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BUSINESS ETHICS & INDIAN ETHOS IN MANAGEMENT Ethics culture and values, PowerPoint Presentation
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BUSINESS ETHICS & INDIAN ETHOS IN MANAGEMENT Ethics culture and values, Importance of culture in org, Indian ethos and value systems, concepts of dharma, Nishkama karma and purusharthas ; Model of management in Indian socio political environment .

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BUSINESS ETHICS & INDIAN ETHOS IN MANAGEMENT

Ethics culture and values,

Importance of culture in org,

Indian ethos and value systems,

concepts of dharma, Nishkama karma and purusharthas;

Model of management in Indian socio political environment .

Work ethos Indian heritage in production and consumption

slide2

Taking a cue from the recent Satyam Computer Services fraud case that has hit the corporate image of India, software body Nasscom announced the formation of a Corporate Governance and Ethics Council today.

slide3

ETHICS

Ethics is a set of standards, or a code or value system, worked out from human reason and experience,

by which free human actions are determined as ultimately rightor wrong, good or evil

If an action agrees with these standards, it is ethical;

if not , it unethical

slide4

MORALITY

the standards that

an individual or

a group

has about what is

rightand wrongor

goodand evil

slide5

MORAL STANDARDS

The norms about the kinds of actions believed to be

morally rightand wrong

as well as the values placed on the kinds of objects believed to be

morally goodand morally bad

slide6

BUSINESS ETHICS

a specialised study of

moral right and wrong

that concetrates on moral standards

as they apply to business institutions, organisations and behavior

slide7

ARGUMENTS AGAINST…………….

in a free market economy, the persuit of profit will ensure maximum social benefit

a managers most important obligation is to the company

Business ethics is limited to obeying the law

slide8

ARGUMENTS SUPPORTING ETHICS

ethics applies to all human activities

business cannot survive without ethics

ethics is consistent with profit seeking

customers and employees care about ethics

slide9

RABINDRANATH TAGORE

The moral side represents training of unselfishnesss, control desire, the spiritual side represents sympathy and love. They should be taken together and never seperated

We long for things not because they are great in themselves, but because they are great in themselves, but because our greed exaggerates them………These exaggeratins ……..break harmony of our life at every step, we lose the true standards of life

slide10

VIVEKANANDA

all the secrets of success is there to pay as much attention to the means as to the end

Ethics itself is not the end

slide11

MAHATMA GHANDHI

honesty is the best policy

trusteeship

slide12

SRI AUROBINDO

the kernel of the true ethical being remains the same will, character, self discipline, self mastery

slide13

PURUSHARTHA

These four steps are Dharma, Artha, Kama and Moksha.

The word Dharma means that which holds society and the world. By following its rules, one becomes virtuous. For our purpose we may describe Dharma as right conduct.

slide14

By Artha we mean wealth, family, friends, education etc. These should be earned in the right way. That can be done only by following the rules of Dharma.

If we observe Dharma in the right way, we earn the right kind of Artha. The first leads to the second.

slide15

Kama means desire or love. This desire should be moral.

If we practise Dharma and earn Artha in the right way, our Kama too will be of the right type

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Moksha is the last step in the journey of man’s life.

The first three steps will naturally lead to the last step. If, however, we make a mistake in the earlier steps, we will not reach the last step. The word Moksha means liberation. A person who is liberated has no further birth or death. So, he need not suffer the pains and enjoy the small pleasures of the earth.

slide17

ISSUES IN BUSINESS ETHOS

Objectives of business

Owners of business

Customers

Employees

Creditors

Government

Competitive institutions

Local community

National interest

slide18

ISSUES IN BUSINESS ETHOS

Objectives of business

maximum profit, reasonable profit

social, human and national ,

slide19

ISSUES IN BUSINESS ETHOS

Owners of business

investment on profitable project

risk in establishing new business

safeguard interest of minority shareholders

info to every member of the progress

slide20

ISSUES IN BUSINESS ETHOS

Customers

quality, price and usability

purity and safety

pricing of goods

correct measure and weight

protection of consumer right

warranty

misleading ad and publicity

MRTP

slide21

ISSUES IN BUSINESS ETHOS

Employees

appointment

promotion

transfer

security

training and development

wages and salaries

labour welfare

slide22

ISSUES IN BUSINESS ETHOS

Creditors

utilisation of loans on profitable schemes

observation of terms and conditions of loan

maintaining of proper accounts of loan

timely payment of interest

timely repayment of loans

slide23

ISSUES IN BUSINESS ETHOS

Government

payment of taxes

proper assessment of taxes

implementing government policies

maintaining proper accounts

donation to political parties

slide24

ISSUES IN BUSINESS ETHOS

Competitive institutions

while criticizing the policies of competing institutions ethical considerations are necessary

slide25

ISSUES IN BUSINESS ETHOS

Local community

health, education, living standards (coke, tata)

waste disposal

social welfare and community development

environment protection

priority in employement

slide26

INDIAN ETHOS AND INSIGHTS

Divinity of human being

Balance

Individual

Divine element in individual

Based on scriptures

Emphasis on values, human and ethics

Emphasis on duties and responsibilities

All work is worthy

slide27

INDIAN ETHOS AND INSIGHTS

Divinity of human being

one can be a perfect being

slide28

INDIAN ETHOS AND INSIGHTS

Balance

desire and desirelessness

even a king be the knower of reality egJanaka

slide29

INDIAN ETHOS AND INSIGHTS

Individual

if you are good world is good

slide30

INDIAN ETHOS AND INSIGHTS

Divine element in individual

individual is a portion of cosmic consciousness

slide31

INDIAN ETHOS AND INSIGHTS

Based on scriptures

veda,

slide32

INDIAN ETHOS AND INSIGHTS

Emphasis on values, human and ethics

knowledge is not power but character

slide33

INDIAN ETHOS AND INSIGHTS

Emphasis on duties and responsibilities

slide34

INDIAN ETHOS AND INSIGHTS

All work is worthy

work is worship

Bhagwat-Gita

slide35

Model of management in Indian socio political environment .

the most important tenets of Indian model

HUMAN VALUES

HOLISM

There are three types of moral theories in ethics

utilitarian : greatest good for greatest number

all people have basic rights

theory of justice

slide36

Business Ethics:

Five part structure

the specification of moral judgment

moral judgment and moral standard

justification of moral judgment

logical reasoning and moral judgment

moral judgment and moral responsibility

slide37

Relevance of value in Management;

dharma or divine nature – east

Values

integrity - west

slide38

Relevance of value in Management;

Integrity wholeness

goodness

courage

self discipline

Dharma spirit

righteousness (godliness)

fearlessness

slide39

ValuesvsSkills

To become need value , to do we need skill

Becoming ( need value) must precede doing (skill)

Values are internal skill is external

slide40

Why value based holistic management

Exploitation of nature

2 Man – machine equation

slide41

Value Driven Management

Managerial Effectiveness

Value orientation (is central)

Pure mind

Four traditional methods of mind purification

GYANA

RAJA

BHAKTHI

KARMA

Path of knowledge

Knowing self

Path of mind control

meditation

Path of devotion

Self surrender

Path of action

Selfless action

slide42

Holistic Approach:

Based on

spiritual principle of unity, oneness, non dual

universe is undivided whole

entire humanity is ONE

slide43

Ethical relativism

morality is just function of what a particular society happens to believe

slide44

Ethics Management

  • A helping hand rather than accusing finger
  • Prevention rather than repression
  • Tailor made approach rather than uniform approach
  • Process orientation rather than product orientation
  • Evolving rather than starting from nothing
  • Integrated effort rather than fragmented effort
  • Continuing attention rather than single
slide45

Role of organisational culture in ethics

Tool to promote ethical corporate behavior

fostering core values based on ethics

focus on dominant beliefs

slide46

Structure of ethics management

The elements of ES according to their function in a Mexican NPO

http://soc.kuleuven.be/io/ethics/paper/

slide47

Ethics committee

ethics steering committee for

ethics policy formulation

guidance

co ordination

up dating policy

slide48

Communicating ethics

Communicating formal or informal

top management commitment , leadership are communicated in many ways

speeches

directives

company publications

policy statements

most important actions

slide49

Ethical Audit

Before launching on an audit

Purpose

Type and topics

Context

Process

People

Analysis and reporting

Follow up

slide50

Corporate governance

set of systems and processes

ensure that company is managed in the best interests of stake holders

Social responsibility

Business Ethics

Business Policy

Public Policy