Presentation On Business

Ethics Of Nepalese Firms

Presented By: Sujita Thapa

Concept of business ethics
O Business ethics refer to the moral, rules and
belief that businessman follow while
conducting business through the help of
stakeholders.
O Business ethics provide competitive advantage
to the business firms.
O It is a good business investment that generates
trust and confidence between the parties.
 Cont.….
O Unethical business environment has negative
impact on rights and safety of consumers and
image of firm.
Traditional Nepalese business
practices
O Traditional business of Nepal promote
favoritism and nepotism.
O Friendship was regarded with high value,
whether based on personal friendship, family
friendship or school friendship.
O A large portion of employees in company are
family members relatives and friends.
O Profit was one and only objectives of the
firms.
 Present scenario of business
ethics in Nepal
O Nepalese business firms have not completely
adopt ethical business practices.
O Most of the business organization are of small
scale in Nepal and they lack awareness and
understanding of business ethics.
O Organization are slowly marching towards
adoption of business ethics.
Development of business ethics
O Business ethics should be based on culture of
particular country.
O Ethical perception are normally situational and
vary with culture.
O For example: If we are operating our business
in Muslim country then our ethics should
comply with the culture of that country.
Examples of ethical company of
Nepal
O Nepal telecom
 Working to build ICT center in schools of
earthquake affected districts.
 It is supporting green movement.
 It had provided 8.5million to national cricket
team.
 Cont.…
O Ncell
 Education is the topmost priority of Ncell.
 Ncell has helped to establish digital library.
 It had made commitment to provide 1 billion
over three years to earthquake victims as part
of its CSR.
o Chaudhary Group
 It distributed free noodles during earthquake. It also
maintaining greenery in different places of nepal.
Chaudhary Group had pledged support to 6
schools, which were badly damaged due to floods
in Bardia earlier in 2014, in their rebuilding.
Examples Of Unethical Company
Of Nepal
O Garment companies: promote child labor
O Sugar factories
O Famous sweets (Gutpak) store of new road:
It adopt unhygienic method of preparing sweets.
It compromise about health of people.
 Reasons for lack of ethical
business practices in Nepal

O Lack of proper policies, rules and regulations

O Political instability
O Lack of knowledge about CSR
O Consumer negligence
O Low net profit
Measures to prevent unethical
activities
O Formulating code of conduct in running the
business and strictly following it.
O Ethical reporting and auditing mechanism.
O Controlling corruption in business firm.
O Strictly implementing consumer protection
laws.
O Generating awareness in customers.
 Conclusion
O Nepalese business are slowly understanding
the importance of business ethics and
contributing towards the development of
society. If proper rules and regulation are
enacted and strictly implemented development
of Nepal will pace up.