Book description
Business Ethics: An Indian Perspective provides a comprehensive coverage of the theories of business ethics and emphasizes the importance of ethical principles in overcoming moral dilemmas in the business world. Using a large number of India-centric case studies and examples, this book helps readers develop the reasoning and analytical skills needed to apply ethical concepts to business.Table of contents
- Cover
- Title Page
- Brief Contents
- Contents
- About the Author
- Preface to the Second Edition
- Preface
- Abbreviations
-
Part 1: Theories Underlying the Issues and Problems of Business Ethics
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Chapter 1: Business Ethics: An Overview
- Introduction
- Principles of Personal Ethics
- Principles of Professional Ethics
- What Is Business Ethics?
- What Is Not Business Ethics?
- Code of Conduct and Ethics for Managers
- Evolution of Ethics Over the Years
- Importance and Need for Business Ethics
- Significance of Business Ethics
- Honesty, Integrity and Transparency Are the Touchstones of Business Ethics
- Values and Ethics in Business
- Values, Ethics and Business Strategy
- Distinction Between Values and Ethics
- Roots of Unethical Behaviour
- Why Does Business Have Such a Negative Image?
- Why Should Businesses Act Ethically?
- Ethical Decision-making
- How Corporations Observe Ethics in Their Organizations?
- Changing Business Environment and Ethical Challenges
- Corporate Governance Ethics
- How Ethics Can Make Corporate Governance More Meaningful
- Benefits from Managing Ethics in Workplace
- Characteristics of an Ethical Organization
- Recognizing Ethical Organizations
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: Satyam Computer Services Limited
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Chapter 2: Concepts and Theories of Business Ethics
- Introduction
- Definitions of Ethics
- Personal Ethics and Business Ethics
- Morality and Law
- How Are Moral Standards Formed?
- Religion and Morality
- Morality, Etiquette and Professional Codes
- Management and Ethics
- Normative Theories
- Ethical Theories in Relation to Business
- Some More Normative Theories of Business Ethics
- Teachings of the Church
- Indian Ethical Traditions
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: BioconâIndiaâs Own Home-grown Biotech Company
-
Chapter 3: Ethical Dilemmas, Sources and Their Resolutions
- Introduction
- What is an Ethical Dilemma?
- How Ethical Dilemmas in Business Affect the Stakeholders?
- Corporate Dilemma Over Ethical Behaviour
- Sources of Ethical Problems
- Why Does Business Have a Negative Image?
- Why Businesses Should Act Ethically?
- How Corporations Observe Ethics to Reduce Dilemmas?
- Code of Personal Ethics for Employees
- How to Create an Ethical Working Environment?
- How Does a Company Establish Ethical Standards?
- Waltonâs Six Models of Business Conduct
- How to Resolve an Ethical Problem?
- How to Resolve Ethical Dilemmas?
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: HLLâs Folly: Mercury Spill in Kodaikanal
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Chapter 4: Ethical Decision-making in Business
- Introduction
- Ethical Models That Guide Decision Making
- Which Approach to Use?
- Ethical Decision Making with Cross-holder Conflicts and Competition
- Applying Moral Philosophy to Ethical Decision Making
- Kohlbergâs Model of Cognitive Moral Development
- Influences on Ethical Decision Making
- Personal Values and Ethical Decision Making
- Corporate Values and Ethical Decision Making
- Role of Corporate Governance in Ensuring Ethics in the Workplace
- A Framework of Ethical Decision Making
- The Process of Making Good Ethical Decisions
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: Global Trust Bank: The Bank That Went Bust
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Chapter 5: Globalization and Business Ethics
- Introduction
- Growth of Global Corporations
- Factors Facilitating Globalization
- Doing Business in a Diverse World
- Role of Multinational Corporations
- Excessive Economic Clout
- Current IssuesâMultinational Corporations
- International Business Issues
- Benefits of MNCs to the Host Nation
- Disadvantages of MNCs to the Host Country
- International Codes of Business Conduct
- The Limits of Voluntary Approach
- Caux Round Table: Principles for Business
- Challenges of Globalization in the Context of Growing Market Economies
- Public Awareness and Scrutiny
- Technological Challenges and Opportunities
- The Physical Environment
- The Social Environment
- Key Global Issues for Business
- Corporate Governance Is a Prerequisite for Globalization
- Global Compact
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: Sterlite: Using Money Clout to Maximum Advantage
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Chapter 6: Creating an Ethical Organization
- Introduction
- The Problem Is Not with Corporations, But the People Who Run Them
- Fat Pay Did Not Ensure Better Governance
- Fraudulent Accounting Too Played Its Destructive Role
- Independent Directors Too Did Not Help Reduce Malpractices
- Reasons for the Failure of Conventional Measures
- Suggestions to Improve Corporate Virtue
- Role of Corporate Governance
- The Role of Corporate Culture
- Role of Corporate Social Responsibility
- Other Influences in Creating an Ethical Organization
- Developing and Executing a Comprehensive Ethics Programme
- Codes of Conduct
- Ethics Committees
- Ethics Communication Systems
- Ethics Office/Officers
- Ethics Training Programmes
- Disciplinary System
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: Wipro Limited: An Earnest Effort to Create an Ethical Organizations
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Chapter 1: Business Ethics: An Overview
-
Part 2: How Can Ethics be Applied in Day-to-Day Business?
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Chapter 7: Corporate Ethics: Good Governance
- What Is Corporate Governance?
- Definitions of Corporate Governance
- Desiderata of Corporate Governance
- A Historical Perspective of Corporate Governance
- Significance of Corporate Governance to Developing Countries
- Issues in Corporate Governance
- Major Thrust Areas of Corporate Governance
- Strategies and Techniques Basic to Sound Corporate Governance
- Benefits to Society
- Benefits to Corporation
- Indian Model of Corporate Governance
- What Is âGoodâ Corporate Governance?
- Obligation to Investors
- Obligation to Employees
- Obligation to Customers
- Managerial Obligation
- Legislative Changes
- Introduction of Regulations
- Implementation of Recommendations of Birla Committee Report
- The Reserve Bankâs and Other Regulations
- Self-regulation
- Pioneers in Good Governance Practices
- Corporate Governance in IndiaâA Performance Appraisal
- Future of Corporate Governance in India
- Impetus for the Growth of Corporate Governance in India
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: Tata SteelâA Company That Also Makes Steel
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Chapter 8: Corporate Ethics: Investorsâ Rights, Privileges, Problems and Protection
- Introduction
- Ethical Governance Needed to Protect Stakeholders
- Theoretical BasisâAgency Costs
- Long-term Shareholder Value
- Rights of Shareholders
- Views of Various Committees on the Issue
- Poor Track Record of Shareholder Protection in India
- Guide for Investors/Shareholders
- Investor Protection in India
- N. K. Mitra Committee on Investor Protection
- Problems of Investors In India
- Law Enforcement for Investor Protection
- Lacunae in Investor Protection
- SEBIâs Poor Performance and Suggestions for Improvement
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: On Insider Trading (HLLâBBLIL Merger)
-
Chapter 9: Handmaid of Ethics: Corporate Social Responsibility
- Introduction
- Why Social Responsibility of Business?
- Definitions of CSR
- Todayâs Corporate Social Responsibility
- Theoretical Justification for CSR
- What Are Corporations Expected to Do?
- Models for Implementation of CSR
- CSR as a Business Strategy for Sustainable Development
- Advantages of CSR
- Scope of CSR
- Steps to Attain CSR
- External Standards on CSR
- Prestigious Awards for CSR
- The Indian Perspective
- India on the Ethical/CSR Matrix
- Core-BCSD India
- Ethics and Social Responsibility of Business
- Social Responsibility and Indian CorporationsâA Score Card
- Future of Indian CSR
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: Dr Reddyâs Laboratories: Commitment to All-round Corporate Excellence
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Chapter 10: Ethics of Consumer Protection
- Introduction
- ConsumerâAn Important Stakeholder
- Hidden Taxation on Society
- Stakeholder Alliance
- Consumer and Consumer Protection
- Parties to Consumer Protection
- History and Growth of Consumer Protection
- Ralph Naderâs Contribution to Consumer Protection
- Consumer Protection, Why and How
- Consumer Duties and Responsibilities
- Consumer Protection: Indian Scenario
- Spate of Consumer-oriented Legislations
- How Are Indian Consumers Exploited?
- Consumer Protection in India
- Legal Protection to Consumers
- Consumer Protection Act, 1986
- Consumer Protection (Amendment) Act, 2002
- Prevention of Food Adulteration Act, 1954
- Institutional Arrangements Under COPRA
- Quality Standards
- Standards of Weights and Measures
- Role and Initiatives of Voluntary Organizations
- Other Initiatives to Promote Consumer Protection
- Summary
- Key Words
- Discussion Questions
- Further Reading
- Case Study: Wockhardt LtdâDivergence Between Precepts and Practices
-
Chapter 11: Environmental Ethics
- Introduction
- Environmental Concerns
- History of Environmentalism
- Environmental Philosophy
- Environmental Preservation: Role of Stakeholders
- Future Outlook on Environment
- Partnerships
- International Issues
- Sustainable Development
- Costs and Benefits of Environmental Regulation
- Trade and the Environment
- Industrial Pollution
- Role of Corporations in Environmental Management
- Innovative Business Responses to Environmental Regulations
- Waste Management and Pollution Control
- Improving Corporate Environmental Performance
- Need for a New Approach
- Environmental Audit
- Managing Environmental Issues
- Product Differentiation
- Managing Regulation
- Redefining Markets
- Environmental Risk Management
- Environmental Management in India
- Charter for Voluntary Pollution Control
- Corporate India Gets Eco-friendly
- Indiaâs Environment Policy
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study-1: E-Waste: The Latest Contributor to Environmental Degradation*
- Case Study-2: TirupurâA Study on Its Environmental Degradation
-
Chapter 12: Role of Various Agencies in Ensuring Ethics in Corporations
- Introduction
- Public Opinion
- Role of Auditors in Ensuring Business Ethics
- Role of Board of Directors in Ensuring Ethical Business
- Media and Business Ethics
- Ethics in Advertising
- Role of Government Agencies in Ensuring Ethical Practices
- Role of the Judiciary
- Role of SEBI in Ensuring Ethical Corporate Governance
- Role of Whistle-blowing
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: Ketan Parekh Scam 2001
-
Chapter 13: Ethics and Indian Business
- Impact of Globalization
- Role of Securities Market in Economic Growth
- Phenomenal Growth of Indian Capital Market
- Nature of the Indian Capital Market
- Development of the Indian Capital Market
- Deficiencies in the Indian Capital Market
- Major Indian Scams
- Can Unethical Behaviour Be Avoided?
- Reasons for Unethical Practices Among Indian Corporations
- Business Ethics in India Today
- Corporations in India Cannot Afford to Be Ethical
- Some Unethical Issues in India
- Why Should Indian Business Be Ethical?
- Studies on Ethical Attitudes of Managers
- Some Questionable Business Practices
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study: Demat Scam 2003â2005
-
Chapter 7: Corporate Ethics: Good Governance
-
Part 3: Functional Areas in Business Management
- Chapter 14: Marketing Ethics*
-
Chapter 15: Ethical Issues in Human Resource Management*
- Introduction
- Definition
- Genesis and Growth of Human Resource Management
- Scope of Human Resource Management
- Different Aspects of Human Resource Management
- Different Functional Areas of HRM
- Emerging Challenges of HRM
- Changing Profile of HR Professionals
- HR-related Ethical Issues
- Role of HRM in Creating an Ethical Organization
- Institutional Culture
- Creating an Ethical Organization
- Human Resource Development in India
- Functions
- Human Development Index
- Summary
- Key Words
- Discussion Questions
- Further Readings
- Case Study-1: The Phaneesh Murthy Sexual Harassment Case
- Case Study-2: HMSIâBetter Wages Cannot Suppress Workersâ Demand for Their Rights
- Case Study-3: The HR Intervention at Rourkela Steel Plant: Involving People in Quality-driven Improvement Culture
-
Chapter 16: IT Industry: An Overview and Ethical Perspective*
- Introduction
- Structure of ITâITES Industry
- Unique Characteristics of ITâITES Industry
- Ethical Perspective of ITâITES Industry
- Key Words
- Further Readings
- Case Study-1: Mphasis Case: If Individuals Do Not Comply, Safeguards Achieve Little
- Case Study-2: Credit Card Data Fraud
- Case Study-3: Cyber CrimesâThe Glitches Amidst the Glow*
-
Chapter 17: Ethical Issues in Financial Management
- Introduction
- Financial Accounting
- Management Accounting
- Financial Management
- Ethical Issues in Finance
- Frauds in Banks
- Measures Against Bank Frauds
- Constraints to Ethical Practices in Indian Nationalized Banks
- Frauds in the Insurance Sector
- Ethical Issues Arising out of Activities of Professional Players
- Mini Case 1 : Xeroxing Corruption
- Mini Case 2 : Foul Play by Soundcraft Industriesâ Promoter
- Mini Case 3 : Tricking Investors for Personal Gain
- Mini Case 4 : Dereliction of Duty by a CFO
- Key Words
- Discussion Questions
- Further Readings
-
Chapter 18: Whistle-Blowing
- Introduction
- Whistle-Blowing in PSEs
- Who is a Whistle-Blower?
- Types of Whistle-Blowing
- Whistle-Blowing Is Not Accepted by All
- Emerging Trends in Accepting Whistle-Blowing
- Why Only a Few Act as Whistle-Blowers?
- Why is Whistle-Blowing a Significant Tool to Ensure Corporate Governance?
- Whistle-Blowing Promotes a Firmâs Competitive Advantage
- Whistle-Blowing Is Not Only Moral But Also an Obligation
- Whistle-Blowing Protection Law
- Guidelines for Whistle-Blowing
- Some Cases of Whistle-Blowing in India
- Key Words
- Discussion Questions
- Case Study: Satyendra Dubey: A Patriotic but Unfortunate Whistle-Blower
-
Chapter 19: Corruption in India
- What Is Corruption?
- Indian Scenario
- How Can the Government Prevent Corruption?
- Case Study-1: The 2G Spectrum Scam
- Case Study-2: Widespread Corruption in Corporate India: An MDRA Study
- Computerisation Can Help Combat Corruption
- Ill Effects of Corruption on Indian Economy
- Indirect Effects of Corruption on the Economy
- Corruption Perceptions Index
- Key Words
- Discussion Questions
- Appendix
- Notes
- Bibliography
- Glossary
- Copyright
- Back Cover
Product information
- Title: Business Ethics, 2nd Edition
- Author(s):
- Release date: July 2013
- Publisher(s): Pearson India
- ISBN: 9789332513860
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