MNO Ltd., a renowned computer follows the vision of “reaching new heights with its people on its side”. It not only provides quality products but also provides various facilities to its employees for 5 years of service. It also provides computer skills to youth in remote areas for free. (a) What according to you are the business ethics of the company? (b) It is fulfilling its social responsibilities towards which interest groups?
Answers
Answered by
6
Business Ethics
Explanation:
(a) Ethics is concerned with what is right and wrong in which human behavior is judged on the basis of a standard form of conduct, as approved by society in a particular field of activity.
Business ethics is the study of business objectives, practices, and methods. Business ethics refer to the socially determined moral principles which should govern business activities. Ethical business is good business.
In the given situation, the company provides quality products to society with various facilities to its employees and society in rural area.
(b) Responsibility towards the employees
- The right kind of working conditions to be given so that it can win the cooperation of employees.
- The enterprise must respect the democratic rights of the employees to form unions.
- The employees must also be ensured of a fair wage and a fair deal from the management.
Responsibility towards the consumers
- Providing quality and right quantity of goods and services to people at affordable prices .
- The enterprise must take proper precaution against adulteration, poor quality, lack of desired service and courtesy to customers, misleading and dishonest advertising, and so on.
Similar questions