ethics in business & technical education
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Promoting Ethics in Business Education
Kanika Virmani, 13P146
Ankit Goel, 13P124
Aviral Bansal, 13P135
Avishek Dasgupta, 13P136
Sandeep Chatterjee, 13P165
Shashank Shukla, 13P166
Group 4
Contents
Objective
Introduction
Problems
Relevance for Businesses
Giving Voice to Values Initiative
National Business Ethics Survey
XLRI, Jamshedpur
S.P.Jain Institute of Management Research, Mumbai
Recommendations
Objective
Identify problems in the current academic curriculum
and teaching methodologies
Quote relevant findings and surveys to support the
issue at hand
Study evolving Innovative pedagogical tools in use
Identify methodologies being adopted at other b-
schools
Make Recommendations to inculcate ethics & values
in business education
Introduction
Prescribing a compulsory course on ethics to all students
is alone not sufficient
Educating managers for integrity has eluded us in the past
In a globalized world witnessing rapid advances, ethics on
part of all professionals are very important
Education as a vehicle can inculcate ethical dimensions
among students and business education is no exception to
this
Planning and execution of education has to be such that
by following best practices the students imbibe ethics in
their day-to-day activities
Problems(1/2)
Relegation of ethical issues to a small fraction of the faculty or to those perceived as having low status vitiates the power of the educational experience
Few Business teachers have had any formal training, even a workshop in ethics or how to teach ethics
Students often select business major with underlying idea that they need to learn how to win against competitors
Being ethical is treated as a cost that can often be reduced to enhance the bottom-line
No emphasis on teaching the relationship between business and society
Problems(2/2)
Ethical values are internalized but not integrated as part of day-to-day behavior
Pushing an ethical theory leads to a failure to realize the importance of what a person thinks about ethics
Ethical analysis is presented in an introductory way in current curriculum
Deep investigation into the theories is lacking Students don’t have a grasp on theories taught
“The language of ethics is the language of harms and benefits, and rights and rules. It is a language that each of us knows how to use but because of the myth that business and ethics are unrelated, its application in actual business decisions is lagging behind”
- R.Edward Freeman & Daniel Gilbert Jr., Corporate Strategy and Search for Ethics (1988)
Relevance for Businesses
It is essential for business and management education students to understand the symbiotic relationship between business and society
Employees (including managers) are better educated than they used to be, and so understand ethical issues better than they used to
Employers increasingly dependent on attracting high quality staff who, with more choice than they used to have, are less willing to work for morally ‘iffy’ businesses
Businesses are entering new and morally more debatable areas
The media have become very good at exposing questionable behavior
Information is now so easy to get hold of Internet makes it easier again
Giving Voice to Values
An innovative, cross-disciplinary business curriculum
Action-oriented pedagogical approach for developing the skills, knowledge and commitment required to implement values-based leadership
Focuses on ethical implementation and asks the question: What would I say and do if I were going to act on my values?
Helps students identify the many ways to voice their values in the workplace
The issue isn’t distinguishing what is right or wrong, but knowing how to act on your values despite opposing pressure
It is free to educators
B-Schools Following GVV
Following B-Schools are the pilot sites for GVV i.e the courses are being conducted from these B-Schools
Indian Institute of Management, Calcutta
Indian School of Business
S.P.Jain Institute of Management research
Narsee Monjee Institute of management studies
Goa Institute of Management
National Business EthicsSurvey (USA)
• The percentage of employees who witnessed misconduct at work fell to a new low of 45% in 2011 from 49% in 2009
• Those who reported the bad behaviour they saw reached a record high of 65% in 2011 from 63% in 2009
• However, retaliation against employee whistleblowers rose sharply to 22% in 2011 from just 12% in 2009
National Business EthicsSurvey (USA)
•One-third of employees (34%) say their managers do not display ethical behaviour, up from 24% in 2009• With employees more likely to look to supervisors when they report misconduct, this is a troubling downturn.
National Business EthicsSurvey (USA)
• Workplace misconduct has historically followed a similar trajectory to stock market performance which means during strong economic growth misconduct increases
• However, in 2011 even if there is economic growth, misconduct is decreasing
National Business EthicsSurvey (USA)
• U.S. employees reported an increase in pressure to compromise their company’s ethics standards or policies, or even break the law in 2011
• 13 percent of employees said they felt pressure to break the rules, the highest since 2000
XLRI
• Inspired by the Jesuit spirit of 'Magis', XLRI aims at being a management school with :
• A passion for academic excellence• Uncompromising human values• A sensitive social conscience• An abiding commitment to improving the quality
of life in organizations and society• Integrity
XLRI
B.Muthuraman, Chairman, Board of Governors, XLRI excerpts
There are more failures in life than successes; learn to deal with them
Purpose of business is to improve the quality of life of the society
SIGMA (Students Initiative Group for Managerial Assistance) aims at taking up and implementing socially relevant projects on campus
Social Entrepreneurship Trust was setup by XLRI in association with its alumni
aims to encourage and support entrepreneurship with a social cause
XLRI students look for social sector as a career option, moving away from high paying corporate jobs
SPJIMR
Through video-lectures, students are being taught management on the lines of the ideals of Indian philosophy
Gita Shibir helps them identify, appreciate and imbibe appropriate attitudes to stand up and face challenges of the corporate world
Students are taught through video lectures, followed by discussions on religious scriptures and their relevance with the current management thinking
The participants learn how the concept of dharma can be applied to our daily lives as well as the corporate world
It is about the core concepts of spirituality which are applicable to humanity at large, irrespective of religion, caste, creed, language, country or any other differences.
Recommendations
Setting up an accreditation society like AICTE for
technical education that prescribes specialized
curriculum
Accreditation reviewers should assist in working with b-
schools to assess and enhance their ethics programs
Failure in this area should be a significant concern to the school and a significant finding in the team’s report
Where a team finds successes best practices may be shared that can be used by other schools
Assist b-schools in understanding and achieving these
standards
Explicit mention of ethics in the mission statement
Recommendations
Incentivizing ethical behavior rather than sole focus on
curriculum and assignments
Fear of deadlines
Procedures for handling identified instances of academic
dishonesty
Inclusion of ethical behavior as an evaluated dimension of
internships
Requirement for concurrent employment in an organization
known for maintaining ethical standards
Implicit connections through the discussion of cultural,
religious, or other social references.
References
National Business Ethics Survey, 2011
Report of the Ethics Education Task Force to AACSB International Board of Directors
Management Education for Integrity : Ethically educating tomorrow’s business leaders – Charles Wankel
Ethics, Business and Society : Managing Responsibly – Ananda Das Gupta
Values Ethics and Business : challenges for education and management – Ananta.k.Giri
www.business-standard.com
www.economictimes.indiatimes.com
TTHANK YOU