Politics, Ethics and Social Responsibility of Business

Politics, Ethics and Social Responsibility of Business

by Usha, Bhanu;Krishna, K. V. Murthy
Released October 2010
Publisher(s): Pearson India
ISBN: None

Read it now on the O’Reilly learning platform with a 10-day free trial.

O’Reilly members get unlimited access to books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial

Book description

Spread over 30 chapters in six units, Politics, Ethics and Social Responsibility of Business is a comprehensive guide to corporate social responsibility (CSR). It explains how the bases of CSR are politics and ethics, without which the role of business in society cannot be understood. Though designed for the students of B. Com, University of Delhi, this book will be useful for all students of management as well as practicing managers and professionals.

Table of contents

  1. Cover
  2. Contents (1/2)
  3. Contents (2/2)
  4. About the Authors
  5. Preface
  6. Unit I: Thinking Conceptually about Politics
    1. Chapter 1: Liberty
      1. 1.1 Meaning and Nature of Liberty
      2. 1.2 Negative Liberty
      3. 1.3 Positive Liberty
      4. 1.4 Conclusion
      5. Suggested Questions
      6. Bibliography
    2. Chapter 2: Equality
      1. 2.1 Meaning and Significance of Equality
      2. 2.2 Foundational Equality
        1. 2.2.1 Fundamental Equality of Persons
        2. 2.2.2 Equality of Opportunity
        3. 2.2.3 Equality of Condition
        4. 2.2.4 Equality of Outcome
      3. 2.3 Distributional Equality
        1. 2.3.1 Equality of Welfare
        2. 2.3.2 Equality of Resources
      4. 2.4 Equality of Capability
      5. 2.5 Conclusion
      6. Suggested Questions
      7. Bibliography
    3. Chapter 3: Justice
      1. 3.1 The Concept
      2. 3.2 Core Elements of Justice
        1. 3.2.1 Non-Arbitrariness
        2. 3.2.2 Consistency
        3. 3.2.3 Relevance
        4. 3.2.4 Proportion
        5. 3.2.5 Procedure
      3. 3.3 Justice as an Ethical Principle
        1. 3.3.1 Distributive Justice
          1. 3.3.1.1 Justice as Equality (Egalitarianism)
          2. 3.3.1.2 Justice Based on Contribution (Capitalist Justice)
          3. 3.3.1.3 Justice Based on Needs and Abilities (Socialism)
          4. 3.3.1.4 Justice as Freedom (Libertarianism)
          5. 3.3.1.5 Justice as Fairness
        2. 3.3.2 Retributive Justice
        3. 3.3.3 Compensatory Justice
      4. 3.4 Rawls’ Theory of Justice as Fairness
        1. 3.4.1 Rawls’ Method
        2. 3.4.2 Rawls’ Principles of Justice
          1. 3.4.2.1 Principle of Equal Liberty
          2. 3.4.2.2 The Difference Principle
        3. 3.4.3 The Principle of Fair Equality of Opportunity
        4. 3.4.4 Critical Evaluation of Rawls’ Theory
      5. 3.5 Distributive Justice and Business
      6. 3.6 Conclusion
      7. Suggested Questions
      8. Bibliography
    4. Chapter 4: Rights
      1. 4.1 Meaning and Nature of Rights
      2. 4.2 Basis Of Rights
        1. 4.2.1 Legal Rights
        2. 4.2.2 Moral Rights
        3. 4.2.3 Negative and Positive Rights
        4. 4.2.4 Contractual Rights
        5. 4.2.5 Natural Rights and Human Rights
      3. 4.3 Human Rights and the Corporate World
      4. Suggested Questions
      5. Bibliography
    5. Chapter 5: Recognition
      1. 5.1 Introduction
      2. 5.2 Meaning of Recognition
      3. 5.3 Politics of Recognition
      4. 5.4 Forms of Recognition
      5. 5.5 Multiculturalism and Diversity
      6. 5.6 Misrecognition or Non-Recognition
      7. 5.7 Conclusion
      8. Suggested Questions
      9. Bibliography
    6. Chapter 6: The Idea of a Good Society
      1. 6.1 A Good Society
      2. 6.2 Three Partners
        1. 6.2.1 Community and Society
        2. 6.2.2 State and Society
        3. 6.2.3 Markets and Society
      3. 6.3 Sustainability of a Good Society
      4. 6.4 Conclusion
      5. Suggested Questions
      6. Bibliography
  7. Unit II: Domain of Politics and Ethics
    1. Chapter 7: Democracy
      1. 7.1 Introduction
      2. 7.2 Why Good Governance?
        1. 7.2.1 Evolution of Democracy
        2. 7.2.2 Forms of Governance
      3. 7.3 Democracy – Its Varieties and Processes
        1. 7.3.1 Varieties
      4. 7.4 Democratic Process
        1. 7.4.1 Implications for the Corporation
      5. 7.5 A Corporation as a Democratic Body
      6. 7.6 Democracy – Beyond the State Level
      7. 7.7 Conclusion
      8. Suggested Questions
      9. Bibliography
    2. Chapter 8: Welfare State
      1. 8.1 Interpretations of Welfare State
      2. 8.2 Origins
        1. 8.2.1 The Development of Welfare States
      3. 8.3 Arguments For and Against the Welfare State
        1. 8.3.1 Arguments in Favour
        2. 8.3.2 Arguments Against
      4. 8.4 Criticism
      5. 8.5 The Welfare State and Social Expenditure
      6. 8.6 Conclusion
      7. Suggested Questions
      8. Bibliography
    3. Chapter 9: Markets and Globalisation
      1. 9.1 Introduction
      2. 9.2 Market Economy
      3. 9.3 What Is Market Failure?
      4. 9.4 Social Controls
      5. 9.5 The Decline of the Welfare State and Growth of Multinationals
      6. 9.6 Implication of Globalisation
        1. 9.6.1 Globalisation
        2. 9.6.2 Economic Globalisation
        3. 9.6.3 Globalisation, Market and Inequality
        4. 9.6.4 Globalisation and Corruption
      7. 9.7 Global Corporate Responsibility
      8. 9.8 Conclusion
      9. Suggested Questions
      10. Bibliography
  8. Unit III: Business Ethics and Moral Reasoning
    1. Chapter 10: Business Ethics
      1. 10.1 Nature of The Study of Business Ethics
      2. 10.2 Levels of Business Ethics
      3. 10.3 Evolution of Business Ethics
        1. 10.3.1 Decline in the Role of the State
        2. 10.3.2 Impact of Consumer Movements
        3. 10.3.3 Evolution of Common Standards
        4. 10.3.4 Adverse Impact of Multi-national Corporations
        5. 10.3.5 Threat of Legal Action
      4. 10.4 Ethical Issues and Approaches
      5. 10.5 Business Ethics and Philosophy of Business
      6. 10.6 Business and Society
        1. 10.6.1 Nature of Business
        2. 10.6.2 Role of Business in Relation to Other Entities
        3. 10.6.3 Moral Obligation of Business
      7. 10.7 Paradigm Shift
        1. 10.7.1 Implications of Shifts in Paradigm
      8. 10.8 Business Ethics and Corporate Responsibility
      9. 10.9 Conclusion
      10. Suggested Questions
      11. Bibliography
    2. Chapter 11: Theories of Moral Reasoning
      1. 11.1 Introduction
      2. 11.2 Moral Theory
        1. 11.2.1 Two Approaches to Moral Reasoning
        2. 11.2.2 Definition of Consequentialism or Teleology
        3. 11.2.3 Definition of Deontology
      3. 11.3 Moral Reasoning and Business Ethics
      4. 11.4 Conclusion
      5. Suggested Questions
      6. Bibliography
    3. Chapter 12: Business Ethics Issues and New Developments
      1. 12.1 Overview of Business Ethics
      2. 12.2 Business Ethics and Society
      3. 12.3 Business Ethics in Management
        1. 12.3.1 Business Ethics and Accounting
        2. 12.3.2 Ethics of Human Resource Management
        3. 12.3.3 Ethics of Sales and Marketing
        4. 12.3.4 Ethics of Production
        5. 12.3.5 Ethics of Intellectual Property, Knowledge and Skills
        6. 12.3.6 International Business Ethics
        7. 12.3.7 Issues and Subfields Include
      4. 12.4 New Developments in Ethical Theories
        1. 12.4.1 Feminist Theory
        2. 12.4.2 Stakeholder Theory
        3. 12.4.3 Criticism
        4. 12.4.4 Social Contract Theory
      5. 12.5 Conclusion
      6. Suggested Questions
      7. Bibliography
    4. Chapter 13: Ethics in Management
      1. 13.1 Introduction
      2. 13.2 Institutionalising Ethical Climate
        1. 13.2.1 Importance of Ethical Climate
      3. 13.3 Ethical Models of Morality
        1. 13.3.1 Immoral Managers
        2. 13.3.2 Moral Managers
        3. 13.3.3 Amoral Managers
      4. 13.4 Ethical Decision Making
        1. 13.4.1 Importance of Ethical Decision Making
        2. 13.4.2 Principles of Ethical Decision Making
      5. 13.5 Conclusion
      6. Suggested Questions
      7. Bibliography
  9. Unit IV: Politics and Ethics in Business
    1. Chapter 14: Corporate Code of Ethics
      1. 14.1 Introduction
      2. 14.2 Types of Codes of Ethics
        1. 14.2.1 General Codes
        2. 14.2.2 Specific Codes
      3. 14.3 Nature of Codes of Ethics
        1. 14.3.1 Social Norms
        2. 14.3.2 Voluntary Codes
        3. 14.3.3 Mandatory Codes
      4. 14.4 CSR Principles, Processes and Code of Ethics
      5. 14.5 Steps for Institutionalising Ethical Norms and Behaviour
        1. 14.5.1 Written Codes, Policies or Guidelines
        2. 14.5.2 Ethical Committees
        3. 14.5.3 Dissemination of Policies to Stakeholders, not Just Management
        4. 14.5.4 Reinforcement
        5. 14.5.5 Training
        6. 14.5.6 Grievance Mechanism
        7. 14.5.7 Monitoring
      6. 14.6 Social Code for Business by Confederation of Indian Industry and United Nations Development Programme
      7. 14.7 Conclusions: Living Ethical Norms
      8. Suggested Questions
      9. Bibliography
    2. Chapter 15: Responsibility and Accountability
      1. 15.1 Introduction
      2. 15.2 Basic Framework
        1. 15.2.1 Responsibility
        2. 15.2.2 Accountability
        3. 15.2.3 Governance
      3. 15.3 Corporate Responsibility
        1. 15.3.1 Good Governance
        2. 15.3.2 Corporate Social Responsibility (CSR)
        3. 15.3.3 Environmental Accountability
      4. 15.4 Integrated Approach
      5. Suggested Questions
      6. Bibliography
    3. Chapter 16: Environment
      1. 16.1 Introduction
      2. 16.2 Business and Environmental Problems
      3. 16.3 Environmental Degradation
        1. 16.3.1 Pollution
        2. 16.3.2 Acid Rain
        3. 16.3.3 Global Warming
        4. 16.3.4 Rainforest Depletion
        5. 16.3.5 Hazardous Waste
        6. 16.3.6 Ozone Layer Depletion
      4. 16.4 Responsibility of Humans Towards Environmental Harms
      5. 16.5 Responsibilities to the Natural World
      6. 16.6 Business Ethics in the Age of Sustainable Economics
      7. 16.7 Operationalising Environmental Accountability
      8. 16.8 Corporate Environmental Accounting
      9. 16.9 Rationale for Environmental Accounting
      10. 16.10 Different Environmental Accounting Disciplines
      11. 16.11 Global Environmental Accounting
      12. 16.12 EMA
      13. 16.13 Environmental Financial Accounting
      14. 16.14 Environmental Audit
        1. 16.14.1 Data Collection
        2. 16.14.2 Compliance
        3. 16.14.3 Documentation
        4. 16.14.4 Periodic Audits
      15. 16.15 International Environmental Standards – ISO 14000
        1. 16.15.1 Benefits of International Certification
      16. 16.16 Corporate Sustainability Reporting
        1. 16.16.1 Frameworks and Guidance
        2. 16.16.2 Trends and Drivers
    4. Chapter 17: Leadership
      1. 17.1 Meaning
      2. 17.2 Qualities and Attributes of Leaders
      3. 17.3 Leadership and Morality
      4. 17.4 Leadership and Responsibility
      5. 17.5 Conclusion – Leadership Challenges
      6. Suggested Questions
      7. Bibliography
    5. Chapter 18: Workforce Diversity
      1. 18.1 Workforce Diversity
      2. 18.2 Forms of Diversity
      3. 18.3 Diversity and Competitive Advantages
      4. 18.4 Diversity and Competitive Disadvantages
      5. 18.5 Managing Diversity Through Training
        1. 18.5.1 Need Assessment for Diversity Training
        2. 18.5.2 Adaptation of Diversity
        3. 18.5.3 Training in Diversity
      6. 18.6 Challenges
      7. 18.7 Conclusions
      8. Suggested Questions
      9. Bibliography
  10. Unit V: Corporate Social Responsibility: An Overview
    1. Chapter 19: Corporate Philanthropy
      1. 19.1 Introduction
      2. 19.2 Meaning and Background
      3. 19.3 Key Developments
        1. 19.3.1 Global Philanthropy
        2. 19.3.2 Strategic Philanthropy
      4. 19.4 Philanthropy and Others
        1. 19.4.1 Philanthropy and CSR
        2. 19.4.2 Philanthropy and Sponsorship
      5. 19.5 Corporate Philanthropy
        1. 19.5.1 Philanthropy as Foundation of CSR in India
        2. 19.5.2 Corporate Philanthropy in India
      6. 19.6 Conclusion
      7. Suggested Questions
      8. Bibliography
    2. Chapter 20: Corporate Social Responsibility
      1. 20.1 Introduction
      2. 20.2 Meaning
      3. 20.3 Basic Concepts
        1. 20.3.1 Marketplace
        2. 20.3.2 Environment
        3. 20.3.3 Workplace
        4. 20.3.4 Community
      4. 20.4 CSR—Interdisciplinary Subject
        1. 20.4.1 Responsible Company — Triple Bottom Line Concept
      5. 20.5 History
        1. 20.5.1 Phases in the Development of Social Responsibility Agenda
      6. 20.6 CSR Tools
        1. 20.6.1 CSR Principles
      7. 20.7 Ten Principles of UN Global Compact
        1. 20.7.1 Specific Principles
        2. 20.7.2 Management Systems and Standards
        3. 20.7.3 Measurement, Reporting and Benchmarking
      8. 20.8 Conclusion – The Way Ahead
      9. Suggested Questions
      10. Bibliography
    3. Chapter 21: Corporate Social Responsibility —Models
      1. 21.1 Introduction
      2. 21.2 Ethical Model
      3. 21.3 Statist Model
      4. 21.4 Liberal Model
      5. 21.5 Stakeholder Model
        1. 21.5.1 Customers
        2. 21.5.2 Employees
        3. 21.5.3 Shareholders and Investors
        4. 21.5.4 Environment
        5. 21.5.5 Suppliers
        6. 21.5.6 Government
      6. 21.6 Conclusion
      7. Suggested Questions
      8. Bibliography
    4. Chapter 22: Corporate Social Responsibility Agenda—Concerns and Issues
      1. 22.1 Introduction
      2. 22.2 Global CSR Policies and Practices
        1. 22.2.1 Dissemination of Information on CSR and Reporting
        2. 22.2.2 Cooperation Among Companies, Government and Competitors on Core CSR Issues
      3. 22.3 CSR Concerns and Issues in India
        1. 22.3.1 Background
        2. 22.3.2 Socially Responsible Companies in India
      4. 22.4 CSR and the Role of Confederation of Indian Industry (CII)
        1. 22.4.1 Areas of Focus
        2. 22.4.2 Solution Delivery Center (SDC) Partners
        3. 22.4.3 Adoption and Operationalisation of IPF Social Code
        4. 22.4.4 Mainstreaming Social Concerns in Business Education
        5. 22.4.5 The Role of FICCI in Promoting CSR
      5. 22.5 The Role of Various Industries in Promoting CSR
        1. 22.5.1 IT and ITES Companies
        2. 22.5.2 ITC
        3. 22.5.3 Tata Group
        4. 22.5.4 Nano Car
        5. 22.5.5 Tata Energy Research Institute (TERI)
        6. 22.5.6 AV Birla Group
        7. 22.5.7 Infosys
      6. 22.6 Few Unresolved Issues
        1. 22.6.1 Harmonization of Distinctive National CSR Agenda
        2. 22.6.2 Standardisation of CSR Agenda
      7. 22.7 Evaluation of CSR
      8. 22.8 Recent Developments and the Way Forward
      9. 22.9 Conclusion
      10. Suggested Questions
      11. Bibliography
    5. Chapter 23: Corporate Social Responsibility: Case For and Against
      1. 23.1 Introduction
      2. 23.2 Case For
        1. 23.2.1 Being Socially Responsible Makes Good Business Sense
        2. 23.2.2 Increased Consumer and Societal Expectations from Business
        3. 23.2.3 Part of Society
      3. 23.3 Case Against
        1. 23.3.1 Increased Costs and Prices
        2. 23.3.2 Lack of Skills to Deal With Social Issues
        3. 23.3.3 Not the Responsibility of Business
      4. 23.4 CSR Expectations in India
      5. Suggested Questions
      6. Bibliography
    6. Chapter 24: Strategic Planning and CSR
      1. 24.1 CSR Strategy
      2. 24.2 CSR Strategic Framework
      3. 24.3 CSR Strategic Framework – Implementation
        1. 24.3.1 Jubilant Organosys: Vision and Strategy for Sustainability
      4. 24.4 Conclusion
      5. Suggested Questions
      6. Bibliography
  11. Unit VI: Issues of Corruption and Unethical Practices
    1. Chapter 25: Corporate Scandals
      1. 25.1 Introduction
      2. 25.2 Meaning
      3. 25.3 Analysis
      4. 25.4 Forms of Corruption
        1. 25.4.1 Individual and Systemic Corruption
      5. 25.5 Impact of Corruption
        1. 25.5.1 Direct Impact
        2. 25.5.2 Indirect Impact
      6. 25.6 Cases of Corruption
        1. 25.6.1 Enron
        2. 25.6.2 Arthur Andersen
        3. 25.6.3 Worldcom
        4. 25.6.4 The Stamp Paper Scam
        5. 25.6.5 The Bhopal Gas Tragedy
      7. 25.7 Combating Corporate Frauds
      8. 25.8 Conclusion
      9. Suggested Questions
      10. Bibliography
    2. Chapter 26: Whistle-Blowing
      1. 26.1 Introduction
      2. 26.2 Definition and Meaning of the Term ‘Whistle-Blowing’
      3. 26.3 Types of Whistle-Blowing
        1. 26.3.1 Internal Whistle-Blowing
        2. 26.3.2 External Whistle-Blowing
      4. 26.4 The Theory of Whistle-Blowing
      5. 26.5 Cases of Whistle-Blowing
        1. 26.5.1 Daniel Ellsberg and the Pentagon Papers
        2. 26.5.2 Frank Serpico
        3. 26.5.3 Sherron Watkins
        4. 26.5.4 Coleen Rowley
        5. 26.5.5 W. Mark Felt
        6. 26.5.6 Satyendra Dubey
        7. 26.5.7 Shanmugham Manjunath
      6. 26.6 Protecting Whistle-Blowers
      7. 26.7 Conclusion
      8. Suggested Questions
      9. Bibliography
    3. Chapter 27: Insider Trading
      1. 27.1 Introduction
      2. 27.2 Insider Trading Defined
      3. 27.3 The Insider Trading Debate
        1. 27.3.1 Insider Trading and Moral Reasoning
        2. 27.3.2 Economic Dimension
      4. 27.4 The Present Status of Insider Trading
        1. 27.4.1 Test of Insider Trading
      5. 27.5 Penalties for Insider Trading
      6. 27.6 Conclusion
      7. Suggested Questions
      8. Bibliography
    4. Chapter 28: Employment Discrimination
      1. 28.1 Introduction
      2. 28.2 Concept of Discrimination
      3. 28.3 Forms of Discrimination
        1. 28.3.1 Individual or Isolated Discrimination
        2. 28.3.2 Institutional Discriminations
      4. 28.4 Discriminatory Practices at Workplace
        1. 28.4.1 Recruitment Practices
        2. 28.4.2 Screening Practices
        3. 28.4.3 Condition of Employment
        4. 28.4.4 Discharge
        5. 28.4.5 Promotion Practices
      5. 28.5 Affirmative Actions
        1. 28.5.1 Arguments Against Affirmative Action Programmes
        2. 28.5.2 Arguments for Affirmative Actions
      6. 28.6 Utilitarian Viewpoint
        1. 28.6.1 Arguments in Favour of Affirmative Actions
        2. 28.6.2 Arguments Against Affirmative Actions
      7. 28.7 Conclusion
      8. Suggested Questions
      9. Bibliography
    5. Chapter 29: Ethical Issues in Advertising
      1. 29.1 Introduction
      2. 29.2 Advertising – Meaning
      3. 29.3 Unethical Aspects of Advertising
      4. 29.4 Advertising Message or ‘Contents’
        1. 29.4.1 Deceptive Message
        2. 29.4.2 Misrepresentation or Omission
        3. 29.4.3 Exaggerated Claims
        4. 29.4.4 Puffery
        5. 29.4.5 Concealment of Information
        6. 29.4.6 Psychological Appeals
        7. 29.4.7 Advertisements Directed at Children
        8. 29.4.8 Creating Stereotypes
        9. 29.4.9 Use of Sex Appeals
        10. 29.4.10 Bait Advertising
      5. 29.5 Quantum of Advertising
      6. 29.6 Inappropriate Advertising
      7. 29.7 Undesirable Influences
        1. 29.7.1 For Consumers
        2. 29.7.2 For Media
      8. 29.8 Conclusion
      9. Suggested Questions
      10. Bibliography
    6. Chapter 30: Consumer Rights
      1. 30.1 Who is a Consumer?
      2. 30.2 Rights of Consumers
      3. 30.3 Consumer Rights in India
        1. 30.3.1 Right to Safety
        2. 30.3.2 Right to Information
        3. 30.3.3 Right to Choose
        4. 30.3.4 Right to be Heard
        5. 30.3.5 Right to Consumer Education
        6. 30.3.6 Right to Redressal
      4. 30.4 Responsibilities of Consumers
      5. 30.5 Conclusion
      6. Suggested Questions
      7. Bibliography
  12. Index

Product information

  • Title: Politics, Ethics and Social Responsibility of Business
  • Author(s): Usha, Bhanu;Krishna, K. V. Murthy
  • Release date: October 2010
  • Publisher(s): Pearson India
  • ISBN: None