According to Dessler (2011), Ethics refers to “the principles of conduct governing an individual or a group; specifically, the standards you use to decide what your conduct should be�. As such, ‘Ethics’ implies to conforming to a set of generally accepted standards of behavior in regard to moral conduct. Unethical behavior describes the opposite of this thought. In a business setting, several mechanisms (as discussed hereunder) can be used to manage and counter instances of unethical behavior. These include but are not limited to the ‘role modeling’ nature of management and supervisors, open and transparent communication, inclined commitment to be conventional codes of ethics and reinforcement of the same. It is understood that in today’s dynamic and challenging business environment, people may easily find justifications of looking the other way as far as adherence to rules, guidelines and ethical practices is concerned or when faced with an ethical dilemma in other words. Still, Ethical Behavior in an organization represents a major factor for attainment of success.