DQ7 Essay Example | Topics and Well Written Essays - 500 words

DQ7 - Essay Example For example, it is a common practice in business that the quotations or estimates submitted for a project tapped by the competitors using false means. They will utilize the information in the tapped documents for their advantages while submitting their quotations for the same project. In a highly professional business world such things may not be considered as a sin. But ethically it is not a good practice since such practices may result in unhealthy competition which will be harmful to the overall business activities. A company which follows strong ethical standards in their business will never go after such undercutting methods and we can conclude that normal decisions and moral decisions are entirely different in the current world in general and in the business world in specific. Morality is a social invention which is essential for the sustainability of a society. We cannot think of a society which is filled with immoral activities, survive for a long period. For example, if robbery is legally allowed in a society to tackle poverty, what will happen? Thus moral decisions are always different from the rational decisions. Information is one of the main segments of an organization. It is often said that man, material, machine and money (4M’s) are the four major components required for the smooth functioning of an organization. In fact information is equally important with the above mentioned 4M’s of business. Like all the other resources of an organization, information of a company needs to be protected well for the business growth. It is easy for the competitors to devise strategies well in advance to counter the innovative and challenging business strategies of an organization, if the secret information of the company leaked via the managers or some other employees of the organization. The managers have a variety of the information regarding the future plans of an organization. It is necessary to keep such information as secrets for the well