A Study on Influencing Factors and Challenges of Ethics in Business in Indian Context

J Mishra - Management Journal for Advanced Research, 2023 - mjar.singhpublication.com
J Mishra
Management Journal for Advanced Research, 2023mjar.singhpublication.com
In order to survive and grow in the market, moral values are one thing which must be taken
into consideration along with the vision set up by Organization. From a business point of
view each and every organization tries to achieve the main goal, which obviously is to
'maximize the profit'. But while doing so these organizations should also consider their
moral, ethical and social obligations. Business ethics refers to the principles, values, and
moral standards that guide the behavior and conduct of individuals and organizations within …
Abstract
In order to survive and grow in the market, moral values are one thing which must be taken into consideration along with the vision set up by Organization. From a business point of view each and every organization tries to achieve the main goal, which obviously is to ‘maximize the profit’. But while doing so these organizations should also consider their moral, ethical and social obligations. Business ethics refers to the principles, values, and moral standards that guide the behavior and conduct of individuals and organizations within the business environment. As economies evolve and global markets expand, the role of ethical behavior in business becomes increasingly important. Ethics support indirectly to the growth of the Organizations. In this era of sustainability, ethics is the power in the hands of organizations to achieve sustainable practices.
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