Ethical practices in business background

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Hydrian Software Solutions Presented to: M/s Tehzeeb Sakina Amir

Transcript of Ethical practices in business background

Page 1: Ethical practices in business background

Hydrian Software Solutions

Presented to:M/s Tehzeeb Sakina Amir

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Muhammad Umer

Mehak Waqar

Sara Khan Ghouri

Fatima Moin

Umar Jaleel

Group Members:

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Business Ethics and Understanding An Overview Of IT Industry Introduction to HYDRIAN Business Environment With laws Code and Conducts Observation Recommendations CONCLUSION

What we’re going to cover:

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Business ethics are moral principles that guide the way a business behaves.

An ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice

Ethical concept in a business mostly related to economical, political, legal and social system

Business Ethics and Understanding.

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Pakistan is fastest becoming the destination of choice for a significant number of international IT/ITeS companies looking to relocate their operations offshore

Pakistan's IT industry's global share is estimated at US$2.8 billion.

A skilled workforce of 110,000 English-speaking IT professionals in the economy, of which 24,000 are engaged in exports.

IT Industry Overview:

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Nine STPs offering around 700,000 square feet of IT-enabled office space.

Seven multinational companies have 'Development Centers' in Pakistan.

110 ISO 9001, 23 CMMi and 11 ISO 27001 certified companies.

A strong telecom sector supports the IT industry's development.

Nearly 1500 companies. Two are listed on the Karachi Stock Exchange (KSE), 2 on the National Association of Securities Dealers Automated Quotations (NASDAQ) and 1 on the Dubai International Financial Exchange (DIFX).

Cont’d…

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In Mobile, Gaming & Animation Industry it is Babar Ahmed whose Mind storm Studios created Cricket Revolution™

The first PC game produced by a Pakistani gaming outfit to sell in retail stores internationally.

recently launched the official game of the ICC World Cup 2011

Mobile Gaming & Animation:

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Hasan Rizvi whose Pepper.PK made history by developing two top-ranking paid BlackBerry applications at BlackBerry’s AppWorld store

Umair Javed of TkXeL who prides himself in creating not one but two 100% "Made in Pakistan" mobile applications and gaming companies from a university lab in Lahore

Cont’d…

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IT Companies take a boom in telecom industry

From a market thrust standpoint, for instance, companies can be divided into three distinct streams:

• Focused towards the developed world, especially the European Union (EU) and the United States (US)• Focused towards rest of the world, especially the Asia-Pacific (AP) region• Focused towards the emerging markets and developing countries in the Middle East and North Africa (MENA), including, Pakistan’s domestic market at home

Pak’s Financial Software Industry

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In 1997, Bilal Hashmat founded CureMD – a New York - based company – to provide IT solutions to the growing US healthcare market.

The first company in the world to o‑er cloud - based services to the healthcare industry

CureMD today is one of the top-ranked healthcare IT providers in the United States

Pakistan can pride itself on contribution to one of the largest healthcare providers in the world

Global Health Care

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Haydrian was founded by a group of financial experts to provide state-of-the-art tools for institutions

Haydrian is comprised of world leaders in international banking, financial market and financial crime prevention on a national and international scale.

Haydrian is committed to provide ongoing support

Haydrian goal is that every client should be an ongoing enthusiastic reference for our people as well as our technology

INTRODUCTION HAYDRIAN

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Haydrian solutions for AML and Anti-Fraud have been designed by the most experienced team of financial experts in these specific areas of risk management

Haydrian has assembled a preeminent team of recognized leaders in banking and antimoney laundering systems

Cont’d…

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Environmental laws in the US protect air and water resources and control certain aspects of land-use as well, particularly disposal of wastes on land.

Laws on the books also control the environment in the workplace and noise levels caused by machinery, especially aircraft.

BUSINESS ENVIRONMENT WITH LAWS:

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1. Trade Secret Protection. 2. Copyright Law. 3. Patent Protection. 4. Trademark and Trade Dress. 6. Software Licensing. 7. Antitrust in the Computer Industry. 8. International Protection of Computer

Technology.

Value System:

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State Laws

* Uniform Electronic Transaction Act (UETA).

Federals Laws*Health Insurance Portability and Accountability Act (HIPAA).

*Digital Millennium Copyright Act (DMCA):

*The Administrative Simplification Compliance Act (ASCA):

*Higher Education Opportunity Act of 2008 - Digital Copyright Law Compliance

*Electronic Communications Privacy Act (ECPA):

*United States Telecommunications Act :

Law for Industry:

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Respect of the employees.

Equal opportunity.

Develop cooperative environment.

Conflict resolution.

Not to engage in illegal affairs.

CODE OF CONDUCT:

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Fulfill customer needs and wants and create customer satisfy.

Not to engage in any unethical practices within and outside the organization.

Bribery and Anti-Corruption:

Cont’d…

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No security level . The Hydrian Software Solution was small in size and only

3 to 4 persons were running the organization. Except of vice president (MUSTAFA SYED), the rest of the

employees were not formally dressed up. The vice president was educated, experienced, practiced,

friendly and somehow aggressive in talking. Vice president was not giving an appropriate response or interest towards the unethical questions which were being asked by group members; actually he was trying to hide his organization’s unethical practices.

When group members were asking one question through different modes then he showed his slight level of interest towards their unethical organizational practices.

Observations:

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He said that we have compliance department that reports the unethical practices if they occurs in the organization.

Vice president said that sometime he tells a lie to his customers about selling of any software because he believed that without telling a lie to customers the sales of the company will not increase.

Vice president discussed that no organization is free from unethical practices, and eventually showed his interest that some unethical practices in his organization were being caught by compliance department in the past.

Cont’d

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Hydrian Software Solution should enforce a better security system for visitors and customers.

The rest of the Hydrian Software Solution employees should dress up themselves with formal attire in order to look good in front of customers.

The vice president and other employees of Hydrian organization should not tell a lie to their customers for the sake of increasing sales of the company.

Compliance department should report ethically and properly to the upper management of the organization.

RECOMMENDATIONS:

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Hydrian Software can enhance its public image by providing easy to access, hacking free software’s to customers.

Network companies should not deduct the hidden charges from their customers.

Organization should train new employees and should not impose pressure to increase sales.

Organization should expand its size and should hire skillful people and should give them chance to show their skills or talent.

Hydrian software solution should not only focus to the banking sector but should also provide software’s for everyone.

Cont’d…

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Hydrian Software Solution is providing software services to different banking sectors, embraced of world leaders in international banking and its securities. However, Hydrian fulfills the laws of industry but eventually doing some unethical practices within and outside the organization.

Conclusion:

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ThankyouAwaiting for your Questions…