Business Ethics in Practice

Abstract

Globally, all stakeholders associated with any business feel comfortable in an environment where the fundamentals of ethical business practices are best protected and practiced. It is time for any business that goes global or act local to get serious about the moral aspects and social implications of decision making. There are a good number of evidences in the global scenario that the organisations adhere to ethical business practices are able to meet out the expectations of all the stakeholders satisfactorily. The ultimate task must be considered by every manager is to be more than simply meeting performance expectations. Performance goals must always be achieved through ethically and socially responsible action. The attitude to practice good business practices could be well evidenced basically by the mission and vision of an organization. The mission of Infosys is " to achieve our objectives in an environment of fairness, honesty and courtesy towards our clients, employees, vendors and society at large". Its vision is "to be a globally respected corporation that provides best-of-breed business solutions, leveraging technology, delivered by best in-class people". Moreover Infosys has set standards in every business activity- best campus, best working environment, best employer, most transparent dealings, highest quality standards- as well as the highest ethical standards, never seeking any deviant benefits from the government. It would be interesting but not shocking to know the most telling message that Infosys gives out to any discerning observer is its motto:

Powered by intellect and Driven by Values. Knowing the importance of adhering to the best business practices to reap the fruit of success, some of the ethical practices need to be followed and being practiced by the well-known organisations are presented in this paper.