Essay on the Objectives of Business Ethics:
The Objectives of Ethics are to evaluate the human behaviours and calling up on the moral standards. The ethical standards also prescribe how to act morally in specified situations.
The objectives of business ethics are:
(i) Personal level:
At personal level the policy should be set that not to misuse the properties of the others or of the organisation keeping the promises and extending the mutual help, not to seek quick gains and not to indulge in politics to gain power.
(ii) Internal policy level:
The business organisation should follow fair practices in dealing with employees and other stakeholders. The organisation should have open and better communication at all levels. The organisation leadership should motivate employees for better productivity and for common good.
(iii) Societal level:
The social concerns like no discrimination concerned for the down trodden be the prime concerns of the business organisations. Optimal use of scarce resources, clean environment and ensuring better quality of life to all the stakeholders should be stressed in the internal policies.
(iv) Stakeholder’s level:
The organisation should take care of the maximum number of stakeholders and follow ethical means with shareholders, customers, suppliers, employees, banks and financial institutions, government and all others that are connected with the organisation.
