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Tata Group: The Importance Of Ethics In An Organization

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The importance of ethics is justified in any organization. It is a significant dilemma to profit making organizations which conflicts between industrial activities and social performance. By definition ethics in the business can also be defined as the right and wrong or acceptable and unacceptable attitude of organizational members. However, for non-profit corporations ethics is equally important as profits. If on one side, ethics helps and organization to determine its behavior towards stakeholders then on the other it is important for an organization to enhance its profits for its survival in the stiff competition. Therefore, it could be said that ethics and profits, both are essential for any business (Pollock, 2014). Tata Group is a global …show more content…

From the perspective of organizational ethics, leadership signifies how individuals should behave in an organization. Ethical leadership is an integral component of any organization as it enables a firm in fulfilling its vision and mission. Ethical leadership is also important because it is a fundamental factor in developing the image of an organization among its rivals. It also describes the moral health of a firm. As suggested by Mayer, Aquino, Greenbaum and Kuenzi (2012), the leadership of any organization must have to attributes; 1) to ensure that every decision made by the organization is in accordance with the ethical and moral principles and 2) to cultivate an ethical environment which reinforces ethical follower …show more content…

The image of Tata Group was severely hit by these allegations. The leadership of Mr. Ratan Tata was questioned after these serious claims. It has been analyzed that corruption in India is a prominent factor of causing inequalities and instability. Despite the strong policies and regulations of Tata Group such as "Tatas don't bribe" and the "Tatas don't indulge in politics" the name of the global enterprise was involved in such a huge scam (The Times of India, 2010).Bribery is the biggest form of corruption prevailing in India. India ranks on 90 put of 180 countries where corruption is highest at the administrative level. Corruption has severely affecting the economic growth of India despite having the potential to grow in every industrial and service sector. Also the negligible effort of the Indian government to fight against corruption in India is another cause that heightened the spread of corruption at every level of the society (Poverties.org,

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