bussiness ethics rajesh
TRANSCRIPT
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BUSINESS ETHICS AND
CORPORATE SOCIAL
RESPONSIBILITY
PRESENTED BY:
RAJESH KUMAR GAUTAM
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BUSSINESS ETHICS
THE TERM BUSSINESS ETHICS
REFERES TO THE SYSTEM OF MORAL
PRICIPAL AND RULES OF CONDUCTAPPLIED TO BUSSINESS
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IN THE 1930 S ROTARY INTERNATIONAL
DEVELOPED ITS CODE OF ETHICS THATIS STILL USED EXTENSIVELY.ITS USES FOUR QUESTIONS:-
IS IT THE TRUTH?IS IT FAIR TO ALL CONCERNED?WILL IT BUILD GOODWILL ANDFRIENDSHIP?WILL IT BE BANEFICIAL TO ALLCONCERNED?
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IMPORTANT ETHICAL PRINCIPALS THAT ABUSSINESS SHOULD FOLLOW:
DO NOT DECEIVE OR CHEAT CUSTOMER BYSELLING SUBSTANDARD OR DEFECTIVE
PRODUCTS BY UNDER MEASUREMENT OF BYANY OTHER MEANS.DO NOT RESORT TO HOARDING,BLACKMARKETING OR PROFITEERING.
DO NOT DESTROY OR DISTORT COMPITION.ENSURE SINCERITY AND ACCUARCY INADVERTISING LABLELLING AND PACKAGING.
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CONTINUE
DO NOT TARNISH THE IMAGE OFCOMPETITORS BY UNFAIR PRACTICES.
MAKE ACCURATE BUSSINESS RECORDAVAILABLE TO ALL AUTHORISED PERSON.PAY TAXES AND DISCHARGE OTHEROBLIGATIONS PROMPTLY.ENSURE PAYMENT OF FAIR WAGES TO ANDFAIR TREATMENT OF EMPLOYEES.
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ROLE OF TRADE ASSOCIATION IN
CONTEXT OF BUSSINESS ETHICS
EDUCATION &
PERSUATION CODE OF ETHICS
MORAL
SANCTIONS
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CASE STUDY ABOUT BUSSINESS ETHICS
THE BHOPAL GAS TRAGEDY:
ROLE OF GOVERNMENT OF INDIA ANDMADHYA PRADESH GOVERNMENT INBHOPAL GAS DISSASTER.
RESPONSE OF UNION CARBIDECORPORATION AFTER THE DISSASTER.
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CORPORATE SOCIAL
RESPONSIBILITY
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ORIGIN AND GROWTH OF CONCEPT
CSR s origin and can be traced back tothe evolution of the concept of awelfare state.Concept of industrialization comesfrom rapid pace of industrializationand loss of productivity due tosickness or accident or stoppages of work due to bad personal and socialrelationship.
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DEFINATION OF CSR
CSR is the continuing commitment bybusiness to behave ethically and
contribute to economic developmentwhile improving the quality of the workforce and there families as well as of thelocal community and society at large.In united state CSR has been definedtraditionally much more in terms of aphilanthropic model.
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SCOPE OF CSR
Protecting and promoting stockholdersinterests.
a. insiderb. outsiderSocial concern and promotion of commandwelfare programs for benefit of poor and
indigent public.Act as a philanthropy- industrialist came torescue of the earthquake devastated peoplein Gujarat.
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CONTINUE
Corporate in the vanguard of renderingsocial services.
a. TISCO- active in treble area development.b. TCS- active in animal welfare program.c. SAIL- active in heath care program.
ensuring ecological balance.corporation should supplement stateefforts.
Ex. Tamilnadu s government health policy.
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BENEFITS OF CSR
In recruitment and retention of humanresources within the organization
Brand differentiation- CSR can play a role inbuilding customer loyalty based on distinctiveethical values.Avoidance of regulation- if CSR policy of company is good then government also relaxits norm and regulation.
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ARGUMENT AGAINST CSR
Milton friedman views- corporation has tomaximize return to its shareholders.
CSR is a strategy to avoiding regulation.Society has to pay the cost of economicdevelopment.
Ex. In context of environment
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CSR AN INDIA
North Delhi power limited a joinventure of TATA group and the Delhi
government has to help out AIDSpatients and imporves awareness inindustrial area of naraina.
ITC s e-choupal program.K.C. MAHINDRA EDUCATIONTRUST(1953)
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THANK YOU