Business Ethics: A Holistic Approach

Today’s business environment has powerfully reinforced the importance of ethical behavior in business. Over the past several years, we have been bombarded with stories of corporate scandals from the accounting scandals at corporations such as Enron and WorldCom to the misleading analysis of powerfully conflicted stock analysts at firms such as Merrill Lynch and Goldman Sachs to the most recent charges of big-rigging by the United State’s largest insurance brokerage, Marsh & McLennan. These scandals have focused sustained attention on the issue of ethics in business and there is much to be learnt from them. However, understanding of ethics is still in inchoate stage. This book facilitates a comprehensive interpretation of ethics in a broader perspective, with a view to explaining and sensitizing the target audience about the significance of ethics from various domains’ point of view. Considering the importance and the inevitability of ethics at workplace, we realize that there is still a significant gap between the expected and realized application of ethics at workplaces. Much of the gap can be attributed to the lack of understanding and complacency towards ethics. The proposed book would appraise the role of ethics in various domains like finance, accounts, HR, leadership, marketing etc. The book provides a comprehensive picture of ethics, and discusses the responsibilities of managers towards the workplace ethics in each of the disciplines.