Ethical and Unethical issues in Different trades
Marketing
Ethical issues
The concept of marketting has existed from the start of time. Various markets brands knows that their reputation will be severely damaged by any kind of misinformation. Their audience will puck upon and address in public channel such as social media.
This is the only reason why every information material should reflect the features of products. There is very thin line between ethical and unethical marketing and you need to understand the difference between it. Few of the ethical issues in marketing are as follows :-
- Product Development
- Pricing
- Placing (Distribution)
- Promotion (Advertisement)
Unethical issues
If you are doing unethical marketing for your product and service. It might sends wrong signals about your product and services. It can also destroy your brand reputation amd it might lead to you a legal probppro. Your first and foremost step to avoid unethical marketing practices is to recognize those practices. Many business owners and conpany are engaged in unethical marketing practices because they never knew what these practices are. You need to understand the thin line between ethical and unethical marketing practices. Here are few examole of unethical practices you must always avoid.
1. Making false exaggerated or unverified claims
2. Distortion of facts to mislead or confuse potential buyers
3. Using fear tactics
4. Spamming
Human Resources
Ethical Issues
Human Resources Managers searches for the candidate who is perfect for organization and organization culture. Sometimes organization culture can be odd and this is the tine if HR manager to play its crucial role. Every company's moto, vision, goal is based on ethics. Being ethical towards the organization is all about being loyal towaeds your duty, organization and workplace. Here are few ethical issues in HR planning :
1. Equal opportunity
2. Privacy
3. Compensation and skills
4. Opportunity for new skills
5. Fair working condition
Unethical issues
According to recent data about 120 million people walk into a workplace in a country like united states. Fron past few years these employees have persobally witnessed unethical issues in the company. According to survey conducted by ethics resources centre ( ERC). I am not saying that employ commiting fraud. More likes, its some9ne who lied to a supervisor or handed a false report, listed below are the five most frequently unethical behavior, according to ERC study :
1. Misuing company time
2. Abusive behavior
3. Employee theft
4. Lying to employees
5. Violating company Internet policy
Finance
Ethical Issues
Financial ethics is a subset of general ethics. Ethics in accounting are concerned with how to make good and moral choice in regard to the preparation, preservation and information. During the 1990s and 2000s, a series of financial reporting scandals brought this issue into the forefront. Knowing some of the issues presented in accounting ethics can help you ensure that you are considering some if the implications for the actions that you take with your business. Few ethical issues in finance are :
1. Fraudulent Financial Reporting2. Misappropriation of Assets3. Disclosure Violation4. Penalties for violation
1. Fraudulent Financial Reporting2. Misappropriation of Assets3. Disclosure Violation4. Penalties for violation
Unethical issues
Finance is the life blood for any organization. The requirement of finance may be long term, medium term or short term so there are different approaches to raise funds. Unethical issues in finance refers to an action that falls outside of what is considered mirally right or proper for person, profession or an industry. Financial crisis assesment most often consider that the sources of problem stem from economic and financial imabalnces and failure resulting from these unethical issues such as :
1. Manipulation of financial statements
2. Pressure from management to inflate earning
3. Creating bogus files of purchase to show higher cost and hence losses to avoid bonus payment to employees
4. Misleading advertisement whuch draw a bright picture of company for investment.
