A. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behaviour employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behaviour with non-economic concerns.
B. Ethical behaviour and corporate social responsibility can bring significant benefits to a business. For example, they may: attract customers to the firm’s products, thereby boosting sales and profits. It makes employees want to stay with the business, reduce labour turnover and therefore increase productivity.
C. Related issues include governance; corporate; political contributions; legal issues such as the ethical debate over introducing a crime of corporate manslaughter; and the marketing of corporations’ ethics policies.
D. It attracts more employees wanting to work for the business, reduce recruitment costs and enable the company to get the most talented employees and also attract investors and keep the company’s share price high, thereby protecting the business from takeover.
E. Business ethics is also known as corporate ethics, a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has both normative and descriptive dimensions.
F. Ethics concern an individual’s moral judgements about right and wrong. Decisions taken within an organization may be made by individuals or groups, but whoever makes them will be influenced by the culture of the company.
G. The decision to behave ethically is a moral one; employees must decide what they think is the right course of action. This may involve rejecting the route that would lead to the biggest short-term profit.
H. Business ethics reflects the philosophy of business, one of whose aims is to determine the fundamental purposes of a company. If a company’s purpose is to maximize shareholder returns, then sacrificing profits to other concerns is a violation of its fiduciary responsibility.
A. along with labor-intensive services, such as tourism, forming the backbone. Second, India’s farms need to double their rate of productivity growth rate in order to bring farm yields in line with those in other emerging Asian countries.
B. our research suggests, 36% of the population could remain below the Empowerment Line in 2022 and 12% would remain trapped in extreme poverty. But by focusing on job creation, higher productivity and improved delivery of services,
C. but its impact on poverty reduction was limited by leakage, wastage or ineffectiveness. By contrast, almost three-quarters of the reduction in India’s Empowerment Gap during this period came from jobs and productivity growth. Without major reforms,
D. For this, three pillars are essential: first, India needs to add another 115 million non-farm jobs over the next decade, with the manufacturing and construction sectors,
E. India can reduce the population below the Empowerment Line to 7% and extreme poverty can be virtually eradicated by 2022.
F. Our research finds Indian households, on average, lack access to 46% of the basic services they need, and the extent of their deprivation varies across districts. From 2004-05 to 2011-12, public spending on basic services rose faster than GDP,