The organizations are entrenched in and interact with dual ever-changing local, national and international environments. Based on doing interaction with multiple environments, the business is need to used ethical. According to Weiss J (2008) on that point is three reason why business needed moral philosophy: first, many times laws do not cover all(prenominal) aspects or gray area of a problem, minute: free market and regulated-market mechanism do not efficaciously inform owners and managers how to respond to complex issues that have far-reaching ethical consequences and thirdly: complex moral require where company policies are extra in scope in covering human, environmental and favorable cost of doing business.
In the year of 1970, Professor Muhammad Yunus established Grameen fix with the objective to serve the poor mint in Bangladesh. The Grameen wedge is adapting microfinance model that applied in all branch of Grameen curse. The Grameen strand growth is fast it shown from the number of borrower start from 15.000 people affix into 100.000 within 4 years. The operation of Grameen commit has help thousands of people in Bangladesh (Taneja K., 2009). By the year of 2006 Grameen bank become more(prenominal) popular together with the Nobel Peace Prize that has been received by Grameen CEO (Boysen and Sahlberg, 2008).
The Ethic Role in Grameen Banking
According to Bozovic J (2007) there are essential of ethical values that back end be implementing in banking effort:
Principles of mutual trust, in banking industry most of the correlation between the clients and the bank happen through the phone, the customers trust the bank employees to handling their problem. The trust from the customers is the most of import things that the bank will feel. Without trust between bank and customers the business system would not run effectively. In Grameen bank, the mutual trust is happened not from the phone but it happened locution to face when the employees of the Grameen bank come to the customers and...If you want to get a full essay, order it on our website: Ordercustompaper.com
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