Asian and Indian Approaches to Ethics and Theory Business ethics is a form of applied ethics dealing with moral rights and wrong. (Thite, 2013). In the contemporary business environment, a firm orientation to corporate ethics is influenced by its organizational culture, and India has become one of the rising superpowers in the contemporary global economy where HR (human resources) are very critical for organizational strategic advantages because effective management of employee is crucial for organizational innovative advantage. Moreover, HR focuses on employee welfare and functions to develop their talents for a firm's growth. Despite the benefits of the HR to organizational market advantages, organizations face real challenges in balancing ethical values and business with reference to HR function. A firm ethical reputation determines the ability of a firm to attract and retain talent and competent employees.

Objective of this paper is to explore Asian and Indian approaches to ethics and theory

1. Ethical dilemmas and Issues

Danon-Leva, Cavico, & Mujtaba, B.D. (2010) define business ethics as a specialized field that provides an interaction between business and ethics. Thus, several Indian firms are internationalizing their businesses operating in both developing and developed countries investing in HR practice to comply with international standards and employment regulations. Marta, et al. (2013) define institutionalization of ethics as a level by which organizations incorporate ethics into corporate decision making. Similar to India where organizations are integrating ethics in their organizational practice globally, Thailand has also integrated...

For example, Thailand has shown an increased interest in the quality of works by integrating ethical practice in business operations. Despite Thailand's effort in promoting quality of life through an ethical practice, the institutionalization of ethical practice in the United States and Thailand is different. A collectivistic is the characteristics of Thailand culture while individualistic is the characteristics of American culture that strengthens or weakens the internationalization of ethical practice. Marta et al. (2013) point out institutionalization of ethics is very important in corporate decision making, however, Thai organizations demonstrate a lower level of implicit and explicit ethical practice compared to the U.S. organizations that integrate a high level of ethical practice in their decision making that affect QWL (Quality of Work). The QWL refers to a level where employee derives satisfaction from a variety of needs such as resources, outcomes, and activity stemming from workplace participation. However, the degree of Thai ethical practice and level of development in Thailand do not make Thai organizations recording lower or higher level of QWL.
2. Ethical theories, moral frameworks or values influencing Ethical Dilemmas

Marta (2013) identify ethics institutionalization as one of the ethical theoretical frameworks where business organizations implicitly and explicitly incorporate ethics into their organizational decision making. Typically, implicit ethics refers to ethical behavior where open communication and leadership are incorporated in the organizational ethical behaviors.

However,…