Business Ethics for Employee Development in Pakistan

Abstract

Globalization has placed modern organizations in tremendous competition locally and regionally across borders; thus, the ultimate goal of every organization is the same which is profitable survival. In order to make sure that this profitable survival goal does not come at the cost of harming others, guiding principles are needed to bring goodness and fairness for the stakeholders' interests. This paves the way for designing, implementing and adopting ethical principles in the organization to keep competition fair and just. This chapter highlights the significance of adopting ethical practices in organizations at the threshold of 21st century and its challenges. It discusses how individual ethics system has been formed which further goes to make a healthy workplace. As religion has always been a source of inspiration for its followers, hence, this chapter attempts to trace ethical inspirations in religious teachings, specifically Islamic work ethics. Recommendations for training and development are provided.