Business ethics

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 ethics originate from individuals, organizational statements or from the legal system. These norms, values, ethical, and unethical practices are the principles that guide a business. They help those businesses maintain a better connection with their stakeholders
Business ethics refers to contemporary organizational standards, principles, sets of values and norms that govern the actions and behavior of an individual in the business organization. Business ethics have two dimensions, normative business ethics or descriptive business ethics.

Finance

Fundamentally, finance is a social science discipline.The discipline borders behaviroul economics, sociology, economics, accounting and management. It concerns technical issues such as the mix of debt and equity, dividend policy , the evaluation of alternative investment projects, options, futures, swaps,  and other derivatives, portfolio diversification and many others. Finance is often mistaken by the people to be a discipline free from ethical burdens.

Human resource management

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Human resource management occupies the sphere of activity of recruitment, selection, orientation, performance appraisal , training and development, industrial relations and health and safety issues. Business Ethicists differ in their orientation towards labor ethics. Some assess human resource policies according to whether they support an egalitarian workplace and the diginity of labour.

Issues including employment itself, privacy,compensation in accord with comparable worth, collective bargaining (and/or its opposite) can be seen either as inalienable rights or as negotiable. Discrimination by age (preferring the young or the old), gender/sexual harrasment, race, religion, disability, weight and attractiveness. A common approach to remedying discrimination is affirmative action.

Management strategy

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Among the many people management strategies that companies employ are a "soft" approach that regards employees as a source of creative energy and participants in workplace decision making, a "hard" version explicitly focused on control and THEORY Z that emphasizes philosophy, culture and consensus. None ensure ethical behavior. Some studies claim that sustainable success requires a humanely treated and satisfied work place.

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