The study reviews the issues of ethics faced by IT industry in the onslaught of rapidly evolving technology,
This report also explores the impact of legislation and other steps taken by stake holders to manage the ethics in the sector.
Information Technology (IT) has revolutionised the business concepts and models. It provides businesses with new and better approach to stay competitive in the marketplace.
This rapid adaptation of IT and increased use of information systems, virtual environment, software, internet, ecommerce etc. has created serious ethical challenges for businesses. Degree of dependency of organizations on IT has inflated possibilities of unethical practices and increased concern over ethical decision making.
This makes it important for industry leaders to understand the ethics of the industry, moral judgement and decision making tactics which help them plan and evaluate their approaches properly towards ethical conduct in corporate environment and develop techniques to avoid ethical misconducts and their adverse effects on organizations’ performance.
This study explores the major ethical issues faced by the IT sector, role of stakeholders’ in influencing the organizational culture and behaviour, factors responsible for driving business ethics and how business ethics has helped companies.
FOLLOWING MENTIONED ARE SOME OF THE COMMON CHALLENGES FACED BY IT INDUSTRY:
· Immoral Use of Data:
Illegal and immoral use of data, reports and financial information with a purpose of manipulating financial market is one of the major challenges that has created ethical dilemma for the industry.
· Invasion of Privacy:
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personal/confidential information without the consent or permission. With E-commerce and the internet revolutionizing, the protection of personal information of public has become one of the most important factors that concerns ethics in Information technology.
Recognizing the potential of the problem, the legislation in some countries has enforced organizations to exercise strict control over the access to critical information especially financial data.
· ETHICAL CHALLENGES FOR IT COMPANIES ARE:
· Product reliability and organizational trust:
Multinational organizations rely on sophisticated software systems for handling delicate business transactions. Even a small interruption has a potential to cause huge economical consequences. Therefore, for any IT company, that seek to succeed in global market, must offer reliable products to the clientele.
Ethical dilemma is created when the reliability of a product is questioned. Defect in the software is not a result of carelessness of the vendor or his ill intensions, it is because of certain challenges that cannot be ignored such as bugs in the software.
Ethical dilemma is created when questions are raised: Whether it’s the vendor who is ultimately responsible...