The Importance Of Ethics And Responsibility Commerce Essay

The Importance Of Ethics And Responsibility Commerce Essay Ethics also known as moral is determined by the class of philosophy to addresses about morality i.e. concepts such as good vs. bad, right vs. wrong and matters of justice, love, peace and virtue. The term is used to indicate how individuals or organization choose to conduct themselves in relation to universal moral behavior and actions. Ethics involve choosing actions that are right and proper and just. The individual behavior can be right or wrong, proper or improper and the managerial or individual decisions can be fair or unfair. Ethics are vital in businesses and all aspects of living. The foundation of society is built on Ethics. Without ethical principles a business/society is bound to be unsuccessful sooner or later. Business Ethics look at ethical philosophy, moral or ethical problems and deal with issues concerning the moral and ethical rights, duties and corporate authority between a corporation and its shareholders, workers, clients, media, government, provider and dealer. Ethics are connected to all discipline of organization including accounting information, human resource management, sales and marketing, fabrication, logical belongings information and talent, global business and financial system. Social responsibility can be defined as the responsibility of the organisation to operate in ways that provides both its individual benefit like making a profit and also the benefit of its stakeholders- those people and groups who are affected in one way or another by the behavior of the organisation. For example, an industrial chemical plant has a responsibility not only towards its customers, but also towards the shareholders and the board of directors, and to those people who live in the surrounding area. This responsibility can be negative, meaning there is exemption from blame or liability, or it can be positive, meaning there is a responsibility to act beneficently. Lets take an another Example, in corporate company a chief executive make expenditures on reducing pollution beyond the amount that is in the best interests of the corporation or that is required by law in order to contribute to the social objective of improving the environment. There are lot many benefits to any or ganisation of being social responsible. First and foremost benefit to organization is that to ensure the customers, suppliers and the local community knows what you are doing. Publicity like this can be a key part of using CSR to win contracts. People want to buy from businesses they respect. Through this way your business reputation will be growing day by day and it encourage customers to stay with you and do business with your company. Compare and contrast the difference between ethics from a personal perspective to one established viewpoint of ethics from an organisational perspective. Personal perspective view of ethics Peoples lives are built on moral foundation of personal ethics. They support in conclusion making, guides people to contribute measures that can help to meet their inner moral principles. Ethics are used by people in solving problems in everyday life and also help for determining correct versus incorrect. Ethics are not absolute rules but they are developed during life based on range of factors. Defining personal ethics is a difficult venture for many people as they think their inner voice is all the ethical guidance they require. Perception plays a great role in what one finds ethical. By organisation view, ethics plays a vital role that defines the way of representation, way of talking, body language, attitude etc. The lack of personal ethics gives a negative response in managerial processes. For example, if a company is launching the product with risk taking, then the manager should be fully ensured with correct way of personal ethics, as the product may be failed to attract custo mer if marketing manager lacks in personal ethics. So, it is clear that personal ethics makes a man to take a right managerial decision. A standard way of understanding ethical decision-making is to understand the philosophical basis for making these decisions. People and organizations need each other. The written and unwritten codes of principles and morals that administer decisions and actions inside a business are known as Business Ethics. In the Corporate world, the organizations traditional sets principles for determining the differentiation involving excellent and dreadful judgment making and manners. Discuss four benefits and four disadvantages of social responsibility to an organisation. Benefits of social responsibility Providing good value for money If the management and workers of the organization are well social responsible for internal and external environment of the organization then it would result in best productivity and obviously the good image of the organization. The biggest power of the any organization among all resources is the human resource thats why if human resource is so well behaved with good ethical ways the value of any organization will be good enough. Broadening the futuristic concept of business If the organization is giving best output to the public demand satisfying their needs with latest trends and technology, it means that the business of the organization is good and as public response is excellent the organization would have better future aspects. This all happen due to the organizations social responsibility towards their employees and environment factors. Also workers stay longer if the business has high-quality status. For example, MC Donalds is giving best variety of food in hygienically manner, where all the perception of individual match such as price, food quality, taste etc. Their business is so good that we can find its outlet anywhere in the world. MC Donalds is popular because they are socially responsible to the environment and for their work. Good relationships with local authorities help doing business easier. Disadvantages of social responsibility towards organisation Everything has some prons and crons, similar to social responsibility where so many people argued on the benefits and disadvantages of social responsibility. First the most important is that the organization is running for profit maximization mostly, the social responsibility shows the fundamental misconception of the character and nature of a free economy. Business functions are moreover economic rather than social if come to the practical way and it is judged by economic criteria alone. This point of view comes to the employees mind most of the time leading to not to concentrate much in their work which automatically results in bad productivity. The role of corporation is to make a profit and maximize social welfare through the efficiency of the employees. In some cases where employees are not much social responsible for the organization than it would be very difficult for the managers or corporation to do the best out of the work and lead the group, resulting in bad image of the organization and bad internal environment There is the concern for the efficient use of national resources, because of social costs; profitability is not necessarily the best measure of effectiveness which affects the organization goal. Lack of interest of the employees towards social responsible in their business also not good for the organization Competency sometimes makes the stake holders to go beyond the limit forgetting their social responsibility that harm the nature and organization too. Being socially responsible costs organisations money, and sometimes the bill is huge. Therefore the organization think to do for profit maximizing rather than be social responsible. Discuss social responsibility barriers that inhibit an organisation Barriers that inhabit an organization Social responsibility has certain costs. Its not the natural thing to be responsible. Greed and selfishness work against social responsibility. When greed and selfishness become higher values, social responsibility goes out the window. One of the problems with our culture is that we worship wealth. People who have a lot of money are heroes to us and we strive to emulate them. We see wealth and power as an indicator of merit and virtue. But people who are rich and want to be richer, and corporate and industrial leaders whose jobs are to put the prosperity of their companies at the top of their priorities, often trivialize social responsibility, and this sets the tone for the whole culture. In social responsibility every individual in the organisation is not social responsible towards the work, it depends upon the people behaviour and motivation level within the organisation. Today every people think about wealth rather than social responsibility that they possess towards the organisat ion. This is the barrier in the organisation. For e.g.:- in an organisation if certain facility is lacking for the staff then staff will suffer and this management must be think which in reality they dont. This lacking of facility may affect the work out going on within the organisation. Flow of information in the organisation should be well enough to avoid any conflicts between the staff but it arises due to the problems that every employee are not social responsible. A vendor to the company first think towards the money he/she will get from doing particular kind of work.

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Urban Safari There are times when having a brother with twenty more years of age, experience, and wisdom, can adversely effect your credibility. This is especially true at nine years old. I found this to be the case one Christmas day many years ago when my brother Tom came home for the holidays. It appeared to be the start of a special Christmas, for my brother was coming to visit. I was even more excited than usual for a nine-year-old boy at this time of year. I wondered what new presents would be under the tree? In the past, Tom always got me such neat stuff. I could hardly wait to start shaking the gifts and guessing. As usual, I was up before dawn, tearing into my gifts with all the fervor with which the drowning seize life preservers. My folks, along with my brother, had now joined me in the gift-opening ceremony. Saving the best for last was out of the question; it was the gift from my brother that I tore into first. My dreams had come true. My prayers were answered. There it was, bigger and shinier than anything in the display case of any Western Auto store in the world. It was a B B gun. Finally, I had entered the ranks of the big kids. The prestige of such a gift! I anticipated the glory of shooting my first bird. This was truly a present for a twelve years old, maybe even a teenager. While reveling in my grandeur, I hadn't noticed that my Mother was watching with obvious disapproval. Apparently she had other plans for the B B gun. "You can't shoot that thing in the yard!" she barked. "You'll have to go to the riverbed." With those words, I was instructed to leave the B B gun under the tree with the less attractive presents. "You can open your other gifts now. Tom will watch you while we go visit Auntie Mabel, and don't forget, leave the B B gun alone," Mom ordered. No sooner than they were out the door my brother grabbed the gun and headed towards the back yard. "Where’re you going?" I asked. "To test your gun out before Mom and Dad get back" was his reply. I thought this was a grand idea. Our back yard was full of potential targets. My brother's first choice was two cases of empty mason jars my Mom used for canning fruit.

Litrature Review on Fii’s Impact on Indian Banking Sector

Women Empowerment in India Women empowerment in India is a challenging task as we need to acknowledge the fact that gender based discrimination is a deep rooted social malice practiced in India in many forms since thousands of years. The malice is not going to go away in a few years or for that matter by attempting to work at it through half-hearted attempts. Formulating laws and policies are not enough as it is seen that most of the times these laws and policies just remain on paper. The ground situation on the other hand just remains the same and in many instances worsens further. Addressing the malice of gender discrimination and women empowerment in India is long drawn battle against powerful structural forces of the society which are against women's growth and development. Women empowerment in India: The need for ground level actions We have to accept the fact that things are not going to change overnight but because of this we cannot stop taking action either. At this juncture the most important step is to initiate ground level actions however small it might seem. The ground level actions should be focussed towards changing the social attitude and practices prevalent in the society which are highly biased against women. This can be initiated by working with the women at the root level and focusing on increasing women's access and control over resources and increasing their control over decision making. Further working on the aspect of enhanced mobility and social interaction of women in the society would positively influence all round development and empowerment of women in India. Women empowerment in India: Reality check at the ground level Today there are lot of things that is happening in the name of women empowerment in India and lot of resources are spent in this direction. Keeping this in mind it is crucial to have a reality check on what is happening on paper and what is the actual ground situation. It is worthwhile to ponder on the fact that we are one of the worst in terms of worldwide gender equality rankings. In India women are discriminated and marginalized at every level of the society whether it is social participation, economic opportunity and economic participation, political participation, access to education or access to nutrition and reproductive health care. A significant few in the society still consider women as sex objects. Gender disparity is high, crimes against women are increasing and violence against women is all time high and in most cases go unreported. Dowry related problems and death is increasing and is profoundly manifesting in the urban population. Workplace harassment of women is another phenomenon which is rapidly increasing as more women join the workforce. Early age marriages are still taking place in large numbers and the number of girls going to school is abysmally low. Moreover majority of the girls who join the school drop out by the age of puberty to get married and live a life of drudgery. Female feticide and infanticide is starring the nation as one of the biggest social crisis. All this is happening despite the fact that there are number of programmes and policy initiatives that is being run by the government and other bodies. The year 2001 was declared as the National policy for empowerment of women. So it is time to ask the question whether we are moving in the right direction and where are we in terms of the paper actions and the actual ground realities. Women empowerment in India: Discrimination against women in all walks of life One of the major aspects of women empowerment in India is to change the attitude of society towards women. The problem in India is that the society never worked on the premise of gender equality from a long-long time. Atrocities and discrimination against women is a way of daily life in Indian society. There is an attitude which still prevails in India where women are considered to be only worthwhile of household activities and managing the children. The veil system, child marriage and dowry are testimonies to this truth. Women have never been part of the mainstream society in India and they are still considered as a great liability. If we just look at the sex ratio it will show the plight of women in India. It is the lowest at around 933. Female literacy is just 54. 6 % as per 2001 Census. In Indian parliament and assemblies women have never represented more than 10%. Most of the women workers in India are outside the organized sector. Administrators, managers, professionals combined together and technical workers on the other hand are the lowest at 2. 3% and 20 % respectively. Now these figures gives the real truth of the actual mentality of the society which has restricted women, marginalized w omen and discriminated against women quite openly. Can we achieve women empowerment in India with these alarming and dismal figures? djustments and sharing of gender based specific performance or tasks which are Women empowerment in India: Ending gender inequality and gender bias It has to be understood that unless we change the basic social attitude which cultivates gender inequality and gender bias we would not be able to achieve much in terms of women empowerment in India. There are many laws and there have been many amendments that have been carried out to end the discrimination against women and empower women in all aspects of life. Gender equality is enshrined in Indian constitution and constitution empowers the state to end the gender based discrimination against women. There is reservation of seats in local bodies and municipalities and another law is being envisioned for reservation in parliament. But the sad part is that all these laws and amendments have become toothless as the fundamental problems lies in the attitude of the society which is highly biased against women. Now what is the solution? The only solution is for women to come together as a unifying force and initiate self empowering actions at the ground level. Let it happen even if it is at a slow pace initially but it must happen despite however small the initial steps might look like. So the connection is very clear. Once we work towards self empowerment through small number of infinite actions, we become aware of the ground realities and then we can think about taking further recourse towards changing the mindset of the society which fosters gender inequality and bias. When we talk about women empowerment in India the most important aspect that comes into the mind is the attitude of the society towards women. Women are still considered as burden and liabilities. They are also considered as properties. These kinds of attitudes give birth to the evil of violence against women. Women empowerment in India is not possible unless violence against women is eradicated from the society. National Commission of women was created in 1992 and Convention of elimination of all forms of discrimination against women was ratified in 1993. Apart from the laws and policy formulations the violence against women can be only tackled through attitudinal change that need to take place in the family, in the society and the female members of the society as well. Only this attitudinal change and proactive action against violence by every single individual will help in galvanising the slumbering structures of the government and society towards further concrete steps and action. Unless society accepts gender equality as a fundamental principle of human existence all efforts will only partially bear results. Gender sensitisation and gender training is primary need of the hour. The struggle of gender equality should be carried at every level and it should overcome the barriers of caste, class, race and religion. RIDDLES 1. There is a bus full of people travelling over San Francisco and no one gets off the bus throughoutthe journey. But when it gets to the other side there is not a single person left. How is thispossible? A. They are all married. 2. How do you fit ten horses (pictures. All seperate pictures. ) in 9 boxes? A. One letter for each stable. [T][E][N] [H][O][R][S][E][S] 3. What can keep you alive but kill someone else? What can let you have fun but can take you away? A. The sea 4. What is seven lettersis greater than god more evil than the devil a homeless person has it a wealthy person needs it what is it? A. splinter 5. figure out if you can read this or not Yy u r Yy 4 me u b i c u Yy 4 me A. to wise you are to wise for me you be I see you to wise for me 6. there is 3houses the red house is next to the white house and the white house right of the red house the blue house is next to the white house. wheres the white house at? A. this is not only a trick question it can be a normal question the white is in the middle and washington d. c/ in the riddle you can always trick to person you told it to if they think its a normal question and say in the center or middle u can say was

The Causes Of Prejudice By Vincent N. Parrillo - 1209 Words

Human equality has always been an issue in every part of the world. Prejudice, discrimination and stereotypes have been passed on from one generation to the next. The Society has accepted these behaviors to be normal and acceptable. According to the article, â€Å"Causes of Prejudice† by Vincent N. Parrillo, there are two types of prejudice; psychological and sociological. Psychological prejudice focuses on individual behavior, where as sociological is focused more on a group. Psychological Prejudice is based on an individual’s behavior and occurs when an individual thinks and acts certain ways that can positively or negatively affect someone else. I believe that both Causes of prejudice are important, however in my opinion sociological prejudice can harm not just an individual but certain race or group of people. Therefore, sociological prejudice can be very damaging because these are beliefs that have been passed down from generation to generation in a form of a disc rimination, and stereotypical behavior. Discriminating behaviors can affect every single race. However, African Americans have been the targeted group for generations, from slavery to segregation, hatred to racism, and so much more. It all started in 1619, when the first African slaves arrived in Virginia and lived in slavery for over 200 years. In 1865 the 13th Amendment to the constitution was ratified, which prohibited slavery in United States (African-American History Timeline). A great example ofShow MoreRelatedEssay on The Causes of Prejudice by Vincent N. Parrillo850 Words   |  4 Pages Prejudice is known for negative beliefs and actions upon individuals or even groups of people. In the article, â€Å"Causes of Prejudice† by Vincent N. Parrillo, Parrillo talks about both the psychological and sociological causes of prejudice but in this particular essay we will just be focusing on the former side of the equation. It happens at the cognitive level of prejudice where a person or a group of people believe i n something that is not true. For example, some people say Asian people are notRead MorePrejudice : A Sociological Perspective Of A Person857 Words   |  4 Pagesprejudicial attitudes pass on from one generation to another. The primary cause of prejudice is a sociological perspective of a person under predominance of the socialization process, economic competition, and conforming to social norms. According to â€Å"Causes of Prejudice† by Vincent N. Parrillo, the influence of families or communities could lead a person to develop prejudicial behaviors. Socialization process is a social force that causes prejudicial attitude to develop from one person to another. In socializationRead MoreThe Myth Of The Melting Pot1352 Words   |  6 Pageslot of prejudice between social, religious, and national aspects around the world. Let’s us consider whether or not the melting pot truly works in both countries or if it is just a myth? First of all, let us try to understand what it means to be prejudice. The dictionary defines prejudice as unreasonable feelings, opinions, or attitudes, especially of a hostile nature, regarding an ethnic, racial, social, or religious group. According to the article â€Å"Causes of prejudice† by Vincent N. Parrillo prejudicial