Stop enterprise malpractices : Some unscrupulous businessmen do business malpractices by indulging in unfair trade practices like black-advertising, artificial high pricing, adulteration, dishonest in weights and measures, selling of duplicate and dangerous merchandise, hoarding, and so on. These enterprise malpractices are harmful to the customers. Business ethics help to stop these enterprise malpractices.
Requires training and steerage : Businessmen should be given correct education and steering before introducing business ethics. The businessmen must be motivated to make use of business ethics. They must be informed about some great benefits of utilizing business ethics. Commerce Associations and Chambers of Commerce should also play an lively role in this matter.
Proponents of the dominance model concentrate on the defects and inefficiencies of capitalism. They believe that firms are insulated from pressures holding them accountable, that regulation by a government in thrall to huge enterprise is feeble, and that market forces are inadequate … Read more