Principle of Management/Management ppt Complete Notes/Business Studies

#Food stalls in #LPU

#Food stalls in #LPU

                     Business Ethics can be described as the systematic                            study of  moral and ethical.  
                          
                    Ethical Issues are those issues that are related to                                beliefs about what is right or wrong.
                     
                     Unethical issues means a situation Forcing                                        alternatives on a entity seeking ethical behavior.                         

             ETHICAL AND UNETHICAL ISSUES IN HR, MARKETING AND                       FINANCE
              

     Human resource means the collection n of people and their               characteristic at work.These are distinct and unique to an                  organisation in Several ways.

              Ethical and Unethical issues faced by HR

    The Most significant part business life is associated with the            relationship between HR and Ethics. It plays an vital role in              organization.All the organisational issues or problems, are the          most difficult ones to handle or deal with.

•      Employment Issues. 
•      Employees Discrimination.
•      Performance Appraisal.

         Unethical behavior Creates an environment of conflict within           the organisation and  harm organisational culture and reduces           the employees, commitment and motivation.It is related with           the personal characteristics of the individual working in an               organisation. HR in organisation faces a serious challenges in          their daily life.

                       Ethical and Unethical Issues of  Marketing

  

          Marketing is the action or business of promoting and selling            product or services including market research and Advertising          it is also the business process of creating relationships with              and satisfying customer. 

       Ethical issues in marketing arise from the conflict and lack of           agreement on particular issues .Parties involved in marketing           transcript have a set of expectation about how the business               relationship will take shape and how the various transactions           need to be conducted.It arises from the conflicts and lack of             agreement on particular issues.

• Emerging problem in Market Research.
• Ethics in Advertising and Promotion.
• Pricing Ethics.             

       Unethical issues faced by Marketing is misleading advertising        which means not obey the rules and regulation and against the          law.Marketing department while going through the advertising,        sometime they provide falls information to the buyers about            their goods and quality.

        ETHICAL AND UNETHICAL ISSUES IN FINANCE

       Finance is  define as the management of money and includes           activities like investing borrowing lending budgeting saving             and forecasting.There are three main types of Finance first               personal second corporate and third public/ government.

      The Ethical issues in finance is the implication of ethical                  behavior based on the principles of seeking lead to a                        professional approach and financial institution as well as at              their executive leaders and their employees. The ethical issues          in finance are misappropriate of assets,disclosure                              violations,accuracy,transparency.

       The unethical practices in accounting are more in proprietary,          partnership and Private Limited companies. It is at lower level          in private limited companies and multinational companies. It            refers to the business and industry which need money and the          requirement of fund may be long-term, medium-term and                short-term.

• Deliberate abnormal done in payment
• Delay in paying wages ,interest to financiers.
• Cheating Employees of their dues towards medical expenses.

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