In this stiff domestic and international competitive era, ethical practices of business are becoming
significant matter since corporate keep relationships with various people live their customer, suppliers,
creditors, debtors, investors and so on. The relationships are based on ethical practices and mutual trust.
Taking business decisions ethically and be competent enough to face the world is the order of the
business in the modern corporate globe. This article throws light upon importance of general and
professional ethical practices. General ethical practices deals with maintaining corporate social
responsibilities through corporate self-regulation bounded with ethical business model to protect the
interest of stakeholders and general public. This paper critically reviews the literature relating to the
management of ethics within organizations and identifies, in line with other authors, a gap between
theory and practice in the area. It highlights the role of management (both as an academic discipline and
from a practitioner perspective) in bridging this gap and views managers, with their sense of individual
ethical agency, as a key locus of ethics within organizations. The paper aims to address the theory–
practice gap by surveying the business ethics literature in order to identify, draw together and integrate
existing theory and research, with a particular emphasis upon models of ethical decision-making and
their relationship to work values. Such an endeavor is necessary, not only because of the relative neglect
of management practice by business ethics researchers, but also because of the current lack of
integration in the field of business ethics itself. The paper outlines some of the main methodological
challenges in the area and suggests how some of these may be overcome. Finally, it concludes with a
number of suggestions as to how the theory–practice gap can be addressed through the development of a
research agenda, based upon the previous work reviewed.
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Author Name: G. Malyadri, G. L. Meena
URL: View PDF
Keywords: ethical,management
ISSN: 2321-1423
EISSN: 2320-0685
EOI/DOI:
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