Business ethics practices and programs in Bangladesh: an empirical analysis
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Date
2015-10Author
Md. Mahi, Uddin
Mohammad Aktaruzzaman, Khan, Dr.
Kazi Deen, Mohammad, Dr.
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Show full item recordAbstract
The issue of business ethics in Bangladesh is becoming important and not widely
studied before. The study aims to evaluate ethical practices and programs today
and for the next ten years with survey questionnaire applying non-probability
purposive sampling. The study includes 43 business organizations from two
largest cities, Dhaka and Chittagong. The results indicate that protecting
reputation is the prime reason for ethical business while corporate scandals and
rules and regulations are the influential business and external environmental
factors of ethical practices. The code of conduct is the main internal ethical
aspect for Board of Directors. In addition, the ethics survey and audits are the
most important effectiveness measures of ethical programs. Finally, the findings
draw implications for Ministry of Legal Affairs, regulatory bodies, management
and policy makers to adapt multi-faceted, multi-targeted, and multi-tiered
approaches to formulate effective programs in order to build a truly ethical
enterprise.