ROLE OF ETHICS IN VARIOUS DISCIPLINES OF MANAGEMENT

ETHICS:- Ethics or moral philosophy is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.The field of ethics, along with aesthetics, concerns matters of value, and thus comprises the branch of philosophy called axiology.

BUSINESS ETHICS:-Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.

RELATION BETWEEN ETHICS AND HR MANAGEMENT:-HR is responsible for key systems and processes which can underpin effective delivery of messages the organisation wishes to convey about ethics. Through HR, ethics can be given credibility and aligned with how businesses run. With their expertise in change management and internal communications, and by working in partnership with those responsible for ethical performance within their organisation, HR can help to integrate ethics into processes such as the employer brand, recruitment, induction, appraisal, retention, motivation, reward, diversity, coaching and training.

HR also has an important role to play in monitoring how ethical values are embedded. Staff surveys, appraisals and exit interviews can all provide valuable information on whether the company’s ethical values are embedded, as well as providing ways to evaluate how the ethics programme is working and whether the company is living up to its values in practices.

ETHICAL ISSUES IN HR MANAGEMENT:-

1. Employment Issues

 2. Cash and Incentive Plans

 3. Employees Discrimination

 4. Performance Appraisal

 5. Privacy

 6. Safety and Health 

UN ETHICAL ISSUES IN HR MANAGEMENT:-

1. Misusing company time

 2. Abusive behavior

 3. Employee theft

 4. Lying to employees

 5. Violating company internet policies.

 6. Discriminating employees on the basis of gender,religion.

RELATION BETWEEN FINANCE AND ETHICS:-

Financial management focuses on ratios, equity and debt. Financial managers are the people who will do research and based on the research, decide what sort of capital to obtain in order to fund the company's assets as well as maximizing the value of the firm for all the stakeholders. It also refers to the efficient and effective management of money (funds) in such a manner as to accomplish the objectives of the organization. It is the specialized function directly associated with the top management. The significance of this function is not seen in the 'Line' but also in the capacity of the 'Staff' in overall of a company. It has been defined differently by different experts in the field.

Ethical issue related to finance:-

1. Paying tax on time
2. Disclosure of annual income
3. Paying dividends to shareholders
4. Publish annual report which brings  transparency in working

5. Contribute in social services
6. Accuracy i.e., managing accounts as per the standards.
 Unethical issue related to finance
1. Deliberate abnormal delays in payments to (a) Vendors, (b) Dealers commissions and promotion costs.
2. Delays in paying wages, interest to financiers, incentive, bonus to employees.
3. Holding up bills of vendors on silly reasons and ultimately buying from others to avoid payment to earlier vendors.
4. Not prompt in statutory payments of ESI, PF, Sales Tax and Excise Duties.
5. Cheating employees of their dues towards medical expenses, leave travel assistance, children education fees etc.
6. Opening of current accounts in different banks to avoid adjustments against loans by earlier banker.
7. Creating bogus bills of purchase to show higher costs and hence losses to avoid bonus payment to employees.
8. Collecting loans from private financiers at higher rate of interest to help kith and kin and to get kick-backs.
9. Quick release of payments to known or adjustment parties and delaying payment to others.
10. Taking private finance only from those who are ready to do personal favours to the finance department head.

RELATION BETWEEN MARKETING AND ETHICS:-

Meaning of marketing-The process of business of promoting and selling products or services, including market research and advertising.  

Ethical marketing is a process through which companies generate customer interest in products/services, build strong customer interest/relationships, and create value for all stakeholders by incorporating social and environmental considerations in products and promotions.

Elements of marketing:-

1. Product-The product aspects of marketing deal with the specifications of the actual goods or services, and how it relates to the end users needs and wants.
2. Price-This refers to the process of setting a price for a product, including discounts. The price need not be monetary it can simply be what is exchanged for the product or services, e.g. time, energy, or attention or any sacrifices consumers make in order to acquire a product or service

3. Place-This refess to how the product gets to the customer; the distribution channels and intermediaries such as wholesalers and retailers who enable customers to access products or services in a convenient manner.
4. Promotion-This includes all aspects of marketing communication, advertising, public relations, event marketing, trade shows and exhibition 

Ethical issue in marketing:-

1. The common standard of truth will be observed in all form of marketing communication2. Consumer should be treated fairly depending upon who the customer is and what product is.3. Marketers should be transparent about the price of product.4. Consumer privacy will be respected and upheld at all times.5. Marketing strategy should be fair.

Unethical  issue in marketing:-

Unethical advertising is when you promise something you cannot deliver.

1. When it try to degraded rival product

2. When business gives fall or misleading information of the product

3. When it fails to provide relevant information

4. Sometimes times companies focus more on advertising and they fail to maintain to quality of product

5. Sometime companies portray women in advertisement but there is no use to show them best example can be seen in deodorant advertisement

6. Concealing dark side or side effect of product or services.