Can
ideological politics eradicate unethical practices from business?
Business and politics are two most closely
interrelated fields of human practice. In actuality politics means the art of
mobilizing public opinion in favor of any policy to serve the economy,
sometimes the interest of socio-economic classes.
A political
ideology is
a certain ethical set off ideal
principles, doctrines,
Myths or
Symbols of a social movement, institution, class, and or large group that explains how
society should work, and offers some political and cultural blueprint for a
certain social order. The world’s different political systems
fall on a continuum defined by three political ideologies. At one extreme is
anarchism the belief that individuals and private groups should control
political activities. At the other is totalitarianism—the belief that people’s
lives must be controlled for a political system to be effective. In between
lies pluralism—the belief that private and public groups play important roles
in political activities.
Unethical
practices in business
runs the gamut, from simple victimless crimes to huge travesties that can hurt
large numbers of people. Whether it is stealing a pen, padding an expense
report, lying to avoid a penalty or emitting toxic fumes into the air and add
formalin into food , Greed to a mass excessive profit. Creation of false
documents to show increased profits. Avoiding penalty or compensation for
unlawful act. Lack of transparency and resistance to investigation. Unethical behavior cannot be condoned by a
company. A strict ethics policy is the cornerstone for any business that wants
to maintain a good reputation. Unethical Business Practices The
financial sector is abuzz with acts of violation of norms to amass wealth in an
unethical manner.
Relationship between business and politics:
Politics and business are interrelated. Industrial and
business communities rare sustain and finance the political parties. Political
parties spend that money on election or other purpose. And the political
parties serve to establish business industrial communities and to attract the
mass people to their policies and measures. Sometimes some industrial and
business magnet having knack for politics. They became politicians like George
Bush, Dick Chenncy, Barlos Cunny, Tanaka etc.
Though politics
and business are interrelated each other, according to business journal, it is
concluded that ideological policies can be eradicate unethical practices in
business, but some step need to take to eradicate it. That’s are
- First and foremost thing to do is to follow
honesty which is the best policy. Make sure business men are honest
in dealing with colleagues, consumers or vendors. Ideological
politicians must follow honesty when reporting business earnings,
expenses, payment to employees and vendors and while giving information to
customers.
- Many companies following unethical
business practices try to cover the problem rather
then correcting it. They will try to bribe people concerned and
spread rumors to hide the problem. This type of practice is
unethical and must be avoided. Whenever there is a problem it needs to be
addressed immediately and mistakes must be solved if required you must
apologize to the concerned people. Customers always remember the company
that has admitted their mistakes rather then companies that hide their
mistakes that are found later.
- Most of the time the product of the
company is faced with problems when certain things used in the making of
the product are banned recently or are harmful to its users. In this case politicians
will withdraw the product from the market and make consumers aware of its
harmful effects without thinking about the sales of the product. During
such times the honesty of the company is tested. You have to find out the
problem of the product and replace it the market after rectifying it.
- Tampering or manipulating the
accounts of the company to increase profits or evading tax is an unethical
business practices which is very common among
companies. There are many business houses that have their audit
department which gives wrong financial information about the company and
avoid paying tax. They also bribe government officials to gain contracts
or hide company problems. Sometimes the company also pays the media to
advertise the company’s false achievements and hide its problems. Such
practices not only show the company in bad light but also loose the
confidence of its customers and employees.
- Political parties should not take
money from business. They should follow ethical activities in business.
REFERENCES:
1. The world’s work, Volume22, (1911)
2. S.A.
3. http://wiki.answers.com
4. http://www.google.com/
5. www.wikipedia.org
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