corporate ethics via scriptures and tradition

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PRESENTED BY- SHWETANK MISHRA AMBUJ SRIVASTAVA

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Page 1: Corporate Ethics via Scriptures and Tradition

PRESENTED BY-SHWETANK

MISHRAAMBUJ

SRIVASTAVA

Page 2: Corporate Ethics via Scriptures and Tradition

CORPORATE VALUES & ETHICS

(Maximizing profit for stockholders versus maximizing social good for stakeholders)

$ Increase its Profit

$ Social Responsibility (groups that have a claim, or stake, in the corporation---should not be treated as merely means to profit.)

$ Issues in corporate ethics( risks for consumers, investors and workers; the ethical treatment of workers; the practice of diversity or discrimination within the workplace; privacy and human rights.)

Page 3: Corporate Ethics via Scriptures and Tradition

Business Ethics and Values in Corporate Culture

Basic Integrity(Must first concentrate on proving its basic integrity and trust with stakeholders, including customers.)Employee Management(Respect and fair working conditions, decision-making involvement, non-discrimination.) Community Relations(Charitable giving and community programs, employee time off for volunteering. ) Environmental Responsibility(Reforestation, biodegradable waste management and energy utilization programs.)

Page 4: Corporate Ethics via Scriptures and Tradition

INDIAN VALUE SYSTEM

Page 5: Corporate Ethics via Scriptures and Tradition

INDIAN VALUE SYSTEM

• Values can be defined as certain attitudes and beliefs that a person follows in his conduct. Those standards as per which an individual judges his own actions, whether he is right or wrong can be called as values

•  Value system comprises of all those beliefs and viewpoints that the parents pass on their next generation, they further pass it on to their offspring and so, the legacy goes on and on.

Page 6: Corporate Ethics via Scriptures and Tradition

INDIA VALUE SYSTEM

values that are part of India's cultural heritage are:

Living peacefully and respecting each other's rights.• Never ever compromising on integrity for the purpose of

prosperity.• Maintain strong bonds with the family members as well as

relatives.• Being hospitable to everyone who comes to your home,

irrespective of his caste, creed, financial position or status.• Treating guest as God i.e. 'Atithi Devo Bhava'.• Remembering and bowing to God first thing in the

morning.• Indulging in yoga and meditation.• Always taking the advice of elders in case of any important

decision

Page 7: Corporate Ethics via Scriptures and Tradition

TEACHING FROM SCRIPTURES & TRADITION

• Geeta• Ramayana• Mahabharata• Upanishads• Vedas• Bible• Quran

Page 8: Corporate Ethics via Scriptures and Tradition

ROLE OF RAMAYANA IN CORPORATE VALUE & ETHICS

Page 9: Corporate Ethics via Scriptures and Tradition

Stages of Ramayan Story

• Ayudhya and Lanka• Rama and Sita• The abduction of Sita• The way to Lanka• Ravana's dream• The fighting begins• Rama meets Sita and returns to

Ayudhya

Page 10: Corporate Ethics via Scriptures and Tradition

Ramayana

• Ramayan can be describe as a whole organizational work. teamwork is an important principle in management, and Rama applied the same in search of Sita and was successful in the mission. Another one is in an organisation one must be treated affectionately which Rama did when he met Hanuman and Vibhishana

• . Management principles such as encouraging lower category of employees,

• rewards for good work, self-motivation, decision-making, recognition

• , market survey, market exploitation, time management and the art of communication are aligned with instances in the epic.

Page 11: Corporate Ethics via Scriptures and Tradition

Leadership.

Vision & cause.

Impersonality.

Protection of interest.

Truthfulness.

Ambitious.

Fulfillment of the law.

Motivation.

Settle a dispute over inheritance.

Strength, energy & passion.

Page 12: Corporate Ethics via Scriptures and Tradition

IN CORPORATE VALUE & ETHICS

Page 13: Corporate Ethics via Scriptures and Tradition

Mahabharata and Business Ethics

• “YADAA YADAA HI DHARMASYA

GLANIR BHAVATI BHARATA,

ABHUTHANAM ADHARMASYA

TADATMANAM SRUJAMRUIHAM”.

• यदा� यदा� हि� धर्म�स्य�, ग्ला�हि�र्भ�वहि� र्भ�र� । अभ्य�त्था��र्म� अधर्म�स्य�, �दा�त्र्म���

सृ�जा�म्य�र्म� ।।

Page 14: Corporate Ethics via Scriptures and Tradition

Lord Krishna said•  -”Whenever Dharma would be at stake, I would

reincarnate

to save this Dharti (EARTH)". I want to share something very revolutionary.About "MEANS AND MANAGEMENT “After getting a great assignment liketoday.The topic is “MAHABHARATA AND MANAGEMENT (ethics &values)". The topic sounds wonderful. Commencing with the most importantpart of Mahabharata. "PANDAVAS” though they were just five, but still were aperfect example of a team. Team with all qualities. Let me describe them indetail. Going in ascending order of age-

Page 15: Corporate Ethics via Scriptures and Tradition

Pandav as A Management Team

• 1. SAHDEVA: Known for his intelligence2. NAKULA: For his horse riding3. ARJUNA: Archery4. BHIMA: Power and strength5.YUDHISTHIR: EthicsandKRISHNA: An invincible leader

Page 16: Corporate Ethics via Scriptures and Tradition

• Krishna always said. "Dharma is the end what you achieve. Means don't count into Dharma." Let's infer something from this and apply it in the

management arena. • So what can we infer? Management is something

which does require some ethics. But friends it’s not a place where you show your commitment to truth. It’s a place where you got to show your commitment to skills and plan to achieve the end. The path you achieve it is not important.

Page 17: Corporate Ethics via Scriptures and Tradition

Ethics In MAHABHARAT

• Why Krishna Helps To Pandav• Lord Krishna did make the Pandavas win the war

by trickery and deceit and not by Skills.• Dharamraj Yudhishthara the eldest of the

Pandavas, had also faltered, otherwise the one who practiced ethics would not agree to stake his beloved wife in the game of dices.

• • As Bhishma adviced his prince “A man who wishes to profess goodness at all times will come to ruin among so many who are not so good. Hence it is necessary for a prince who wishes to maintain his position to learn how not to be good, and to use this knowledge according to the necessity”

Page 18: Corporate Ethics via Scriptures and Tradition

ROLE OF BHAGWAT GITA IN CORPORATE

VALUE & ETHICS

Page 19: Corporate Ethics via Scriptures and Tradition

Utilization of Available Resources

Attitudes Towards Work

Motivation - Self and Self-Transcendence

Work Culture

Work Results

Bhagwat Gita says that Work place War is a destiny of all humans

Page 20: Corporate Ethics via Scriptures and Tradition
Page 21: Corporate Ethics via Scriptures and Tradition

ROLE OF QURAN IN CORPORATE VALUE & ETHICS

We raise some of them above others in ranks, so that some may command work from others.

Page 22: Corporate Ethics via Scriptures and Tradition

Obey & respect to the authority.

Gratefulness(Be grateful to you and to both your employees)

Cooperation & teamwork.

Humbleness / Humility.

Motivation & commitment.

Equal opportunity to all.

Quality management system.

Fulfilling commitments.

Page 23: Corporate Ethics via Scriptures and Tradition

ROLE OF BIBLE IN CORPORATE VALUE &

ETHICS

Page 24: Corporate Ethics via Scriptures and Tradition

†Moral Decision Making.† Condemnation of unethical business practices.†Time management-

Making a list of activityPriorities the tasksFollow schedules & target datesDelegationRecord

†communal connectedness and responsibility, i.e. “corporate personality,”†Stress management-

EnvironmentMental outlookImagined threatWrong perceptions

Page 25: Corporate Ethics via Scriptures and Tradition

ROLE IN CORPORATE VALUE & ETHICS

Page 26: Corporate Ethics via Scriptures and Tradition

Upanishad is a combination of three words: upa, ni, and sad. Upa means near; ni means below and determination, and sad means, to sit down. Thus the simple meaning of Upanishad is "near below sitting".

`Sreyas' and `Preyas‘. objectivity. Work is worship. understanding and analysing the issue. Help others. Self motivation & self development.

"Look back to see how your predecessors had acted in a similar situation. Look around to see what action your

contemporaries have taken."

Page 27: Corporate Ethics via Scriptures and Tradition
Page 28: Corporate Ethics via Scriptures and Tradition

ROLE OF VEDAS IN CORPORATE VALUES & ETHICS

Page 29: Corporate Ethics via Scriptures and Tradition
Page 30: Corporate Ethics via Scriptures and Tradition

• The Vedas contain various concepts such as knowledge management, relationship marketing, quality system, change management, time management, etc. in terms of Social responsibility; the Vedas specify that the poor

and the needy shall be duly protected.

Page 31: Corporate Ethics via Scriptures and Tradition

Unity of existence.The entire human race is like a

one extended family.The welfare, progress,

development & happiness to all.Divinity is inherent in all

existence.

Page 32: Corporate Ethics via Scriptures and Tradition

Conclusion• We cam see how relevant and important

aspects of Management and Business Ethics we can discover from our

scriptures. We have seen many people advocating the concept that one can do either business or ethics. But this

is not the fact. ”Good actions always yield good results”

Page 33: Corporate Ethics via Scriptures and Tradition
Page 34: Corporate Ethics via Scriptures and Tradition

Ethics In MAHABHARAT

• Why Krishna Helps To Pandav• Lord Krishna did make the Pandavas win

the war by trickery and deceit and not by Skills.

• Dharamraj Yudhishthara the eldest of the Pandavas, had also faltered, otherwise the one who practiced ethics would not agree to stake his beloved wife in the game of dices.