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Business Ethics
An Indian Perspective
Ronald D Francis
Mukti Mishra
Developed By: Anubhuti Jain
CHAPTER 1
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Helps in decision making
Necessitates an appreciation of legal
concepts
Addresses the issue of government-induced
competition
Addresses the issue of loyalty
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Hypothetical Corporate Structure
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To set standards in organisational behaviour
To address issues related to,
◦ Employees
◦ Company
◦ Shareholders
◦ Relations between organisations
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Use of spinning wheel and sewing machines encouraged
by Gandhi
Strong set of trade unions in India
Adoption of mixed economy in India
The ‘New Lanark’ venture of Robert Owen
Contribution by Cadburys and the Frys
Merits of social co-operation expounded by Socialist
philosophers
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Verbal communication
Non-verbal communication
Balancing individual rights and the common good
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Code of ethics
Deontological issues of duty
Consequentialism
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Ethics may be seen as a luxury affordable
only by the affluent.
‘e-fraud’
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Increasing globalisation and public investment are
pressing the need of ethical governance.
Good corporate governance promotes an ethical
climate that is both morally appropriate in itself,
and consequentially, appropriate in the sense, that
ethical behaviour in business is reflected in
desirable commercial outcomes.
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Ethical corporate governance requires
strong ethical leadership.
Good governance enhances stakeholder
value, company morale and productivity.
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