Article about ethical and unethical issues in discipline of management like HR,Management and Finance

Ethical and Unethical Issues In Disciplines Of Management Like HR.Finances and Marketing

What is Business Ethics, 

Business ethics is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.

Ethical and Unethical Business,

Unethical behavior : can be defined as actions that are against social norms or acts that are considered unacceptable to the public.

Ethical behavior is the complete opposite of unethical behavior. Ethical behavior follows the majority of social norms and such actions are acceptable to the public

Ethical and Unethical practices in disciplines of management like in

• HRM
• Finance
• Marketing

HRM

Human resource management is a management function that helps manager in plans,recruitment,selection,training,development,

remuneration,and maintaining the members of organisation.

Ethical issues in HR

Employee Responsibility: HR professionals are likely to face maximum ethical dilemmas in the areas of hiring of employees.

Cash and incentives plans: Cash and incentive plans include issues like basic salaries, annual increments or incentives, executive perquisites and long term incentive plans.

Employees discrimination: A framework of laws and regulations has been evolved to avoid the practices of treatment of employees on the basis of their caste, sex, religion, disability, age etc. 

Performance Appraisal: Ethics should be the basis of performance evaluation. Highly ethical performance appraisal demands that there should be an honest assessment of the performance and steps should be taken to improve the effectiveness of employees. 

Restructuring and lay offs: Restructuring of the organization's often result in layoffs and retrenchments. This is not unethical, if it is conducted in an atmosphere of fairness and equity and with the interests of the affected employees in mind. If the restructuring company requires closing of the plant, the process by which the plant is chosen, how the news is to be communicated and the time frame for completing the layoffs is ethically important.

Unethical issues in HR

Abusive behavior : Too many workplaces are filled with managers and supervisors who use their position and power to mistreat or disrespect others. Unfortunately, unless the situation you're in involves race, gender or ethnic origin, there is often no legal protection against abusive behavior in the workplace.

Misusing company time : Whether it is covering for someone who shows an update or altering a time sheet , misusing company time top list . This category includes knowing that one of your worker is receiving personal business during company time.

Employee theft : According to recent study by Jack Hayes International, one out of every 40 workers in 2012 was caught stealing from their employer. Employee fraud is also on the uptick ,whether its checking ,tempering, not recording sales in order to skim etc.

The FBI recently reported that employee theft is the fasting growing crime in the U.S today.

Lying to employee : The bad way to lose the believe of their your employee is to lie them. Yet , workers do it all the time. One of out of every 10 employee report that their manager and supervisor had lied to them within the past year.

Marketing

Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Ethical issues in marketing

• Market Research
• Market audience
• Ethics in advertisement and promotion
• Delivery channels
• Deceptive advertising and ethics
• Anti competitive practices
• Using ethics as a marketing tactics

Unethical issues in Marketing

• Making false, unaggerated, or unverified claims'
• Distortions of facts to mislead or  confuse potential buyers.
• Sad mouthing rival product.
• Using fear tactics.
• Exploitation
• Spamming
• Plagarism of marketing message
• concealing dark sides or side effects of product and services

Finance 

  Finance is a term for matters regarding the management, creation, and study of money and investments. Specifically, it deals with the questions of how an individual, company or government acquires money – called capital in the context of a business – and how they spend or invest that money

Ethical issues in finance

• Asset Misappropriation

• Disclosure Concerns

• Executive Focusing

• No Direct Chain of Command

Unethical issues in finance

• Asset Misappropriation

• Irresponsible financiers

• • Exploitation of trust.
  • Bank failure
  • Unethical insurance practices
  • Economic crime