Information system has revolutionized the way information is being transferred and the way information being passed from one person to other. They provide speed, efficiency, dependability, quality, accuracy, reliability for the information and help the organization to achieve the objective of the organization. Ethics is an important aspect in information system. The fact is that business which does ethically will remain for long in the market and ensures steady growth and great acceptance of the products or services from the customers. There are many organizations which are unethical has caused a social outcry and intervention from authorities and didn’t prove favorable and created problem for the future of the company. Innovation, efficiency, effectiveness, the ability to utilize market potential optimally, recognize the signs of the times , and the art of saving costs and expenses in the right place at the right time will continue to be of greatest importance alongside all the other corporate virtues. However, an additional element will gain in significance: applied business ethics. It will become more and more a new, solid basis for competitive ability, breaching the limits of classical markets. The more affluent a society is, the more significant non material values become. Corporations that act in a visibly ethical will be preferred by informed consumers more and more. This fact will become a problem for those corporations that ignore moral aspects, and for others it will become a problem for those corporations that ignore moral aspects, and others it will be an opportunity to get the very top

GOOD ETHICS ARE GOOD BUSINESS

Something which directs the behavior of the company is its ethics. The worst conceivable result of high moral standards would be competitive or other tangible detriment because the special efforts to cost a company attaches to ethical consideration result in net disadvantage for it. The information system is considered as one of the major functional area of business. It is an important contributor to the operational efficiency, employee productivity, morale, customer service and satisfaction. It is a major source of information and it helps in decision making. Information system is a vital ingredient in making our products and services more competitive in the global environment or in the global market. It is a dynamic and more challenging career opportunity and it is a key component of today’s networked business. It emphasizes on the quality, strategic business value and security of an organizational information system. It helps to control cost hence helps in cost reduction. It helps in the easy flow of information from one person to other or helps in passing information from the top level managers to the operational level managers When a strategy is adopted to use information technology what people think is how it can be utilized to earn extra income so that they can earn more money

Managing Ethics

Everybody has the responsibility to be ethical in areas wherever they are and whatever they do. According to Webster dictionary, “ethics is defined as the discipline dealing with what are good and bad. Thus ethics is concerned with doing business with truth and justice and other aspects such as fair or healthy competition, meeting the expectations of the society, public relations, social responsibility, consumer autonomy and corporate behavior. When we speak about managing ethics of an organization mainly there are three theories coming to mind. They are: