplines of management like HR,finance and marketing.
Ethics in HR:
Ethics in HR indicates the treatment of employees with ordinary decency and distributive justice.The ethical business contributes to the business goals as the employees will feel motivated and they will work with efficiency and effectiveness.
Ethical behavior and corporate social responsibility can bring significant benefits to a business.For example;
WHY BEING ETHICAL IS IMPORTANT?
1.Attract customers to the firm'products,which means boosting sales and profits
2.Make emlpoyee want to stay with the business,reduce labour turnover and therefore increase productivity.
WHAT IS UNETHICAL IN BUSINESS?
Unethical behavior is an action that falls outside of what is considered morally right or proper for a person,a profession or an industry .Individuals can behave unethically as can businesses,professionals and politicians.
Ethical Issue in HR:
1-Employee Responsibility
2-Cash and compensation plan
3-Performance appraisal
4-Privacy issue
5-Race and Disability
6-Safety and Health
7-Employment issue
8-Restructuring and Layoffs
Unethical issue in HR:
1-Using child labour
2-Exploiting child labours market
3-Increasing work stress
4-Longer working hours
5-Unfair allocation of pay and benifits
6-Not providing the proper environment
7-Biased opportunity in promotion
Roles of HR in Promoting Ethics:
1-Improves recruitment policy that is identification of the recruitment needs
2-improves recruitment and selection policy
3-selection in planned manner
4-Avoid illegal question
Ethics in Finances:
Ethical in general is concerned with human behavior that is acceptable or "right" and that is not acceptable or "wrong" based on conventional morality.General ethical norms encompass ,truthfulness,hones ho, integrity and justice. Financial ethics is therefore,a subset of general ethics.
Ethical issue in Finance:
1-Saving and Credits banks
2-Investment banks
3-Financial companies and fund managers
4-Conflicts of interest
5-Managing people
6-Insurance companies
7-Legal liability
Unethical issue in Finance:
1-Eliminate the carried interest tax provisions
2-Effectively cap tax deductibility of excessive executive compensation
3-Raise the holding period for gains considered long term
4-Eliminate unlimited retirement contribution for the wealthy only
Ethics in marketing:
Marketing management is the process of developing strategies and planning for product or service,advertising,promotion sales to reach desired customer satisfaction.
Ethical issue in marketing:
Ethical marketing decision and effort should meet and suit the needs of customers,supplies and business partners.
1-Delivery channels
2-Market audience
3-Ethics in advertising and promotion
4-Anti competitive practices
5-Using ethics as a marketing tactics
6-Pricing Ethics
Unethical issue in marketing:
1-Misleading advertisement with false claims
2-Emotional exploitation
3-Contacting people without their knowledge
4-Misleading information
5-Misinterpretation service
6-False promises
Unethical issues observed
In Recent times not adhering to ethics have lead to drastic events the business worlds. Some of the events are
Apple Slowed iPhones performance
the company purposely slowed down old models when a new version came out to make consumers to upgrade to new version. currently apple is facing lawsuits for allegedly slowing down the performance without first warning its consumers and offered battery replacements at $29 instead of the $79.
