Sociology

Firstly I would like to discuss what business ethics is concerned about. Business ethics is the moral and the principles that an organization has to follow in the business world. There are many business ethics that a firm would follow such as general ethics as posed by the ruling government and other ethics such as ethics in production, sales, finance, human resources etc. the corporate ethics have become one of the study subject in this 21st century. I would say that good business ethics are an essential requirement of every firm for their long lasting and profitable business. One can do well by doing good.
       
I am in the management team of one of the Research Consultancys firm which investigates issues concerning business ethics for several years now. Many companies consult us in relation to the ethical issues pertaining to their business. We have reviewed their businesses and ethics concerned with their business. These reviews have proved as beneficial to the organizations and have improved their businesses.
       
A big business organization has contacted our Research Consultancy firm to build a material on the review of ethical issues concerning their business. Its a large production firm with around 10000 employees doing business over 15 years in different parts of the world. It has many shareholders who believe in this company for their successful over years. Their products are of good quality and are of high demand in the market. They have registered everything and their products are ISI marked. They have good management team which has proved to be the best in carrying out the tasks efficiently and effectively.
       
So now this business organisation wants to review their ethics concerning their business. This review is basically to make their mark in the corporate world for being good and uncorrupted. They want to build their ethical material and publish to make more business and profits.
       
So our management team in the Research Consultancy firm took the task of reviewing their business ethics. We did a complete study of their organization. After several studies we found we listed out the business ethics and suggested them to follow. The business ethics is as described below.
     
We suggested them what ethics they should follow in human resource department of their organization. The ethics in human resource is nothing but everything about employee- organization relationship. An employee is a resource of an organization, so he should be treated in good manner. He should be given healthy salary, benefits, offs and good incentives as per industry standards for his good work. He should be bonded labored and should not be treated as if he has been confined just for joining the firm. His family issues should be taken care of to some extent. His personal interests should not be neglected. He should not be treated like a slave but as a part of the organization. Women employees should be survived from being ill-treated or sexual harassed. There should not be any discrimination based on sex, caste, religion, race etc. The employer should be an equal opportunity employer. Profits should be sometimes shared with the employees as they are one responsible of company making profits. The disabled and the poorer class should be employed. But business people are best at making money than making social policy says Milton Friedman in his essay The social responsibility of business is to make profit.
       
Next we suggested about the ethics they should follow while production. When coming to the ethics in production, company or organization should always strive for quality. They must produce products of high quality. Their quality should match their price. There products should not cheat consumers of their belief. The company should get good reviews from the consumers about their products. Using resources which is illegal to produce will result in the exemption and confinement. Such activities should not be practiced as it is unethical in businesses. The organization should not steal other organization production ideas and products and mane as theirs and sell with eh idea of making huge products. Their products should be marked with their company logo and this logo should not be able to duplicate as the unauthorized sellers and buyers may make use of the logo on their poor products to make profits. This spoils the companys image in the public. They should notify the consumers when such a thing happens.
       
Their production should not harm the animal kind and the environment. Many companies cause environment pollution such as air pollution, water pollution etc. They may let chemical substances into water and harmful gases into air while production. They must take care of our environment from being and make earth base place live in. They must take care no harm is made to human health by their products.
     
Finally we suggested about ethics in sales and marketing, which involves much of advertising and media is forms a major part of business ethics. A good product needs no much advertising as people advertise it among themselves. The advertisements should not be false or scams. Company should always adhere to what they advertise. No much of media hype should be given. Media may create demand for the product and retaining the demand can only be done when the product is good quality. No gimmicks should be done while selling as this creates a bad impression. Sales strategy should be kept away from the instinct of making profits.
       
After much study about the ethics involved in human resources, production and sales and marketing and figuring out the ethical concerns of the company in its human resources, production and sales and marketing parts, our Research Consultancy firm finally drafted a paper on how this company can make profits by following the business ethics in human resources, production and sales and marketing parts of the organization.
       
The employees when well treated and they will trust the organization and give their best to the organization. The employees are the important resource of n organization. This ethic when followed an organization will definitely make profits. The employees compensated correctly for the work they have done will boost confidence in them and work hard for the company. They refer their friends and the companys image gets better among people in the society.  So is the case in the production of the organization.
     
The ethical values such as producing good quality goods and taking care of environment will definitely raise the companys value ethically in the business world. So when coming to sales and marketing, false advertisements, illegal marketing, bait and switch should not be involved. Good and healthy advertisements of good quality products yields good results was what we suggested to this company.  If the advertisements given by the company are true, consumer will be happier and trust the company and its products. This builds good relationship between the company and the consumer.
       
The company which gave us contract to review the ethics of their business welcomed our ideas. It obeyed each and every concept we had put forward regarding business ethics. As a part of the management team of our Research Consultancy firm, I felt privileged reviewing their business ethics. Companies around the world are concentrating on business ethics and business ethics has now become a subject of study. Earning well by doing good is the theme of the story.