MITTAL SCHOOL OF BUSINESS NAME OF FACULTY:

SHILPA SEWAK

COURSE CODE : MGN253 COURSE TITLE :BUSINESS

ETHICS

CLASS: BBA SECTION :Q2104

MAX MARKS :30 DATE OF ALLOTMENT :17-08-2022

DATE OF SUBMISSION: 29-08-2022

Declaration:

I declare that this Assignment is my individual work. I have

not copied it from any other students’ work or from any other
source except where due acknowledgement is made explicitly
in the text, nor has any part been written for me by any other
person.

Student’ Signature
 PEER RATING

S. no. Registration number Name Peer rating

1 12106464 Vikash Tiwari 9

2 12108551 Gummala 9
Mahendra
3 12108595 Gande Rama 8
Krishna
4 12108606 Anikit Kumar 9
5 12108611 Aditya Sharma 6
 ACKNOWLEDGEMENT

We are really grateful because we managed to complete our BUSINESS

ETHICS assignment within the time given by our lecturer SHILPA
SEWAK ma’am. The assignment cannot be completed without the
efforts and co-operation from our group members, Group members are
Gummala Mahendra, Gande Rama Krishna, Anikit Kumar,
Aditya Sharma . We also sincerely thank our lecturer for guidance and
encouragement in finishing this assingment and also for teaching us in
this course. Last but not the least we would like to express our gratitude
to our friends and respondents for support and willingness to spend time
with us to fill in the questionnaires.
 INTRODUCTION

In the contemporary world, businesses that comply with the rightful

ethical conducts are decreasing drastically. In most businesses, at least
one business practice is done in an unethical manner. The unethical
practices in businesses are adversely affecting governments through the
loss of taxes (George & Jones, 2010). Consequently, the world economy
is facing a crisis as businesses evade from paying taxes.

With globalization, companies are trying their best to reap maximum

profits and outweigh their competitors’ profits at the expense of the
global economy. Transparency and accountability is outdated as
companies are aiming at one thing; to reap maximum profits at all cost.
Cases have occurred where companies that had been involved in
unethical practices clear their names in courts through bribery.

The executives of such companies protect their brand names, and they
fight to maintain the company’s reputation through corruption. At the end
of the day, the government, employees, investors, competitors, and the
customers suffer while the crooks enjoy the fruits of their unethical
business practices.

This paper will give a stringent analysis of the various unethical business
practices and the effect that they have on the organization. The paper will
bring in ideas, information, and examples of unethical business practices
in major organizations.
 METHODS / METHODOLOGY

For finding more opinions on this, we gathered data

through survey. Through the survey we found out that
there are various unethical practises happening in various
fields, like between the students, entrepreneurs and the
effects of them. We also read some news articles on this
topic which helped us to know more about this.
 ANALYSIS
By doing this survey we came to know about the thoughts of today’s
generation people like what are their thoughts about this topic is like so
many are not satisfied with the unethical business practices because due
to unethical business practices. You can lose your job and reputation,
organizations can lose their credibility, general morale and productivity
can decline, or the behavior can result in significant fines and/or financial
loss.
Effects that Students face on Unethical business practices
Cheating
● Obtaining work or information from someone else and submitting
it under one’s own name.
● Using unauthorized notes, or study aids, or information from
another student or student’s paper on an examination.
● Communicating answers with another person during an exam.
Effects that Entrepreneurs face on Unethical business practices
Damage to Company Credibility
Effects that Employed people Face on Unethical business
practices
If a lack of ethics in a business becomes public knowledge, that business
loses credibility. While some businesses survive public knowledge of a
lack of ethics through reimaging and advertising campaigns, many lose a
key customer base.
Unethical behavior can lower employee productivity by interfering with
their morale. Employees who witness unethical behavior lose motivation
to work and can result in absenteeism or worse, they may commit similar
unethical behaviors perceiving this to be normal.
SURVEY ANALYSIS
 CONCLUSION
Indeed, unethical business practices harm a series of people, whereas;
only a few greedy incumbents enjoy the fruits of their ill deeds.
Essentially, if the global economy is to be on the safe side, companies
must adopt ethical business practices. Business executives must ensure
that their businesses spend their investors’ monies in worthwhile projects.

They should ensure that the investors obtain their dividends in time. As
discussed, some vulnerable employees suffer in silence, and it is upon the
business managers to ensure that they treat all their employees equally.
The managers have a responsibility of offering a favorable working
environment for all their employees.

Companies should comply with the government’s rules of conserving the

air, water, and the general environment. Certainly, if all companies adopt
the above named ethical practices, every individual in the world would be
very comfortable, whereas, companies will be making honorable profits.