Final project

Business Ethics

Submitted By: Sarmad Amin

Submitted To: Mam. Samina Karim
SAP: 7024

Riphah International University

Riphah School of leadership
 TABLE OF CONTENT

1. Company Name

2. Business Nature

3. Importance of Ethics

4. Code of Conduct

4.1 Importance of code of conduct

5. Elements of ethical Organization

6. Approach to Dealing with Moral Issues

7. Ethical Dilemmas

7.1 Personal Privacy

7.2 Patents

7.3 Trade Secrets

8. Ethics for Organization Employees

9. Concerns of Ethics

10. Codes of Conduct

11. Advantages of Code of conduct

12. Different point of View Of Stakeholders

 Company Name

NetSol Technologies
Nature of Business of Company:

NetSol technology is information technology management System Company. The nature of

NetSol Company is to provide software solution and digital enablement solution for the assets
financing and leasing industry worldwide.

 Importance of Ethics:

 Protect an organization and its employees from legal action

 Create an organization that operates consistently

 Provide a livelihood for employees

 Avoid unfavorable publicity

 Gain the goodwill of the community

  Code of conduct:

A guide that highlights an organization’s key ethical issues and identifies the overarching values
and principles that are important to the organization.

 Importance of code of Conduct:

The code of conduct helps ensure that employees:

 Abide by the law.
 Follow necessary regulations.
 Behave in an ethical manner

 Elements of an ethical Organization:

 Respect
 Honor
 Integrity
 Customer focus
 Results-oriented
 Risk-Taking
 Passion
 Persistence

 Respect

You have to regard yourself and encircle yourself with individuals you can regard.
Regard and trust make it simpler for you to stay away from small scale overseeing them.
  Honor

Great individuals are a basic piece of good morals. They are likewise extraordinary
representatives for doing things right. Focus on solid entertainers and individuals who embody
the soul of your association.

 Integrity

With regards to trustworthiness, it is difficult to abstain from sounding long winded or parental.
Try not to lie, take, or cheat. Make your statement your bond and consistently remain by your
promise.

• Customer Focus

An attention on your clients fortifies the duty you have to the market. Your choices influence
your kin, your financial specialists, your accomplices and eventually, your clients. Serving these
individuals is a piece of your moral duty

• Results-situated

Great chiefs obviously recognize the outcomes they expect, at that point bolster their workers
and assist them with accomplishing those outcomes. They give input on execution with an end
goal to enable the worker to accomplish their latent capacity
• Risk-Taking

Incredible organizations pull in workers who are happy to face challenges, and they energize,
backing and prize them for facing determined challenges. At the point when the dangers pay off,
they share the prizes with the individuals who delivered.

• Passion

Incredible associations are included individuals who have an energy for what they are doing.
They are energized, driven, and accept that their work and endeavors can have any kind of effect.

• Persistence

Constancy is attached to their energy for what they are doing and a conviction that this gathering
of individuals, this organization, has the most obvious opportunity with regards to making it.

 Approach to Dealing with Moral Issues

 Virtue Approach

The ethical choice is the one that best reflects moral virtues in ourselves and our community
  Utilitarian Approach

The moral decision is the one that creates the best abundance of advantages over mischief.

 Fairness Approach

The ethical choice is the one that treats everyone the same and does not show favoritism or
discrimination.

 Common Good Approach

The ethical choice is the one that advances the common good.

 Ethics in information technology

 Workers are subject to the monitoring of their e-mail and Internet access while at work,
as employers and employees struggle to balance the need of the employer to manage
important company assets and employees’ work time versus the employees’ desire for
privacy and self-direction.

 Ethical Dilemmas

 Individual Privacy:

IT encourages the clients having their own equipment, working framework and
programming apparatuses to get to the servers that are associated with one another and to
the clients by a system. Because of the circulation of the system for a huge scope,
 information or data move in a major sum happens which prompts the shrouded odds of
uncovering data.

Solution:

Organization have to develop a proper software on team to monitor these things that nobody is
disclosing an asset of an organization during work hours.

 Patents
A patent can protect the one of a kind and mystery part of a thought. Getting a patent is
exceptionally troublesome as contrasted and acquiring a copyright. An exhaustive
revelation is required with the product. The patent holder needs to uncover the full
subtleties of a program to a capable software engineer for building a program.

Solution:

The access of unique design is only be granted to official or board of directors of an

organization, there is less chance of patent.

 Trade secrets

Competitive innovations is additionally a noteworthy moral issue in data innovation. A

competitive advantage makes sure about something of significant worth and convenience. This
law ensures the private parts of thoughts which is known distinctly to the find or his associates.
When unveiled, prized formula is lost accordingly and is just secured by the law for exchange
insider facts.

Solution:

Trade secrets should be confidential .Restrict the place having trade secret. There should be a
control access to the trade secret.
 Ethics for Organization Employees

 Keeping up associations with and obligations toward clients, customers, collaborators,

workers, and managers.

 Making basic choices that have huge Consequences for some individuals.

 Determining how to oversee, select, or use PCs in an expert setting.

 They should know customers rely on their knowledge, expertise, and honesty,
 They should understand their products (and related risks) affect many people,
 They should follow good professional standards and practices,
 They should maintain an expected level of competence and are up to- date on current
knowledge and technology
 They should educate the non-computer professional

 Concerns of Ethics

 One's conduct of behavior and practice while doing professional work,

 Relations with peers in the work place
 Conduct of duties towards the employer
 Obligations towards the customer
 Responsibility for the eventual fate of the calling on the loose.
 Responsibility for the wellbeing of the society at large
 Code of Ethics

 To maintain a strategic distance from genuine or saw irreconcilable circumstances at

whatever point conceivable

 To be straightforward and practical in expressing cases or gauges dependent on

accessible Data

 To dismiss pay off in the entirety of its structures Outcomes.

 To look for, acknowledge, and offer legit analysis of specialized work, to Acknowledge

and address blunders, and to credit appropriately the commitments of others

 To treat genuinely all people paying little mind to such factors as race, religion, Gender,

handicap, age, or national cause

 To abstain from harming others, their property, notoriety, or work by False or noxious

activity

 To help associates and colleagues in their expert Development and to help them in

following this code of morals

 Advantages of Code of Ethics

 A Code of Ethics enables us to

 Set out the beliefs and duties of the calling

 Extract a regulatory effect, protecting both clients and professionals

 Improve the profile of the profession

 Motivate and inspire practitioners

  Provide guidance on acceptable conduct

 Raise awareness and consciousness of issues

 Improve quality and consistency

 Diverse partner and their perspective:

Undertaking partners can be assembled into two classes:

1. Internal Stakeholders
2. External Stakeholders

 Internal Stakeholders

Internal stakeholders are within the organization

 A sponsor (person who introduces and supports a proposal for legislation)

 An inner customer(anyone inside an association who whenever is reliant on any other

person inside the association)

 A program supervisor (go about as a facilitator for an association's tasks)

 A portfolio manager(extensive research to make investment decisions for a fund or

group of funds under their control)

 Management
  External Stakeholder

Internal Stakeholders are:

Owners:
Proprietor partners are the proprietors of an association. They flexibly capital or value to the
business and have a state in how everything runs. There can be different proprietors at a
business, and every proprietor would have value in the business.

Providers:

Providers are individuals or organizations who offer merchandise to your business and depend
on you for income from the offer of those products. Providers are likewise frequently worried
about wellbeing, since their items can legitimately affect your business' tasks.

Financial specialists:

Speculators can incorporate proprietors however they can likewise be outside sellers who
commonly reserve an option to exact and auspicious data, for example, customary fiscal
summaries. Speculators may likewise reserve the privilege to support or reject significant
choices like mergers and acquisitions.

Loan bosses:

Loan bosses loan cash to organizations, and they could likewise have a made sure about
enthusiasm for the organization's worth. Banks get repaid from the offer of items or
administrations at your business.

Networks:

Networks are significant partners in organizations on the grounds that each gathering are
commonly gainful in unexpected manners in comparison to, state a provider and your business.
Networks are affected by things like

• Job creation

• Safety

• Economic advancement

• Health (from natural turn of events)

Worker's organization:

A worker's organization (likewise called worker's organization) is an association of laborers in a

specific industry that exists to make sure about great upgrades in pay, benefits, safe working
conditions, or social and political status through aggregate dealing

Representatives:

Representatives have an immediate stake in the organization. They interface legitimately with
clients, win cash to help themselves and offer help to the business activities also.

Government:

Government offices can likewise be thought of as a significant partner in a business. They gather
charges from the organization its representatives and from other spending the organization does.

Clients:

Clients are the individuals who purchase business items. Clients hope to purchase the best
quality from that business however at a reasonable cost.

Media
Each business needs media distribution connections to get the message out about their image.