Ethical Misconduct in Disciplines of Management

INTRODUCTION:- Financial managers prepare reports, oversee accounting functions, plan investment strategies and direct cash management functions. They also are involved in branch management functions at banks and other financial institutions. They are required to uphold the highest ethical standards because internal and external stakeholders depend on transparent, timely and complete financial documents to make decisions. This blog will discuss various ethical  issues in financial management in an organization. Accuracy A company’s financial manager ensures that all financial publications accurately and fairly reflect the financial condition of the company. Accounting errors and financial fraud damage the interests of shareholders, employees and affect confidence in the financial system. Some organizations document ethics guidelines specifically for financial managers.  Transparency Financial documents reflect a company's performance relative to its pee...

INTRODUCTION:- While marketing has existed since the start of commercial trading, it has become more and more of a grey area for businesses in recent times. Questions that have been raised include: the blurred line between data collection and the invasion of privacy as well as the grey area between attracting consumers and deceptive advertisement. Businesses must be careful to tread on the right side of the line between legal and illegal. This blog will outline some of the common ethical and legal issues in marketing. 1. STEREOTYPING Marketing campaigns often cast particular groups in stereotypical roles, such as washing powder advertisements that show women as housewives preoccupied with their laundry, or do-it-yourself marketing that seldom portray anyone other than men as being “handy.” In addition, the stereotypical impression created by much commercial marketing is that having an abundance of possessions will lead to fulfillment and happiness, but the opposing...

Introduction - Humans are the most important assets of an organization. Earlier, HR department was given negligible importance. However, over the past few decades, the need to manage human resource in a proper way has experienced an unprecedented growth. While managing employees, numerous issues are faced by the HR department. This blog throws light on the major issues faced by human resource (1) Employment Issues (2) Cash and Incentive Plans (3) Employees Discrimination (4) Performance Appraisal (5) Privacy (6)  Safety and Health and (7)  Restructuring and layoffs. 1. Employment Issues: HR professionals are likely to face maximum ethical dilemmas in the areas of hiring of employees. Major challenges in this area are: a. Pressure to hire a friend or relative of a highly placed executive. b. Faked credentials submitted by a job applicant. c. Discovery that an employee who has been with the organisation for some time, is skilled and has established a ...