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An overview lecture was conducted by Dr. C.

P Chawla ,detailing the relevance and importance of Business Ethics as a discipline .He
also took Corporate Social Responsibility as a major concern facing all corporates these days and how it holds value for the firm.

The teachings of the lecture are provided as a synopsis in the following:

Ethics are, at their essence, moral judgements about what is right and what is wrong. The decision to behave ethically as one individual
to another is easy for any decent moral human being, but it is easy to forget the impact a large, faceless business can have on the
world. Business Ethics is all about bearing in mind the full weight of any corporate decision. In a business sense, these ethics are
decided upon and formed by each company and underpin the decisions that anyone in the business makes. The acceptability of
behaviour in business is determined by customers, competitors, government regulators, interest groups, and the public, as well as each
individuals personal moral principles and values.

The next topic for discussion was of moral theories that included deontology and teleology.

Ethics or moral philosophy is a branch of philosophy that involves questions about morality and the perception of good and evil, of right
and wrong, of justice, virtue, and vice. Deontology is referred to as duty-based ethics. It is based on each individuals duty or obligation
towards each other, all living things, and the environment based on moral beliefs and values. Teleology or consequentialism is referred
to as results-oriented ethics. It focuses on the purpose of each action and whether there is an intention or meaning for the action. It
deals with the consequences of an action.

Topic that was lastly taken up by Prof. Dr. Cp Chawla was of corporate social responsibility.

For many years, corporations were only concerned with making money. That was the ultimate goal. Now, companies are also
concerned also about society's welfare. Corporate social responsibility is a business's concern for society's welfare. This means that
marketing managers are interested in long-term corporate interests and also society's health. It is the thought that if a company helps
society through their business as a main goal, then they will reap success. Companies can look to solve society's problems by creating
a product or service to fulfil a need, and they will profit and help the world.companies can embrace social responsibility through a
different approach called stakeholders where focus is that social responsibility is really giving attention to every stakeholder in the
entire company whether it be the employees, customers, owners, suppliers, management or the community. There were several steps
for implementing ethical norms and behaviours that was also taken up by him Written Codes, Policies, Guidelines ,Ethical
Committees,Dissemination of policies to stakeholders not just management.,Reinforcement,Training,Grievance Mechanism and
Monitoring .

The lecture was summarised by ending it on briefing the importance that these two disciples hold as a subject to study and adopt as
these are the burning issues in the emerging corporate scenario.

Dr. C.P Chawla was well appreciated for his valuable learnings to the student