Assignment on "Can ideological politics eradicate unethical practices from business?"



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
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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. Nelson.
3.     http://wiki.answers.com
4.     http://www.google.com/
5.     www.wikipedia.org
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Assignment on get rich quick racket (business ethics)



What is get-rich-quick- rackets?

A get-rich-quick-racket scheme is a plan to acquire high rates of return for a small investment. The term "get rich quick" has been used to describe shady investments since at least the early 1900s.
Most such schemes promise that participants can obtain this high rate of return with little risk, and with little skill, effort, or time. Get rich quick schemes often assert that wealth can be obtained by working at home. Legal and quasi-legal get-rich-quick schemes are frequently advertised on infomercials and in magazines and newspapers. Illegal schemes or scams are often advertised through spam or cold calling. Some forms of advertising for these schemes market books or compact discs about getting rich quick rather than asking participants to invest directly in a concrete scheme.
It is clearly possible to get rich quickly if one is prepared to accept very high levels of risk — this is the premise of the gambling industry. However, gambling offers the near-certainty of completely losing the original stake over the long term, even if it offers regular wins along the way. Economic theory states that risk-free opportunities for profit are not stable, because they will quickly be exploited by arbitrageurs.

In other words, chances are great that you're not going to get rich quick. Best thing to do is invest the money you have wisely. Investing your money wisely can be the difference between a comfortable life and possibly moving up or staying right where you are. Quick is relative, and it depends on how quickly you want to get rich. A realistic quick would be five to ten years. Probably the best way to start making money is to become an Internet Entrepreneur.

The factors of business success?

  • Having a written plan
  • Appropriate financial resources
  • Good location
  • Knowing what customers want
  • Knowing product demand
  • Having a good coach or mentor
  • Appropriate education
  • Having good organizational and management skills
  • Having good critical thinking skills
  • Acquiring reliable informational resources

Ethical issue in Business: Get-rich-quick-rackets in business.

  1. Ethics should be the same for the enlightened (ethical) as well as for the corrupt society.
  2. Consequently entrepreneurs and business establishments have to favor government officials.
  3. Bribery has become the most expedient means of business.
  4. To make up for this extra-payment businessman hesitate to adopt different unfair means.
  5. In the developing countries this is possible because the conical domination had left the societies in these countries backward, “stunted” and “ignorant”.


Get Rich Quick are everything for success in business

“Get Rich Quick opportunities.” The promise of instant wealth can be seductive. The only people who usually get rich from these quick money schemes are the ones who offer them. Goal should be to build a business that will last a lifetime. It may take ten or even twenty years.  But business could be the source of better financial security than your day job ever could have possibly been.
 

"Starting a successful business is not about making the quick buck."
 In a world where there is no longer any such thing as a traditional career path, where five or six career changes in one lifetime has become the norm for many people, starting your own business may be the best way to achieve security for yourself and your family.  But be aware, it will take time!  You cannot expect to establish security as a self-employed business owner overnight.

Starting a successful business is not about making the quick buck.  Actually, making fast money is contrary to starting a long-term, successful business.  It goes against building relationships with your clients and competitors, and tinkering with your concept over an extended period of time.  The more money you risk trying to get rich quick, the more money you can lose.

                                                                                                                                                                                                                                                                                                                                                                                           
The mindset of the self-employed business owner should not be geared toward making fast money.  It should be geared toward establishing a long-term business that will provide security for you and your family in good times and bad.  It may take several (e.g., three to five) years, depending on your product or service, to build your business and make it profitable enough to provide you with better financial security than any job you’ve had before.

Business owners get rich quick
Getting rich quick is one of the most common myths about owning your own business, although we would love that to be true. (A Google scan listed 7 million hits on “get rich quick”). And yes, you can find rare examples in which someone made money quickly and with little effort.
However, business owners generally report that business success involved hard work, headaches, time and often failure - maybe several failures - before their business survived and they achieved financial success. Also, your business often will require your personal financial investment before you will reap a reward.
Successful business owners typically scan the market for an idea and then determine if that idea is feasible using a market analysis and feasibility study. If you find a market exists, the next questions are: “Can you reach that market?” and “Can you make a profit?” Even then, the greatest rewards come if you have a solid distribution channel and you can stay ahead of your competitors with one or more competitive advantages; for example, more features, better prices, better service. Your success also may depend on developing and maintaining a strong brand for your company as well as individual products and/or services.
Reality: Profits rarely come quickly or easily, and business success may be measured in other terms such as doing what you want or meeting a need. EC1590

Get-Rich-Quick-Rackets Scheme in Bangladesh (MLM Marketing):
Many people have changed their lives through MLM or Multilevel Marketing. In MLM there is no middle man. So, both the company and the investors can enjoy maximum profit. Though MLM is new in Bangladesh, it is very much popular in developed countries of the world (though some countries are thinking about banning MLM activities as illegal). MLM is very much popular in our neighboring country INDIA.



Anyways, UniPay2U is a gold trading company. Here an investor buys gold for storage in a professional bullion vault. In
Bangladesh, it is registered as a Private limited company under the name of Unipay2u Bangladesh (Pvt) Ltd. Unipay2u is originally a Malaysian company. After 10 years of successful business in own country, it has gained license to open seven wings over the world in Philippines, India, Bangladesh, UAE, Thailand, China, and Nepal.
In Bangladesh Multilevel marketing (MLM) companies are using Get-rich-quick-racket scheme. And with using this scheme MLM companies are become very rich and get success within a short time.








Problems of Get-Rich-Quick-Rackets Scheme
Conclusion:











REFERENCES:
1.     The world’s work, Volume22, (1911)
2.     S.A. Nelson.
5.     www.wikipedia.org

         &
    
     SELF HANDOUT.