Business Ethics in Respect of Bangladesh Essay

bank line ethicsSocial responsibility requires individuals engaging in lineage endeavors to wear in an respectable manner. morality are principles of behavior that distinguish between serious and wrong. Ethical conduct conforms to what a group or society as a whole considers right-hand(a)ly behavior. People working in melody ofttimes face estimable questions. telephone line ethics is the paygrade of blood line proceedivities and behavior as right or wrong. Ethical standards in traffic are base on commonly accepted principles of behavior ceremonious by the expectations of society, the firm, the industry, and an individuals personal values. almost lineage leaders realize their firms disregardnot succeed without the curse of customers and the good allow for of society. A violation of ethics makes trustfulness and goodwill difficult to maintain. In thousands of companies, administrators and employees act fit to the highest honest standards. Unfortunately manager s in some firms be own unethically, and these instances are often highly publicized. Personnel executive say the major reason managers behave unethically is to obtain power and money.Business Ethics- Practice in BangladeshIn Bangladesh, though normal of Business ethics is liquid not so commendable in public sector and small companies, but business ethics has been an increasing concern among larger companies, at least since the 1990s. Major corporations increasingly fear the footing to their image associated with press revelations of unethical practices. The following selective information well-nigh the functions relating ethics and social responsibility of a reputed company of our country will give a brief idea approximately the practice of Business Ethics in BangladeshUnilever Bangladesh LimitedOver the in conclusion four decades, Unilever Bangladesh has been constantly bringing new and knowledge base class products for the Bangladeshi people to remove the passing(a) drudge ry of life. Over 90% of the countrys households use one or more of Unilever products. They set well-nigh to give everybody a little something to celebrate about themselves every day. They believe that to succeed in business, it is necessary to maintain the highest standards of corporate behavior towards everyone they work with, the communities they touch, and the surroundings on which they have an impact.Ethical Approaches Effective compute of business principles Their code of business principles describes the operational standards that everyone at Unilever follows, wherever they are in the world. It also supports their burn down to governance and corporate responsibility. Code of business principles are- stock of conduct, Obey the law, employees, consumers, shareholders, business partners, community involvement, public activities, the purlieu, innovation, competition, business integrity, conflict of interest, compliance, reporting, monitor. Women Development and Women Empowe rment Unilever strongly believes in the importance of empowering women in Bangladesh, because the progress of any society will be constrained if a meaning(a) part of its population is neglected and excluded from the benefits of development. They believe, with economic and educational empowerment, women can become more vocal about their rights and become stronger in withstanding repression in any form. So they have established Fair & Lovely entry. The mission of this foundation is to encourage economic empowerment of Bangladeshi women through information and resources in the areas of Education, life story and Enterprise. It is this realization that has brought about the Fair & Lovely mental home Scholarship Program. Under this scholarship scheme, women who have passed their HSC each(prenominal) receives a Taka 25,000scholarship to support her tertiary level education. wrong Approaches Unilever produces Fair & lovely fairness cream, lotion, etc and they claim that skincolor will be white after using this product. leadd that it is not true. There are noscientific values about whiteness. This is totally unethical performance inmarketing activities of this company.Managing or advance Ethical BehaviorManaging the monetary operations of a company can be a colonial effort. Companies need to balance their desire to grow with the realities of maintaining their financial relationships, satisfying their investors and making a profit. Government Regulations The regime can do so by legislation more stringent regulations. But, rules require enforcement and when in galore(postnominal) cases there is evidence of lack of enforcement even the ethical business person will tend to shift something by without getting caught. Increased regulation may help, but it surely cannot solve the entire business ethics problems. Trade Associations Setting Guidelines Trade associations can and often do provide ethical guidelines for their members. These organizations indoors pa rticular industries are in an excellent smirch to exert pressures on members that stoop to questionable business practices. Companies Providing Code of Ethics Employees can more intimately determine and adopt acceptable behavior when companies provide them with a code of ethics. Such codes are maybe the most effective way to encourage ethical behavior. A code of ethics is a pen guide to acceptable and ethical behavior that outlines identical policies, standards and punishments for violations. Because employees know what is expected of them and what will happen if they erupt the rules, a code of ethics goes a farsighted way towards encouraging ethical behavior. However, codes cannot possibly round top every situation. Companies mustiness also create an environment in which employees recognize the importance of complying with the written code. Managers must provide direction by fostering communication, actively modeling and encouraging ethical decision making, apart(predicat e) from investing in training employees to make ethical decisions. Whistle Blowing Technique Sometimes, even employees who want to act ethically may find it difficult to do so. Unethical practices can become ingrained in an organization. Employees with high personal ethics may because take a controversial step called let the cat out of the bag blowing. Whistle blowing is informing the press or regimen officials about unethical practices in an organization. Whistle blowing could have averted disaster and prevented needless deaths in the Challenger blank shuttle disaster, for example. How could employees have known about heartrending problems and let them pass? Whistle blowing on the another(prenominal) hand, can have serious repercussions for employees those who make waves sometimes lose their jobs.ConclusionThe main objective of business is to serve people with their every need for the well-being of human being and to ensure that, there is no alternative of following business ethics. Since he practice of business ethics in our country is still not ubiquitous, we are not getting the proper environment for the business, and thus often we are confront some crisis situation and it is hampering our total economic development. Our policy makers and the top executives of the organizations should give more concern in making ethical policies and take proper travel to encourage business executives and service holders to follow them.