Although profit is the main reason for setting up a business, business management should not only focus on individual gains but also consider the welfare of the public.
Speakers said this at a seminar titled “Importance of Business Ethics: Perspective Bangladesh,” held on Sunday at the seminar hall of Ahsanullah University of Science and Technology (AUST) in the capital.
The seminar was jointly organized by Ethics Education for Sustainable Development (E2SD) and the School of Business, AUST, said a press release.
They said that there are instances of profit manipulation that deviate from ethical standards. Examples include practices such as giving less weight, food adulteration, selling rotten or expired food, and mixing harmful chemicals in fruits and vegetables. These unethical profit-seeking activities have had a significant negative impact on people’s lives, added the release.
The speakers emphasized the importance of conducting business in accordance with ethical standards. They stressed that business management should not only focus on individual gains but also consider the welfare of the public. If business organizations’ managers operate with these considerations in mind, the entire nation will benefit, ensuring sustainable development. Similarly, the workforce, inspired by ethical standards, will strive to adhere to them, avoiding the problems caused by unethical business practices.
Presided over by KaziRafiqulAlam, president of DAM, SWAN Group Chairman KhabeerUddin Khan graced the event as the chief guest.
It is worth noting that E2SD of Dhaka Ahsania Mission and the North American Islamic Community (NABIC) are jointly working towards establishing a peaceful society by promoting ethics and values.
