Businessmen observe business ethics on account of the consequences that would result due to their non-compliance. Here, some of the regulations are presented briefly:. Image: Regulations of business ethics in India. Enforcing the legislative measures is one of the ways of making businessmen to follow business ethics. The purpose of enforcing the Acts is to protect the public interests including the business and the businessmen.
Case Study: Nestle's Growth Strategy - MBA Knowledge Base
Ethics in advertising is the issue on inclusion of the norms of ethics into the sphere of advertising. The problem of ethics in advertising is probably the most delicate among businessmen, because the primary idea of business is to gain profit by all possible means. Obviously, the owners of firms of all kinds strive to receive the highest revenue in order to develop their company further, conquer the new sectors of the market and gain more and more money. Unfortunately, the majority of businessmen do not pay attention to the ethical moments of advertising their goods and services striving to do their best to attract as many clients as possible who will buy the product. Most often businessmen practise the unfair methods of advertising which are too far from the norms of ethics, because the majority of ads affect the human emotions but not mind.
Custom writing help for your homework, Academic Paper and Assignments from Academic writers all over the world at Tutorsonspot round the clock. Case Study: Coke and Pepsi in India. Question 1: Identify the ongoing issues in this case with respect to issue management, crisis management, global business ethics, and stakeholder management. Rank these in terms of their priorities for Coca Cola and for PepsiCo.
Corruption is one of the most damaging consequences of poor governance combined with the absence of transparency and accountability. The Corruption Perception Index of Transparency International has depicted India as growing in its corruption rate in recent years. Corruption is of two types — one wherein the powerful pocket crores of rupees under the guise of public welfare. This is exemplified by the number of scams and scandals like the ones India has witnessed in recent years. The other is the under-the-table kind where people pay money for their entitled services like bribes to excise duty inspectors, doctors, bureaucrats etc.