scholarly journals Business Ethics and Consumer Buying: An Ethno-Regional Study in UAE

2019 ◽  
Vol 18 (4) ◽  
pp. 23-30
Author(s):  
Indranil Bose
Keyword(s):  
Business Ethics ◽  
Regional Study ◽  
Ethical Business ◽  
Ethical Practices ◽  
Sustainable Marketing

UAE has the largest number of expatriates from across the globe and has the presence of the largest number of products, services and brands from across the globe. Understanding the consumer consciousness or business ethicality of the products, services or the brands available is important for sustainable marketing. The present research explores the level of overall consumer consciousness about the business ethics adopted by different brands or products and whether consumer consciousness or perception remains different about the ethical practices followed by different companies, according to their places of origin. The results show that the overall consumer consciousness about the ethical practices of the products/brands available is significant and the consumer consciousness about the ethical business is different according to the regional groups.

John Commons on Customer Goodwill and the Economic Value of Business Ethics: Response to Professor Sen

1994 ◽  
Vol 4 (3) ◽  
pp. 359-365 ◽  
Author(s):  
Robert Black
Keyword(s):  
Business Ethics ◽  
Customer Relations ◽  
Economic Value ◽  
Market Value ◽  
Intangible Capital ◽  
Socialist Economy ◽  
Business Practices ◽  
Ethical Business ◽  
Ethical Practices ◽  
Fair Competition

Abstract:This paper shows how John R. Commons’ analysis of a firm’s goodwill value gives analytical support to Professor Amartya Sen’s contention (BEQ, 1993) that business ethics makes economic sense. A firm’s market value consists of the value of both tangible and intangible capital, including the goodwill value of ongoing customer relations. If a firm is to defend its goodwill value, it needs to have the protection of the courts and to pursue ethical practices. The courts defend fair competition by giving protection from unethical competitors while the firm defends its reputation with honest dealings.By implication, firms which depend on ongoing customer relations will tend to engage in more ethical business practices than firms which do not. Even a firm which makes a mistake that compromises its product’s safety may reduce the loss of goodwill value over time by admitting the mistake early rather than hiding it.Also by implication, the transition from a command socialist economy to a market economy cannot be made instantaneously since trust, reputation, and these ongoing customer relations—key institutions of market economies—cannot be generated instantaneously.

scholarly journals Assessing Islamic Business Ethical Practices Through Clients’ Perception

2020 ◽  
pp. 92-108
Author(s):  
Muhammad Ismail ◽  
Shakir Ullah ◽  
Zafar Zaheer
Keyword(s):  
Business Ethics ◽  
Positive Impact ◽  
Ethical Values ◽  
Ethical Business ◽  
Ethical Practices ◽  
Khyber Pakhtunkhwa ◽  
Independent Variables ◽  
Islamic Business Ethics ◽  
Business Sectors ◽  
Structured Questionnaire

This study evaluates the Islamic business ethics practices in Khyber Pakhtunkhwa (KP) province of Pakistan from the clients’ perspective and how they perceive it. The study focuses on three Shariah values i.e. obligatory values (Faraid), the prophet’s traditions (Sunnah) and the voluntary rectitude (Nawafil) and checks their impact of merchants’ business ethical practices. The Shariah values are further divided into nineteen Islamic business ethical values adopted from well-established prior studies. In addition to this, the study is also focused to assess the most ethical business sector among ten selected business sectors. The study was conducted in Khyber Pakhtunkhwa, which is a relatively conservative/religious province of the country. To achieve the objectives of the study, a quantitative method was adopted. The data was gathered through a well-designed structured questionnaire in various universities of Khyber Pakhtunkhwa, The data were analyzed through descriptive statistics and regression analysis. This research concluded that Islam has a significantly positive impact on individuals’ business ethical practices as perceived by the clients. Among other independent variables, the voluntary rectitude effect was found to be more significant in individuals’ business ethical practices. It is further concluded that most ethical practices are found in the communication and transport sectors while the least ethical sectors are hospitals, doctors, and solicitors. The study contributes to the established Islamic business ethics literature.

scholarly journals Business Ethics Decision-Making: Examining Partial Reflective Awareness

2021 ◽  
Vol 13 (5) ◽  
pp. 2635
Author(s):  
Marli Gonan Božac ◽  
Katarina Kostelić ◽  
Morena Paulišić ◽  
Charles G. Smith
Keyword(s):  
Decision Making ◽  
Business Ethics ◽  
Ethical Decision Making ◽  
Field Research ◽  
Assessment Process ◽  
Ethical Business ◽  
Reflective Awareness ◽  
Ethical Choices ◽  
Available Information ◽  
Context Characteristics

The aim of this research was to examine partial reflective awareness in ethical business choices in Croatia. The ethical decision-making is interlinked with sustainable practices, but it is also its prerequisite. Thus, better understanding of business ethics decision-making provides a basis for designing and implementing sustainability in a corporate setting. The research was done on student populations who will soon carry important roles and make important decisions for individuals, organizations, and society. The field research was conducted using Kohlberg’s scenarios. The results reveal that the process of decision-making goes through the lenses of respondents’ own preferred ethics. However, the reflective awareness of respondents’ preferred ethics is skewed and regularities in that deviations point out to the relevance of the context characteristics and arousal factors. In addition, the individuals do not use all available information in the assessment process. The revealed partial reflective awareness contributes to explanation of why people have problems with justifying their choices. As there are many examples of unethical behavior in the environment that remain unpunished, it is necessary to raise awareness of the issue. Improvement in reflective awareness would contribute to more sustainable ethical choices and reveal a possibility of an intervention design within the higher education framework.

On Social Psychology, Business Ethics, and Corporate Governance

2000 ◽  
Vol 10 (3) ◽  
pp. 725-733 ◽  
Author(s):  
Timothy L. Fort
Keyword(s):  
Social Psychology ◽  
Corporate Governance ◽  
Business Ethics ◽  
Virtue Ethics ◽  
Corporate Law ◽  
Human Beings ◽  
Ethical Business ◽  
Large Numbers ◽  
Large Corporations ◽  
Business Behavior

Abstract:This paper is a response to a recent colloquy among Professors David Messick, Donna Wold, and Edwin Harman. I defend Messick’s naturalist methodology, which suggests that people inherently categorize others and act altruistically toward certain people in a given person’s in-group. This paper suggests that an anthropological reason for this grouping tendency is a limited human neural ability to process large numbers of relationships. But because human beings also have the ability to modify, to some extent, their nature, corporate law can organize small mediating institutions within large corporations in order to take ethical advantage of this grouping tendency. Within a corporate law taking seriously a mediating institution’s formulation of business communities, a virtue ethics approach can be integrated with a naturalist approach in a way that fosters ethical business behavior while mitigating the dangers of ingrouping tendencies.

scholarly journals Business Ethics and Ethics Education in American Business Programs

Competitio ◽  
2008 ◽  
Vol 7 (2) ◽  
pp. 195-200
Author(s):  
John D. Keiser
Keyword(s):  
Business Ethics ◽  
Ethics Education ◽  
Business Students ◽  
Jel Classification ◽  
American Business ◽  
Business Practices ◽  
Teaching Ethics ◽  
Ethical Business ◽  
Business Programs ◽  
The Difference

This essay presents an overview of what American business programs cover in their curricula regarding ethics and the reasons behind teaching ethics-related material to business students. Topics for the paperinclude; requirements for having ethics in the curricula, broad perspectives of what constitutes ethical business practices, and the difference between professional ethics and business ethics. Journal of Economic Literature (JEL) classification: M14, A20

scholarly journals Ethical practices of small and medium-sized enterprises in developing countries: Literature analysis

2018 ◽  
Vol 21 (1) ◽  
Author(s):  
Peter K. Turyakira
Keyword(s):  
Developing Countries ◽  
Business Ethics ◽  
Ethical Dilemmas ◽  
The Body ◽  
Ethical Practices ◽  
Top Executives ◽  
Ethical Policy ◽  
Unethical Practices ◽  
Effective Manner ◽  
Business Failures

Background: There is increasing pressure on business organisations to behave ethically, in addition to running their operations in the most economical, efficient and effective manner possible to increase performance. Customers have also become increasingly mindful of the reputation of the businesses they patronise. Small and medium-sized enterprises (SMEs) have become the worst affected since they lack the funds, strategic information and relevant alliances to implement ethical practices. Aim: This article aims at evaluating the aspects of business ethics, significance of business ethics to SMEs, ethical dilemmas and challenges of SMEs, particularly in developing countries, and suggests strategies to address ethical dilemmas and challenges. Methods: The background literature review on ethical practices in SMEs in the context of developing countries was conducted on several journal articles. Peer-reviewed articles in recent journals were analysed to identify the aspects of business ethics, significance of business ethics to SMEs, ethical dilemmas and challenges of SMEs and the proposed strategies to address ethical dilemmas and challenges thereof. Results and conclusion: It is clear that business enterprises can no longer afford to disregard business ethics. There are continuous business failures as a result of unethical practices, especially those associated with employees and top executives. This article has added to the body of existing literature on ethical practices of SMEs in developing countries. As such, SME owners and managers can use the findings of this article to design ethical policy frameworks and guidelines to improve their reputations and competitiveness.

The evolution of business ethics in India

2014 ◽  
Vol 41 (11) ◽  
pp. 1073-1086 ◽  
Author(s):  
Ron Berger ◽  
Ram Herstein
Keyword(s):  
Business Ethics ◽  
Environmental Changes ◽  
Evolutionary Process ◽  
Business Culture ◽  
Conceptual Approach ◽  
Ethical Business ◽  
Holistic View ◽  
Content Type ◽  
Greco Roman ◽  
Over Time

Purpose – Religion and culture can influence ethical behavior in business. It is suggested that there has been and continues to be, a deep interrelationship between religion, business ethics, and economic activity in India. As India is becoming a major global economic business partner, understanding its unique ethical business infrastructure is gaining in importance. The purpose of this paper is to intend to further the understanding of Indian (“Vendantic”) business ethics, as opposed to Greco – Roman business ethics, as the foundation of business culture in India. This paper further elaborates on the evolution of business ethics and its implications on doing business in and with Indian companies. Design/methodology/approach – The authors undertook a conceptual approach in order to understand the evolutionary process of Indian business ethics in a holistic view in order to understand better its workings and effect on business interaction. Findings – The paper explains the constructs of business ethics in India and shows its evolution over time. Originality/value – This original theoretical paper examines the evolution of Indian business ethics over time in line with environmental changes in the Indian business landscape.

scholarly journals Institutionalising Ethics In Organisations: The Role Of Mentoring

2005 ◽  
Vol 4 (1) ◽  
Author(s):  
X. Goosen ◽  
L. J. Van Vuuren
Keyword(s):  
Qualitative Study ◽  
Business Ethics ◽  
Integrated Model ◽  
Ethical Behaviour ◽  
Ethical Practices

The phenomenon exists that organisations do not do much to ensure the institutionalisation of business ethics in general, and more specifically, to facilitate employees’ ethical behaviour. The possibility that mentoring may be utilised as a vehicle to institutionalise corporate ethical practices is proposed as a possible solution to the aforementioned problem. By means of a qualitative study, interviews were conducted to determine whether mentoring is used to institutionalise business ethics, and if not, how it can be utilised. An integrated model of mentoring in the institutionalisation of business ethics was generated. It highlighted the compatibility of the mentoring- and institutionalisation of ethics processes. The implications are discussed.

scholarly journals Building Customer Value And Profitability With Business Ethics

2016 ◽  
Vol 14 (3) ◽  
pp. 83-90 ◽  
Author(s):  
Robert C. McMurrian ◽  
Erika Matulich
Keyword(s):  
Business Ethics ◽  
Customer Value ◽  
Business Practices ◽  
Ethical Business ◽  
And Performance

Firms assume ethical business practices only add costs to the firm. However, business ethics actually add value for customers and result in increased profitability and performance for the firm.

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