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VOL. 7, ISSUE 4 (2025)
Addressing unethical practices in business organisations: Need of the hour
Authors
Santosh Kumar Raut
Abstract
Addressing unethical practices in business organisations is need of the
hour. The principles of ethical reasoning are useful tools for sorting out the
good and bad components within complex human interactions. Accordingly,
relevance and need of business ethics is unquestionable in the present times.
Business ethics is the study of right or wrong in business. The main reasons
for this are the power and the influence of business in any given society is
stronger than ever before. Businesses have become a major provider to the
society value, in terms of jobs, products and services. Business collapse has a
greater impact on society than ever before and the demands placed by the firm's
stakeholders are more complex and challenging. This has been experienced at the
time of the collapse of Sathyam Computers, the Sahara issue, the Kingfisher
case, etc. Only a handful of business giants have had any formal education on
business ethics but there seems to be more compromises these days. Business
ethics help us to identify the benefits and the problems associated with the
ethical issues within the firm and business ethics is important as it gives us
a new light into the present and the traditional view of ethics In
understanding the right and wrongs in business ethics, injected morality that
is concerned with the norms, values and beliefs fixed in the social process
which helps right and wrong for an individual or social community. Against this
background, the present paper tries to focus upon the contemporary scenario of
business organisations where ethics has got much more importance than ever due
to failure risk.
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Pages:59-64
How to cite this article:
Santosh Kumar Raut "Addressing unethical practices in business organisations: Need of the hour". International Journal of Commerce and Economics, Vol 7, Issue 4, 2025, Pages 59-64
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