CURRENT BUSINESS SCENERIO PRESENTED BY -VIPUL SAH KIRAN BHATT
PRESENTED TO -MRS PRATIBHA PANT
MR ROHIT CHATURVEDI ETHICS.. • Ethics is a system of moral principles, rules and conduction.
• It is discipline dealing with what is good & bad and
with moral duty and obligation.
• _x0000__x0000_The concept of business ethics
evolved in 1960, • since then the commercial organization started to follow their own ethical standards._x0000_ Continued Business ethics has many aspects such as morals, values, vision, strategy, leadership and ethical dilemmas.
_x0000_
_x0000_ VALUES.. Values are important in human conduct.
It shapes beliefs, beliefs leads to
perception, perception take to making his attitude.
Value is commonly used to all things which
people regard as good, desirable and must.
Human values refer to orientation towards what is
considered desirable or preferable by people living in society. _x0000_ _x0000__x0000__x0000_ IMPORTANCE OF BUSINESS ETHICS •_x0000_It creates goodwill and reputation.
•_x0000_It plays a major role in prevention
of fraud.
_x0000__x0000_• It reduces risks and costs.
_x0000__x0000_ CONTINUED.. • It creates strong competitive advantage.
_x0000_• It attracts more capital and foreign investment.
_x0000_• It attracts more employees and enable the
company to get the most talented employees.•
_x0000_• It reduces stress for corporate managers and
other employees._x0000_ WORLDS MOST ETHICAL COMPANIES TILL 2014 INDIAN BUSINESS SCENERIO IN 2011-12 There are so many examples of ethical practices in India i.e. Tata, Wipro, Godrej, Bajaj, Kumar,Mangalam Birla, Infosys, Thermax, HDFC etc.
Many companies are working in the areas such as
welfare schemes for the rural people, educational facilities and health care services for rural people, environment protection etc. Till year 2011 the scenario was very poor. Not a single company was listed in world’s most ethical companies. INDIAN BUSINESS SCENERIO AT PRESENT TIME At present time two Indian companies Wipro and Tata has managed themselves to list in worlds most ethical companies. Tata Steel Limited is a multinational steel company headquartered in Mumbai, and subsidiary of Tata Group. It is the 10th-largest steel producing company in the world, with an annual crude steel capacity of 23.5 million tonnes, and the largest private-sector steel company in India measured by domestic production. Wipro Limited is an India-based information technology, consulting and business process services company headquartered in Bengaluru, India