Ethics:
The discipline dealing with what is good and bad and with moral duty and obligation
Or
The principles of conduct governing an individual or a group
This definition is a general definition of ethics given in any dictionary.
Ethics according to me is doing what you are doing the right way and for the right reasons. It deals not only with morality but with character… How do you behave when the lights are out?
That portrays your true character and your true sense of ethics.
Business ethics in its simplest definition is a portrayal of character of an organization or an individual when taking business decisions.
Cosmetic Industry:
Cosmetics are substances used to enhance or protect the appearance or odour of the human body.
Cosmetics are meant to be rubbed, poured, sprinkled or sprayed on, or otherwise applied for cleansing, beautifying, promoting attractiveness or altering appearance.
Cosmetics contain mineral or metallic and nonmetallic additives. The use and concentration of heavy metals play an important role in cosmetics production.
Like all processes producing goods that get ingested or can otherwise reach into human bodies the manufacturing of cosmetics is under strict regulations and legislations and thus needs continuous control and monitoring.
The question is… are these rules strict enough? Are the manufacturing companies adhering to them? And is the consumer aware of these rules & regulations?
Ethics in the Cosmetic Industry :-
Marketing plays an important role in promoting cosmetics. Marketing essentially means co-creation of consumer value. The organization and consumer walk hand-in-hand. It is the duty of organizations to improve lives, educate the customers and make them aware.
Marketing a safe product is a company’s responsibility. However, the products that are marketed over promise and under deliver. The information provided to the customer is either misleading or