2.) situation for both parties whether that is
2.) Article-Danish MustshafaThis articles have similarities with the first one in this article they explain business ethics in the same way they explain the good and bad,right or wrong in business ethics its basically doing good and right things is ethical but bad and wrong things are unethical for example,”Fairness in business dealings means being objective and having an interest in creating a win-win situation for both parties whether that is employer-employee or company-client”.Due to increasing emphaties these ethics gets more attention over in last 30 -40 years and gets variety perspective and direction but this field struck in solisution due to unproper directions.In the past, business ethics is all about and related with rules and regulations with in a business also in the compeny but nowaday’s top managers and business owners concept’s and perspective of past approach is insufficent and far from the issues to handle these issues.In today’s business ethics have a variety of different issues for example,professional ethics . Employee right issues which can be further divided into different categories,functional areas of business and etc.Nowadays,issues like fairness,justice and honesty is the biggest dilemma in business ethics also, bad behaviours and wrong decisions have impact the companies goodwill and reputation in markets. If the company ethics consider their profit gain and the legalize to determine the ethics their behavior became irrelavant because they not consider the right or wrong.Business Function EthicsA.) MarketingBasically all about understanding the 4p (Product,Place,Promotion,Price) it defines what is marketing and what is marketeers doing related with whomB.)Accounting EthicsBasically,help in understanding of business code of ethics, besides the profit and loss, balance sheets and financial statements.In addition,enhance the financial figures and taxes etc. which manipulated at the sheets these kind of things is unethical in this ethics.Fundimantal IssuesIntegrity and the trust is the most ethical fundamantal issues in business ethics.If the company and business owners want to good reputation these 2 factors is the key element of the gain the trust of customer and the other business owners which is related to sanme business.In addtion there are subissues with in this ethics such as,diversity,decision-making,compliance and governance issues.Diversity Issues:Diversity begins with recruting a diverce workforce to get that you nee to give all employees the same equal right and tranings to sucseed at these ethics if you sucseed this ethic you get maximize the the value of each employee’s contribution and it’s a key element in your business’s success and to become more successfull.Decision-Making Issues:Basically,protecting the workers and customer rights and make sure of fairness at every step on decision making to protect common goods.Compliance and Governance Issues:Businesses are expected to consider and obey the environmental laws, federal and state safety regulations and company needs to sure no one break the law in any way or gp against compaines rules and regulations.Social Networking Ethics:Employees need to think twice before do any mistake or sharing any post on socail media because unethical things they do in this platform may cost theri job.Because the unethical thing they do not just effect the person himself that mistake can create big impact on company too.And last but not least 🙂 Sexual Harassment ?n Workplace : I think this is the most major ethic. Because,there’s never an excuse or a justifiable reason for harassment of any kind in any workplace it’s againts the law ,it’s against the humanity ,it’s againts everything.At the end of this article,writer compared advantages and disadvantages of business ethicsThese are the advantages:• Good will of the firm hikes depending on its responds towards it ethical issues• Productivity through rigid, firm and sincere workers as well as other business chain members.• Through increasing morale and trust business can increase their market share,• Publicity due to well and ethical performance of the company. ‘Words of mouth’ is the fastest and best source to gain market. Thus a good performance will helps in publicity through words of mouth of general public. • Acceptance of product. For example : most of consumers prefer classmates notebook of ITC just because it is eco-friendly and also it contributes a part of its profit for social welfare.And these are the Disadvantages:• Business ethics reduce a company’s freedom to maximize its profit..• Diversity in achievements. For example. A company may diverse from its achievements and turn towards any other directions.• Extra expenditure in some cases. For example, in some cases company may incur extra cost for solving certain ethical issues like accident compensation, solution for pollutions etc.