1. 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

2. N Murthy to head ethics council
BS Reporter / Mumbai February 12, 2009, 0:53 IST
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.

3. 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 right or wrong, good or evil
If an action agrees with these standards, it is ethical;
if not , it unethical

4. MORALITY an individual or a group has about what is right and wrong or
the standards that
an individual or
a group
has about what is
right and wrong or
good and evil

5. MORAL STANDARDS
The norms about the kinds of actions believed to be
morally right and wrong
as well as the values placed on the kinds of objects believed to be
morally good and morally bad

6. BUSINESS ETHICS
a specialised study of
moral right and wrong
that concetrates on moral standards
as they apply to business institutions, organisations and behavior

7. 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

8. 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

9. 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

10. 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

11. honesty is the best policy trusteeship
MAHATMA GHANDHI
honesty is the best policy
trusteeship

12. SRI AUROBINDO
the kernel of the true ethical being remains the same will, character, self discipline, self mastery

13. 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.

14. By Artha we mean wealth, family, friends, education etc
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.

15. 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

16. 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.

17. Objectives of business Owners of business Customers Employees
ISSUES IN BUSINESS ETHOS
Objectives of business
Owners of business
Customers
Employees
Creditors
Government
Competitive institutions
Local community
National interest

18. Objectives of business maximum profit, reasonable profit
ISSUES IN BUSINESS ETHOS
Objectives of business
maximum profit, reasonable profit
social, human and national ,

19. investment on profitable project risk in establishing new business
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

20. quality, price and usability purity and safety pricing of goods
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

21. training and development wages and salaries labour welfare
ISSUES IN BUSINESS ETHOS
Employees
appointment
promotion
transfer
security
training and development
wages and salaries
labour welfare

22. utilisation of loans on profitable schemes
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

23. proper assessment of taxes implementing government policies
ISSUES IN BUSINESS ETHOS
Government
payment of taxes
proper assessment of taxes
implementing government policies
maintaining proper accounts
donation to political parties

24. Competitive institutions
ISSUES IN BUSINESS ETHOS
Competitive institutions
while criticizing the policies of competing institutions ethical considerations are necessary

25. health, education, living standards (coke, tata) waste disposal
ISSUES IN BUSINESS ETHOS
Local community
health, education, living standards (coke, tata)
waste disposal
social welfare and community development
environment protection
priority in employement

26. Divinity of human being Balance Individual
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

27. Divinity of human being one can be a perfect being
INDIAN ETHOS AND INSIGHTS
Divinity of human being
one can be a perfect being

28. desire and desirelessness
INDIAN ETHOS AND INSIGHTS
Balance
desire and desirelessness
even a king be the knower of reality eg Janaka

29. if you are good world is good
INDIAN ETHOS AND INSIGHTS
Individual
if you are good world is good

30. Divine element in individual
INDIAN ETHOS AND INSIGHTS
Divine element in individual
individual is a portion of cosmic consciousness

31. INDIAN ETHOS AND INSIGHTS
Based on scriptures
veda,

32. Emphasis on values, human and ethics
INDIAN ETHOS AND INSIGHTS
Emphasis on values, human and ethics
knowledge is not power but character

33. Emphasis on duties and responsibilities
INDIAN ETHOS AND INSIGHTS
Emphasis on duties and responsibilities

34. All work is worthy work is worship Bhagwat-Gita
INDIAN ETHOS AND INSIGHTS
All work is worthy
work is worship
Bhagwat-Gita

35. the most important tenets of Indian model HUMAN VALUES HOLISM
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

36. 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

37. dharma or divine nature – east
Relevance of value in Management;
dharma or divine nature – east
Values
integrity - west

38. Relevance of value in Management;
Integrity wholeness
goodness
courage
self discipline
Dharma spirit
righteousness (godliness)
fearlessness

39. Values vs Skills
To become need value , to do we need skill
Becoming ( need value) must precede doing (skill)
Values are internal skill is external

40. Why value based holistic management
Exploitation of nature
2 Man – machine equation

41. Managerial Effectiveness
Value Driven Management
Managerial Effectiveness
Value orientation (is central)
Pure mind
Four traditional methods of mind purification
GYANA
KARMA
BHAKTHI
RAJA
Path of knowledge
Knowing self
Path of mind control
meditation
Path of devotion
Self surrender
Path of action
Selfless action

42. Holistic Approach:
Based on
spiritual principle of unity, oneness, non dual
universe is undivided whole
entire humanity is ONE

43. Ethical relativism
morality is just function of what a particular society happens to believe

44. 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

45. Role of organisational culture in ethics
Tool to promote ethical corporate behavior
fostering core values based on ethics
focus on dominant beliefs

46. Structure of ethics management
Control
Guidance
Management
Legal framework (weak)
Leadership based on service
Adaptable, flexible organization
Internal policies (informal)
Formal & informal socialization
Practices, traditions evolved by adaptation
Shared values
Ethical analysis skills
The elements of ES according to their function in a Mexican NPO

47. Ethics committee
ethics steering committee for
ethics policy formulation
guidance
co ordination
up dating policy

48. Communicating ethics
Communicating formal or informal
top management commitment , leadership are communicated in many ways
speeches
directives
company publications
policy statements
most important actions

49. Ethical Audit
Before launching on an audit
Purpose
Type and topics
Context
Process
People
Analysis and reporting
Follow up

50. Social responsibility
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