ETHICS

Restricted Business Ethics

Restricted Business Ethics

Introduction

In today's era, the globalization has increased to the great extent. The competition among the countries has also increased. In order to cope up with the increased competition in the business environment, the companies are required to perform with great efficiency and effectiveness. The overall success of the organization depends upon many factors. The companies are required to develop and implement such strategies and approaches that guarantee the success and growth of the organization. The companies that manage their internal environment with great effectiveness have direct and significant impact upon overall performance of the companies.

The organizations that carry out business activities while keeping in view many aspects of business ethics under consideration, tends to have better customers' support and loyalty. The business management managers and their significant activities play necessary role in the development of effective corporate strategy that further assists in the respond of challenges that are given by other competitors in the market. In carrying out various types of business activities, the organizations are necessary to consider various ethical issues. The ethics refers to the moral standards that are based on the judgments of right and wrong. In business management practices, the ethical considerations necessitate the business operations managers to carry out right things and activities that can meet the terms with the corporate social responsibility. The ethical decisions and strategies should be developed and implemented keeping in view the needs and requirements of the customers, suppliers, stakeholders and other business partners. In today's modern era, the level of competition has increased among the competitors in the industries. In order to attain as to well as to retain the competitive position in the market, most of the organizations are developing and implementing unethical marketing strategies and practices in order to get the highest of market share and the customers' attentions. Similarly there are various activities that are being carried out by the organizations and that are becoming the source of ethical failures of the organizations.

The following section aims at discussing in detail about the literature review relating to the topic that what are the factors that affect the entrepreneurial performance of business schools.

Discussion

The issues of ethical marketing and social responsibilities are growing in the current business situation due to the increase in globalization and the changing industry trends. The organizations have become more profit oriented and they are inclined to abandon and infringe various ethical issues in order to attain the competitive position among the competitors in the market. However, there are also a lot of organizations that, in order to obtain the concentration of the customers and a variety of investors implement sure ethical practices in their marketing practices and in the corporate social responsibility strategies. The organizations that implement ethical advertising practices and ethical social responsibility accomplish long term market growth and high level of target customers among the competitors.

The business environment is the composition of the business and the environment. The word business demonstrates how the organization functions its business ...