Retail Practitioners’ Views vs. Ideal Theoretical Positions Concerning Ethical Business Practices with Garment Suppliers in advance

2022 ◽  
Author(s):  
Geert Demuljnck ◽  
Patrick Murphy ◽  
Keyword(s):  
Business Practices ◽  
Ethical Business

Business Environment in West Bengal: An Ethical Issue

Think India ◽  
2016 ◽  
Vol 19 (1) ◽  
pp. 35-41
Author(s):  
Sreekumar Ray
Keyword(s):  
West Bengal ◽  
Balance Sheet ◽  
Business Environment ◽  
Business Practices ◽  
Ethical Business ◽  
Industrial Growth ◽  
Long Run ◽  
Fixed Assets ◽  
Finance Company ◽  
Set Up

Ethics in Business are keywords in any business environment which are lacking in most of the cases. In a broad sense ethics means not to cheat others and to do the business in an honest way, to abide by the rules and regulations of the soil, and above all to keep the morale high so that the business can grow to a new height in long run. Unfair means and unethical business practices to earn money quickly are often fraught with the danger of losing the business permanently or losing the goodwill and respect of society. West Bengal has got bad reputation for industrial growth and fake chit funds and it has been named as ponzy capital of India by many as 72 out of 86 fake chit funds are in the state of West Bengal (as per the Report of Ministry of Corporate Affairs, Govt. of India). On the other hand the micro finance company Bandhan which has got Banking license last year (set up in 2001 in West Bengal) and Eins Edutech the company which was originally incorporated on March 9, 1983, as Ganpat Udyog in West Bengal are worth mentioning and at ease one can feel proud of them. As on 17th April, 2015 the latter company has got market capital of Rs.700 crore with its fixed assets, as per its balance sheet, as only two cell phones and one printer. As per monthly status of Bandhan in February 2015 it has 2,022 branches, 63,66,269 borrowers, 15,956 staff, loan disbursed for the month Rs.1,572 crores, and loan outstanding Rs.8,908 crores. Under such situation, this study focuses on the ethical business environment prevailing in West Bengal and the strategies adopted by them.

CRITERIA FOR ASSESSING THE SUSTAINABLE DEVELOPMENT OF THE RUSSIAN PUBLIC CORPORATION DURING THE TRANSITION TO THE GREEN ECONOMY

2021 ◽  
Vol 2 (12) ◽  
pp. 90-94
Author(s):  
V. V. Rebrova ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Benefits ◽  
Green Economy ◽  
Business Practices ◽  
Ethical Business ◽  
The Sustainable Development ◽  
Financial Condition ◽  
Public Corporations ◽  
Economic Entity ◽  
Public Corporation

The article gives the author's vision of the sustainable development of a public corporation based on the movement towards "green" growth. The results of the author's research aimed at establishing a link between the financial condition of Russian public corporations and ESG criteria are presented. This is a connection that necessitates the transition to a "green" economy at the level of an individual enterprise, not only for reasons of ethical business practices, but also because of the possibility of extracting financial and economic benefits. The article proves that the application of ESG practice leads an individual economic entity to economic and social prosperity.

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 The Implications of Consumer Protection Legislation for Hotels and Guests in South Africa

2017 ◽  
Vol 9 (2(J)) ◽  
pp. 33-45
Author(s):  
Raeesah Mohamed ◽  
Karunanidhi Reddy ◽  
P. M. Naidoo
Keyword(s):  
South Africa ◽  
Consumer Protection ◽  
Race And Ethnicity ◽  
Standard Form ◽  
Business Practices ◽  
Open Market ◽  
Low Literacy ◽  
Ethical Business ◽  
Bargaining Position ◽  
Unfair Terms

During the apartheid era, consumers in South Africa, based on their race and ethnicity, were restricted when concluding contracts, as there was no open market trade. As consumers, hotel guests could also be victims of unfair business practices. Hotels use standard form contracts that may include unfair terms that favour the business and which are over-protective of business interests. A significant percentage of the population have low literacy levels, which severely disadvantage them when it comes to understanding the content and consequence of contracts. The Consumer Protection Act (CPA) introduces wide-ranging legal measures to protect consumers, including hotel guests, from exploitation and abuse in the marketplace and sets out comprehensive obligations for hotels. This article provides a descriptive critique based on literature and describes the challenges faced by hotel guests and discusses the implications of the Act for hotels and guests. It concludes that not only does the CPA advocate ethical business practices that are mandatory for hotels, but it also introduces a range of rights and protection for guests as consumers. The CPA has introduced a shift in contract law from a standpoint which allowed the parties the freedom to choose the content of the contract to one where fairness and transparency is imperative, as protection in terms of legislation compensates for the weaker bargaining position of the consumer.

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.

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 United Nations Global Compact: an ‘Inroad’ into the UN and reputation boost for the tobacco industry

2017 ◽  
Vol 27 (e1) ◽  
pp. e66-e69 ◽  
Author(s):  
Yvette van der Eijk ◽  
Patricia A McDaniel ◽  
Stanton A Glantz ◽  
Stella A Bialous
Keyword(s):  
Corporate Social Responsibility ◽  
United Nations ◽  
Tobacco Industry ◽  
Business Practices ◽  
United Nations Global Compact ◽  
Ethical Business ◽  
Global Compact ◽  
Tobacco Production ◽  
Corporate Social ◽  
Front Groups

BackgroundThe United Nations Global Compact (UNGC), a UN initiative to engage corporations in supporting the UN’s mission, sets out principles that companies should follow for more ethical business practices. Since its inception in 2000, at least 13 tobacco companies, subsidiaries and tobacco industry affiliates joined the UNGC. In a September 2017 integrity review, the UNGC Board excluded from UNGC participation companies who derive revenue from tobacco production or manufacturing.ObjectiveTo determine, from the tobacco industry’s perspective, tobacco companies’ motives for joining the UNGC.MethodTobacco industry documents search using the Truth Tobacco Industry Documents Library, and search of published reports and documents on the tobacco industry and the UNGC.ResultsTobacco companies sought to join the UNGC for two reasons: (1) to improve their reputation, in keeping with other corporate social responsibility efforts; (2) to gain proximity to UN agencies and weaken the WHO’s influence, part of an overall strategy to undermine the WHO Framework Convention on Tobacco Control.ConclusionsExcluding tobacco manufacturers from UNGC participation is an important step to limit the tobacco industry’s ability to influence the UN and promote its image and, by extension, its deadly products. It is important to monitor enforcement of this policy and resist the engagement of tobacco industry front groups, such as industry-funded foundations, with the UNGC.

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