mgmt of ethics in indian industry

7/31/2019 Mgmt of Ethics in Indian Industry

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MANAGEMENT OF ETHICSIN INDIAN INDUSTRY

Presented byIsha : 92016

Lokesh : 92063Ravi sarup : 92079Neelendra : 92066

Kishor : 92062

Sandeep : 92071


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Vishnugupta??

Minister in the kingdom of ChandraguptaMaurya during317-293 B.C.

Kautilya??

Chanakya

Explained his views on State, War, Social Structure,Diplomacy, Ethics , Politics and Statecraft very clearly inhis much celebrated book Arthashastra .


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Arthashastra talks about

How to expand their kingdom multifold -increase market share.

How to protect the kingdom against powerfulenemies - develop a strategy against competitors.

How develop winning strategies, habits andpractices based on ethics & values.


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Arthashastra talks aboutKautilya gave an insight to balance short term/long termobjectives and strategies for the business.

Kautilya's Arthashastra is unique in emphasizing theimperative of economic growth and welfare of all in thesociety as well as an organizational set-up.He believed that ethical values pave the way to heaven aswell as to prosperity on the earth, that is, have an intrinsicvalue as well as an instrumental value.He extended the conceptual framework to deal with conflictof interest situations arising from the emerging capitalism.

Kautilya tried to integrate ethics and economics together inhis view.Thus, Kautilya has given significant contribution to the fieldof ethics which is relevant to present business environmentalset-up.


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It has been said that-"So long as the Human mind remains filled withits negativities of jealousy, ego, hatred and

over indulgence, so long as humanbeingsrequire self control , discipline andmanagement ., 'Kautilaya's Arthashastra' willremain relevant."


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Be sure you are right,then go ahead.

Davy Crockett (1786 1836)


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Ethics

Dictionary meaning : A system of moralprinciples, rules and conduct. The origin is from a Greek word Ethos which means character.Ethics is defined as the ability todistinguish between right and wrong and

to act accordingly.


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Ethics

Ethics originates from Religions Social environment

Parents and TeachersEthics is degree of faith in oneself.Ethics is essentially a matter of concern of inner contents of individual.Ethical person is the person of integrityand character who brings the same forthe organization.


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Ethics in BusinessEthics in business is :

The dos and donts by the business usersA set of principles a business man ought tofollow.The business should be conducted accordingto recognized moral standards.Few unethical elements in the present daybusiness are: Cheating Stealing Lying Bribing Corrupting etc.


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Corporate Ethics

Based on principles of integrity andfairness

Ensures a fair and responsible behaviourof the organization as a whole

Focuses on Stakeholders and employees.

Quality of product and services Customer satisfaction. Community and environment


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Corporate Ethics Implementation

Define the framework of the acceptablebehavior.

Create benchmarks for self evaluation. Enhance sense of responsibility towards

society. Create transparency in the business

activities. Foster higher standards of business

ethics. Comply with government laws and norms.


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Who is responsible forethics in the company?

Everyone


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Ethics: Management Perspective

What is included incorporate ethics?

Purpose of theBusiness

People Society

Government Environment

Factors to be kept inmind

Involvement of theSenior Management

Involvement of employees

Picking the triedand tested model


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Management of ethics : Functionof Board of Directors

Accountable for corruption or improprietyin a company.

Boards decisions on resource allocation,performance targets or promotions alwaystrump official statements of ethicalvalues.

Whistleblowers are to be given protection Influence the pressures which the CEOs

handle in managing ethics


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TATA Steel Management of Business Ethics (MBE) Programme

July is celebrated as Ethics Month for reinforcingemployee involvement and passion in the (MBE)

Each employee take Ethics Pledge Board of Directors to adopt and implement the

Whistle Blower Policy Policy encourages the employees to raise their

concerns without fear Policy also provides for protection of the

Whistle Blower by a Whistle Blower ProtectionCommittee

Concerns received during the year wereresolved expeditiously


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TATA Steel Management of Business Ethics (MBE) Programme

A Gift Policy was adopted by the Company Various steps were taken to create awareness

amongst the employees about this policy The salient features of the Policy were also

communicated to other stakeholders likevendors, contractors etc

A Central Forum for Ethics was formed topromote and uniformly deploy the MBE Processin associate companies


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Ethics Management @ NDTV Has a central Ethics Committee headed by the

chief Managing Editor. It has a elaborate editorial procedures to

maintain editorial standards fortify NDTV'scommitment to credible reporting

The Editorial Board headed by the chairperson The aim of the Editorial Board

Take regular steps and pre-emptive action on issuesarising from editorial direction

Focal point for answering any queries or complaintson editorial matters


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Ethics Management @ NDTV A Whistleblower policy to help employees to

raise any concerns and protection under thepolicy

A gifts and entertainment policy

Anti-sexual harassment policy for making theworkplace more suitable for everyone.

A disciplinary procedure which helps improveemployee behavior and help in the growth of thecompany


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Ethics Management inConstruction Industry

ConcernsBid shopping

No Payments Issues

Inflated Claims, False Claims

Threats


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Ethics Management @LANCO

Focus on negotiating, using such deliverymethods as design-build and integratedproject deliveryCompetition & Fair Dealing PolicyClear vision articulated by the seniormanagement

Create ethics as a personal successmeasurement.Training: set clear policies at the sitelevel, HO level.


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Principals for ethically runBusiness

Principle 1 Productivity is much moreimportant than profitability

Principle 2 The customer is not sheepthat can be sheared

Principle 3 The buyer's domain is moreimportant than the middlemen's domain

Principle 4 Be diplomatic with yourcompetitors


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Importance of Ethics in Business

Ethics corresponds to basic human needs.It creates credibility of the companywithin society.It gives transparency in the managementof the company.It increases the goodwill among various

stakeholders like vendors, suppliers andabove all customersIt increases customer loyalty.


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Conclusion:

In order to win the game, you need toplan.To plan information is imperative.Get it through legal and ethical means.Its fact that to win consistently, you needto play by rules.In life play hard, play fair.In life and Business Ethical Standard Must be Set Ethical Standard Must be Met.

mgmt of ethics in indian industry

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