Skip to main content

Are you convinced about the need for business ethics? Give reasons for your answer.

Business ethics, being part of the larger social ethics, has always been affected by the ethics of the epoch. At different epochs of the world, people, especially the elites of the world, were blind to ethics and morality which were obviously unethical to the succeeding epoch. History of business, thus, is tainted by and through the history of slavery, history of colonialism, and later by the history of the cold war. The current discourse of business ethics is the ethical discourse of the post-colonialism and post-world wars. The need for business ethics in the current epoch began gaining attention since the 1970s. Historically, firms started highlighting their ethical stature since the late 1980s and early 1990s, as the world witnessed serious economic and natural disasters because of unethical business practices. The Bhopal disaster and the fall of Enron are instances of major disasters triggered by bad corporate ethics. It should be noted that the idea of business ethics caught the attention of academics, media and business firms by the end of the overt Cold War. Cold wars, seen through pages of history, were fought through and fought for American business firms abroad. Ideologically, promotion of firms owned by American nationals were presented as if they represented freedom, and local resistance against the excess of American firms were labelled as communist upraising sponsored by the Soviet Block. Further, even legitimate criticism against unethical practice of firms was presented as if it were infringement into the "freedom" of the entrepreneurs by activists backed by communist totalitarians This scuttled the discourse of business ethics both in media and academia. Overt violence by business firms has decreased to a great extent in the democratic and media affluent world of the day, though it has not ceased to exist. The war in Iraq is one recent examples of overt violence by corporations.

Comments

Popular posts from this blog

What is the responsibility of business towards society? Why is social responsibility at a low pitch in India?

Responsibility of business towards society
A society consists of individuals, groups, organizations, families etc. They all are the members of the society. They interact with each other and are also dependent on each other in almost all activities. Thus, it has certain responsibilities towards society, which may be as follows:
to help the weaker and backward sections of the societyto preserve and promote social and cultural valuesto generate employmentto protect the environmentto conserve natural resources and wildlifeto promote sports and cultureto provide assistance in the field of developmental research on education, medical science, technology etc.
In other words, the responsibility of business towards society are:
Protection of environment.Better living conditions like housing, transport, canteen, crèches etc.Promotion of sports and culture.Opportunity for better career prospectsRegular supply of goods and servicesProper working conditions and welfare amenitiesGoods and services at…

Explain the meaning, relevance and features of the Competition Act, 2002.

In 1969 Govt. has passed an act and it had given the name monopoly and restrictive trade practices (MRTP). It became popular with the name of MRTP 1969. This act has many provisions to control the monopoly and to promote the competition. It has defined RTP and also explained the powers of MRTP commission. But its scope was very narrow and Govt. of India has made new act called competition act 2002. On the place of MRTP ACT 1969 after this MRTP act 1969 was fully repealed.

Explanation of Competition Act 2002
Competition Act 2002 states that Indian traders must not do any activity for promoting monopoly. If they will do any activity in the form of production, distribution, price fixation for increasing monopoly and this will be against this act and will be void. This act is very helpful for increasing good competition in Indian economy.

Under this act following are restricted practice and these practices are stopped by this act.
Price fixing: If two or more supplier fixes the same price…

How is data and message security ensured in e-business?

The data and message security ensured in e-business via:

Encryption: This technology deploys a public key and a private key infrastructure to ensure security. The public key can be distributed but the private key remains only with the user and the service provider. So, it works just like the username and password system of your e-mail account.Digital signatures: This technology requires a recipient’s password to decode the encrypted data. The sender’s authentication gets confirmed through a digital certificate, issued by credible authorities such as Verisign and Thawte.Secure socket layers (SSL): This process involves both public key and digital certificate technologies to ensure privacy and authentication. To initiate the process, a client asks for authentication from the server, which is done through a digital certificate. Then, both the client and server design session keys for data transfer. The session will expire following any modification or prolonged period of inactivity.Firewa…