BUSINESS ETHICS AND
CORPORATE GOVERNANCE
Name: Sneha
Programme: MBA (HR)
Enrollment Number: 22300143
Course Code: 7201
Course Name: Business Ethics and Corporate Governance
Mobile No.: 7088302240
Email Id.: [email protected]
Date of submission of Assignment: 15 July, 2025
Signature: Sneha
Que: 1(a) What is Virtual Ethics?
Ans: 1(a)
Meaning of Virtual Ethics- Organizational behavior describes
how people interact with one another inside of an organization,
such as a business.
Explanation:- (The four management functions)
are planning, organizing, leading, and controlling:
1. Planning
Managers set objectives and determine how to achieve them.
This involves understanding the current and future
environment, and making good decisions. Planning is the
foundation for the other management functions.
1. Organizing
Managers determine what work needs to be done, assign
responsibilities, and create an organizational structure. The
goal is to create a workplace where people can work together
to achieve the organization's goals.
1. Leading
Managers motivate, inspire, and guide employees to achieve
organizational goals. They need strong communication,
interpersonal, and decision-making skills.
1. Controlling
Managers monitor, evaluate, and adjust the plan as the project
progresses. They ensure that the team meets deadlines, stays
within budget, and uses resources efficiently.
Que: 2(a) Explain the Big Five Personality Traits and
their significance in OB.
Ans: 2(a)
Meaning of Organisational Behaviour - Organizational
behavior describes how people interact with one another inside of
an organization, such as a business.
Explanation: (The Big Five personality Traits)
The Big Five personality traits, also known as OCEAN or
CANOE, are a model used in organizational behavior (OB) to
understand how a person's personality affects their behavior
and decision-making
1. Agreeableness
People who are high in agreeableness are more likely to be
cooperative, kind, and trusting.
1. Conscientiousness
People who are high in conscientiousness are more likely to be
organized and goal-oriented.
1. Extraversion
People who are high in extraversion are more likely to be
social, outgoing, and enthusiastic.
1. Openness
People who are high in openness are more likely to be creative
thinkers and enjoy taking on new challenges. 5.Neuroticism
People who are high in neuroticism are more likely to
experience negative emotions such as anxiety, anger, guilt, and
depression.
Explanation: (Significance in OB)
Organizational behavior (OB) is the study of how people,
teams, and structure interact in a work environment. It's
important because it can help organizations:
1. Improve employee engagement:
By understanding what motivates employees, leaders can
create a more satisfying work environment.
1. Improve leadership:
OB can help leaders understand human behavior, provide
feedback, and create a trusting environment.
1. Foster innovation:
OB can help leaders create a culture that encourages creativity
and out-of-the-box thinking.
1. Improve communication:
OB can help organizations understand barriers to
communication and develop strategies to overcome them.
1. Improve decision making:
OB can help managers understand cognitive processes that
influence decision making.
Que: 3(b) What are the five stages of group
development in Tuckman’s model?
Ans: 3(b) Meaning of Group Development: Group
development is the process by which a group of people learn to
work together as a team to achieve a common goal.
Explanation:- (Five Stages of Group Development in Tuckman’s
Model)
The five stages of group development in Tuckman's model are:
1. Forming:
Team members get to know each other, the task, and the
group's goals. They may be uncertain and anxious, and they
may avoid conflict.
1. Storming:
The second stage of group development.
1. Norming:
Team members resolve disagreements and personality clashes,
and they share a common goal.
1. Performing:
The fourth stage of group development.
1. Adjourning:
Also known as mourning, this is the fifth and final stage of
group development.
Que: 4(b) Explain the Path-Goal Theory and its
implications for leadership effectiveness
Ans: 4(b) Path Theory:- Path-goal theory is a leadership
model that explains how a leader's style and behavior can
affect their employees' motivation, satisfaction, and
performance.
Explanation:- (Path-Goal Theory and its implications for
leadership effectiveness)
Path Theory was developed by Robert House in 1971 and
revised in 1996. The theory suggests that leaders should adapt
their style based on the needs of their employees and the work
environment.
Here are some implications of path-goal theory for leadership
effectiveness:
1. Identify employee needs
Understand your employees' needs, such as their motivation,
experience, and how they respond to authority.
1. Consider the work environment
Consider the complexity of the task, how structured it is, and
how well the team works together.
1. Choose the right leadership style
Use one of the four leadership styles identified by the theory:
directive, supportive, participative, or achievement- oriented.
1. Set clear goals
Make sure goals and expectations are clear so employees are
more likely to achieve them.
1. Provide guidance and support
Remove obstacles and provide necessary guidance and support
to help employees feel confident in their ability to succeed.
1. Create a supportive environment
Create a warm and friendly environment where employees feel
comfortable approaching you with problems or concerns.
1. Encourage participation
Involve employees in setting goals and discuss progress
regularly.
Que: 5(b) Explain the barriers to effective
communication in organizations.
Ans: 5(b) Meaning of Communication: Communication
is the sending and receiving of information and can be one-on-
one or between groups of people, and can be face-to-face or
through communication devices.
Explanation: (Barriers to effective Communication in
Organizations)
Here are some barriers to effective communication in
organizations:
1. Cultural barriers
Different cultures have different values, norms, and beliefs that
can lead to misunderstandings.
1. Physical barriers
Noisy workspaces, lack of privacy, or limited access to
communication technology can make it difficult to concentrate.
1. Language barriers
Differences in spelling, accent, dialect, or language can make
communication difficult.
1. Emotional barriers
Negative feelings about people, places, or situations can lead to
emotions like fear and mistrust.
1. Organizational barriers
Different organizational structures can lead to misinformation,
miscommunication, or lack of transparency.
1. Psychological barriers
Emotions like anger, frustration, and humor can cloud a
person's decision-making abilities.
1. Perceptual barriers
Internal biases can influence how we perceive other people,
ideas, or events.
1. Attitude barriers
Some people have attitude issues, like huge ego and
inconsiderate behaviors.
