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Business Ethics and Corporate Social Responsibility: Rajesh Kumar Gautam

This document discusses business ethics and corporate social responsibility. It defines business ethics as the system of moral principles and conduct rules that govern business. It also presents Rotary International's influential code of ethics from the 1930s that uses four questions to guide ethical decision making. The document then outlines important ethical principles for businesses to follow and presents a case study on the Bhopal gas tragedy. Finally, it defines corporate social responsibility, discusses the scope and benefits of CSR activities in India as well as some arguments against requiring CSR.

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117 views16 pages

Business Ethics and Corporate Social Responsibility: Rajesh Kumar Gautam

This document discusses business ethics and corporate social responsibility. It defines business ethics as the system of moral principles and conduct rules that govern business. It also presents Rotary International's influential code of ethics from the 1930s that uses four questions to guide ethical decision making. The document then outlines important ethical principles for businesses to follow and presents a case study on the Bhopal gas tragedy. Finally, it defines corporate social responsibility, discusses the scope and benefits of CSR activities in India as well as some arguments against requiring CSR.

Uploaded by

ali_saify52
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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BUSINESS ETHICS AND

CORPORATE SOCIAL
RESPONSIBILITY
PRESENTED BY:
RAJESH KUMAR GAUTAM
BUSSINESS ETHICS

 THE TERM BUSSINESS ETHICS


REFERES TO THE SYSTEM OF MORAL
PRICIPAL AND RULES OF CONDUCT
APPLIED TO BUSSINESS
IN THE 1930’S ROTARY INTERNATIONAL
DEVELOPED ITS CODE OF ETHICS THAT
IS STILL USED EXTENSIVELY.
ITS USES FOUR QUESTIONS:-

 IS IT THE TRUTH?
 IS IT FAIR TO ALL CONCERNED?
 WILL IT BUILD GOODWILL AND
FRIENDSHIP?
 WILL IT BE BANEFICIAL TO ALL
CONCERNED?
IMPORTANT ETHICAL PRINCIPALS THAT A
BUSSINESS SHOULD FOLLOW:

 DO NOT DECEIVE OR CHEAT CUSTOMER BY


SELLING SUBSTANDARD OR DEFECTIVE
PRODUCTS BY UNDER MEASUREMENT OF BY
ANY OTHER MEANS.
 DO NOT RESORT TO HOARDING,
BLACKMARKETING OR PROFITEERING.
 DO NOT DESTROY OR DISTORT COMPITION.
 ENSURE SINCERITY AND ACCUARCY IN
ADVERTISING LABLELLING AND PACKAGING.
CONTINUE…

 DO NOT TARNISH THE IMAGE OF


COMPETITORS BY UNFAIR PRACTICES.
 MAKE ACCURATE BUSSINESS RECORD
AVAILABLE TO ALL AUTHORISED PERSON.
 PAY TAXES AND DISCHARGE OTHER
OBLIGATIONS PROMPTLY.
 ENSURE PAYMENT OF FAIR WAGES TO AND
FAIR TREATMENT OF EMPLOYEES.
ROLE OF TRADE ASSOCIATION IN
CONTEXT OF BUSSINESS ETHICS

EDUCATION &
PERSUATION CODE OF ETHICS

MORAL
SANCTIONS
CASE STUDY ABOUT BUSSINESS ETHICS

THE BHOPAL GAS TRAGEDY:

 ROLE OF GOVERNMENT OF INDIA AND


MADHYA PRADESH GOVERNMENT IN
BHOPAL GAS DISSASTER.
 RESPONSE OF UNION CARBIDE
CORPORATION AFTER THE DISSASTER.
 CORPORATE SOCIAL
RESPONSIBILITY
ORIGIN AND GROWTH OF CONCEPT

 CSR’s origin and can be traced back to


the evolution of the concept of a
welfare state.
 Concept of industrialization comes
from rapid pace of industrialization
and loss of productivity due to
sickness or accident or stoppages of
work due to bad personal and social
relationship.
DEFINATION OF ‘CSR’

 CSR is the continuing commitment by


business to behave ethically and contribute
to economic development while improving
the quality of the work force and there
families as well as of the local community
and society at large.
 In united state CSR has been defined
traditionally much more in terms of a
philanthropic model.
SCOPE OF CSR

 Protecting and promoting stockholders interests.


a. insider
b. outsider
 Social concern and promotion of command
welfare programs for benefit of poor and
indigent public.
 Act as a philanthropy- industrialist came to
rescue of the earthquake devastated people in
Gujarat.
CONTINUE…

 Corporate in the vanguard of rendering


social services.
a. TISCO- active in treble area development.
b. TCS- active in animal welfare program.
c. SAIL- active in heath care program.
 ensuring ecological balance.
 corporation should supplement state
efforts.
Ex. Tamilnadu’s government health policy.
BENEFITS OF CSR

 In recruitment and retention of human


resources within the organization
 Brand differentiation- CSR can play a role in
building customer loyalty based on distinctive
ethical values.
 Avoidance of regulation- if CSR policy of
company is good then government also relax
its norm and regulation.
ARGUMENT AGAINST CSR

 Milton friedman views- corporation has to


maximize return to its shareholders.
 CSR is a strategy to avoiding regulation.
 Society has to pay the cost of economic
development.
Ex. In context of environment
CSR AN INDIA

 North Delhi power limited a join


venture of TATA group and the Delhi
government has to help out AIDS
patients and imporves awareness in
industrial area of naraina.
 ITC’s e-choupal program.
 K.C. MAHINDRA EDUCATION
TRUST(1953)
THANK YOU

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