Ethical decision making in Indian business scenario

Ethics are individual concern about right or wrong. It includes one's own moral judgments to think what is right and what is wrong. Every business is dependent upon its employees who take decision on behalf of a business. And every individual is influenced by the culture of company whose main target is to earn profit. They face different types of ethical dilemmas every day. Business ethics is basically the acceptable behavior organizations expect from its employees. Strong ethical decision making is a helpful tool to help organizations to select the best opportunities and to success in long run. Corporate Governance is also helpful for the organizations to take right decision at right time to lower cost of capital, proper utilization of resources and betterment of everyone associated with the organization.