Business Ethics and Ethical Dilemma
Dr. Suhasini Parashar
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Abstract
In the changing world of global competitive environment, the business and its ethics effect the
productivity, efficiency and gain. Business values and business senses which governed the business
matters in all types of business like manufacturing, services, large, small, extend the values to business.
The discretionary power and business sense increase the efficiency in production and the more cost
effective product produced. The changing world of Globalisation and Liberalization increases the
production through foreign capital and technological advancement for productivity and efficiency. The
main concern is to show the effect of ethical values in changing business environment for changes and
transformation in the production process and techniques for quality and technological advancement in
the product. Ethics does not carry ethical thing only, it makes business sense too with a set of moral
standards of people owning and managing business to enlarge the extent of market with loyal and
branded product. In this article, the focus is on business ethics and its dilemma for competitiveness which
effect the business behavior and social attitudes towards business, expose the rights and duties for
upliftment of the standard of living in the society. The dilemma effects the paradox of gain and
expenditure for business sense and values too.
Keywords: Business behaviour; Competitive pressures; Duties; Ethics; Rights; Social attitude; Values
References
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- Indian Economy, I.C. Dhingra 2014, Sultan Chand & Sons.
- Values and Ethics in Business, T.N.Chabra, 2017, Sun India Publications.
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- www.businessenvironment.com