} eveseceseesese. SSOKSHSSHECLEHROORBEVECHOOZOEEEEO Business Ethics Study Material Dr. Madhuri Malhotra Assistant Professor Loyola Institute of Business Administratione e e e e e e e e e e e e e e e ° e e e e e e e e e e e e e e e e e e e e e e e e e e 6 Table of Contents Course Overview References. Human Values Need for Human Values 6 Introduction to Business Ethics... 15 Concepts and models in business ethics 23 Value ethics morals and principles 30 Management Ethics and Management integrity. 34 Management theories and Ethical Theories 36. Theories of consequence Ethics a7 Framework for understanding Organisational Ethics 55 Decision Making at workplace 57 Personal Moral Code and Huntt vitell Theory of Ethics 63 Business Ethics and Normative Theories 73 . Positive Work Culture ... 88 Five P’s of Ethical Power, enn . Ethics in different markets eeeeneneA Organisational tools to cultivate ethics : 92 Ethical Decision Making ar) Levels of Ethical Intensity 96 Promoting Ethics at Workplace 102 Nature of Ethics in Management-Ethical Problems as Managerial Dilemmas ...105 Analysis of Ethical Problems in Management 115 Case Study “Forestry Equipment Services : 17 Case Study “Sarah Godwin” - 118 Corporate Governance 119 Agency Problems 122 Contlicting Interests : 26 Governance Structure and Director Independence : se 29 Origin of Corporate Governance 135 Principal agent Theary ca a : 140 Corporate Social Responsibility Ee eset eters esate A Corporate Misgovernance. Eerste . 170 Models of Corporate Governance een . 11S Narrow vs Broad Perceptions of Corporate Governance - 179 Historical Perspective of Corporate Governance. 7 382 Issues in Corporate governance i tt itd Case study “Infosys” 197SSCOHSSHOSSSSOHSHSSHESCHSHSHOHSEHCOHEHSHOSESCOHOHSCHCESEHOHRECEEE ‘Teaching Faculty: Dr, Madhuri Malhotra Email 1D madhuri.m@libaedu in Mobile no: 9500075 COURSE DESCRIPTION Busin business organizations and behaviour As such, it cannot be understood separately from the ethics is a specialized branch of ethies focusing on how moral standards apply to general ideas of ethics, and the general ethical theories apply to business ethies as well Normative ethical theory offers different moral theories, cach prescribing a set of moral rules that individuals can apply in the process of deciding whether an action is morally right or wrong in various situations. Research on the role of ethical theories in business usually focuses on the application of ethical guidelines in human resources practices, corporate social responsibility policies and the assessment of managers’ ethical evaluations. This course is designed to provide the students with an overview of concept of business ethics and its application in decision making process in the day to day business d the importance of ethical decision making in a business organisation and its contribution towards the society. cision making, Students will also be able to realize COURSE OBJECTIVES lerstanding of the concept of business ethies and its role in modern management, Students will be able to analyse various ethical theories and the application of the same in business decisions. Students will be able to use the concepts taught in this course, to identifi and resolve ethical issues that arise in business concerns, Concepts such as corporate social responsibility will be discussed to make the student understand the importance and benefits. analyse KEY LEARNING POINTS 1. Understand cthical concepts that resolve moral issues in business Understand theories of ethics Effective management skills using ethical theories Problem solving capability by solving case studies Understand role of ethics in various disciplines like HR, Marketing, Finance and I’ Understand corporate social responsibility concept and its role n modern management practices auaunMODULE I: Ethics: Basic Concept Definition of ethics > Basic concept y Ethics and related terms. + Tluman values Types of ethies Business Ethics: definition and scope Need for business ethies Case studies vey MODULE II: Ethical Theories Kantian’s approach to business Ethics Utilitarian approach to business ethies Human rights and Kantian Ethies Social Contract theories Virtue ethics and the moral community Reputation, Integrity and Politics Other related theories of business ethies Case studi Vvvvrery |ODULE Ill: Need for ethies in Management Managers’ action and its dynamism Basic ethics for good management Moral sensibility Positive work culture Five P's of ethical power Ethics in different markets Ethical decision making Case studies yvyvvrvvyy MODULE LV: Ethics in various disciplines Ethies in HR Ethies in Marketing Ethies in Finance Ethies in IT Case studies yyy MODULE V: Business Ethics: Corporate social responsibi Ethical and moral erosion Ethical values and action plan Ethical dilemmas Government standards and demand of ethical business Tools and techniques of business ethics Case studies veyReference 1, A.C. Femando “Corpor education, ISBN 81-7758-5 V, Baxi “Corporate Governance: critical Issues, excel Books ISBN 81-7446-515. 3, Joseph, A. Patrick and John, F. Quinn “Ma ry at work™ Publications, ISBN 81-7036-669-0 4, Madhumita Chatterji “Corporate Social Responsibility” Oxford University press, ISBN 0-19-806983-9. 5. Michael, R. Harrison “An Introduction to Business and Management Ethics” Palgrave Macmillan, ISBN 1-4039-0016-7. 6. Robert, A. Peterson and O.C, Ferrell “Busienss Ethies: New Challenges for Business Schools and Corporate Leaders, Prentice ~Hall of India Pvt, Ltd. ISBN 81-203- 7. Shyam L. Kaushal “Business Ethies: Concepts, Crisis and Solutions, Deep and Deep Publications Pvt, Ltd. ISBN 81-7629-833-6. 8. Ananta, K. Giri “Values, Ethies and Business: Challer cerance: Principles, policies and practices:, Pearson ss for education and Management, Rawat Publications. ISBN 81-7033-476-9. 9, Marianne, M. Jennings, “Cases in Business Ethics”, Cengage Learning, ISBN 81-315- 0510-3. 10. LaRue Tone Hosmer “The Ethics of Management”, Univesal Book Stall, ISBN $1- 85274-46.0. U1. C. V. Baxi and Rupamanjari Sinha Ray, “Corporate Social Responsibility, Vikas Publishing House Pvt. Ltd, ISBN 978-93-259-5764-0, 12. Harvard Business Review on Corporate Ethics. Harvard Business School Press. Robbert, B. Maddux and Dorothy Maddux, “Ethies in Business: A guide for Managers, Viva Books Pvt, Ltd, ISBN 81-7649-564-6. 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