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Business Ethics
Business Ethics
Indian examples
In business, ethics is very important. If the owners or promoters do not follow ethics, they
will have ruined the banks, the suppliers, and the employees. The wider public would suffer
too. However, in India, we have some really outstanding examples, and what we have is a
superb mosaic of very good practices from the outstanding examples. The finer details of
such examples are discussed in this article.
Introduction
Business ethics is the foundation of any successful business. Any business organization that seeks
to serve the society, its employees, its suppliers, and not merely the promoters or owners, will
survive as an institution known for business ethics of a tall order. There are three essential qualities
that need to be nurtured by any such business organization. These are: a) looking at ethics and all
that it stands for, as more important than the business itself b) institutionalizing processes that
clearly communicate business ethics as the most important bedrock of the organization, in totality
and c) making business ethics, a way of life in the organization.
There are some superb examples in India. These examples are sought to be discussed in some
detail, with reference to the essential qualities outlined above.
When business ethics becomes more important than the business itself, magic happens. The
business organization attains a stature totally unheard of, in the history of business ethics itself.
Companies have more and more of an incentive to be ethical as the area of socially
responsible and ethical investing keeps growing. The increasing number of investors
seeking out ethically operating companies to invest in is driving more firms to take this issue
more seriously
The different TVS group companies have one thing in common in all their factories. Each employee
carries home a small gift, in the form of some eatable, like a small biscuit packet, a packet of banana
chips, or potato chips and so on. This is illustrative of the philosophy of the TVS group: care and
share. This is also reflected in the fact that there are third generation employees happily working in
the same TVS group. The quality of the products of the TVS group is world-class, which itself
communicates the best to the best-in-class customers like General Motors and Ford: our ethical
standards will always produce such products.