Ethics in business & technical education
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This document discusses promoting ethics in business education. It identifies problems in current curriculums such as a lack of emphasis on ethics and how to teach it. Surveys show misconduct is decreasing but pressure to compromise ethics is increasing. Innovative approaches like Giving Voice to Values focus on implementing values. Recommendations include setting standards for ethics education and incentivizing ethical behavior rather than just curriculum changes. Successful programs at XLRI and SPJIMR integrate ethics concepts into management teachings.
Ethics in business & technical education
- 1. Promoting Ethics in Business Education KanikaVirmani, 13P146 Ankit Goel, 13P124 Aviral Bansal, 13P135 Avishek Dasgupta, 13P136 SandeepChatterjee, 13P165 Shashank Shukla, 13P166 Group 4
- 2. Contents Objective Introduction Problems Relevance for Businesses GivingVoice toValues Initiative National Business Ethics Survey XLRI, Jamshedpur S.P.Jain Institute of Management Research, Mumbai Recommendations
- 3. Objective Identify problems in the current academic curriculum and teaching methodologies Quote relevant findings and surveys to support the issue at hand Study evolving Innovative pedagogical tools in use Identify methodologies being adopted at other b-schools Make Recommendations to inculcate ethics & values in business education
- 4. Introduction Prescribing a compulsory course on ethics to all students is alone not sufficient Educating managers for integrity has eluded us in the past In a globalized world witnessing rapid advances, ethics on part of all professionals are very important Education as a vehicle can inculcate ethical dimensions among students and business education is no exception to this Planning and execution of education has to be such that by following best practices the students imbibe ethics in their day-to- day activities
- 5. Problems(1/2) Relegation of ethical issues to a small fraction of the faculty or to those perceived as having low status vitiates the power of the educational experience Few Business teachers have had any formal training, even a workshop in ethics or how to teach ethics Students often select business major with underlying idea that they need to learn how to win against competitors Being ethical is treated as a cost that can often be reduced to enhance the bottom-line No emphasis on teaching the relationship between business and society
- 6. Problems(2/2) Ethical values are internalized but not integrated as part of day-to- day behavior Pushing an ethical theory leads to a failure to realize the importance of what a person thinks about ethics Ethical analysis is presented in an introductory way in current curriculum Deep investigation into the theories is lacking Students don’t have a grasp on theories taught “The language of ethics is the language of harms and benefits, and rights and rules. It is a language that each of us knows how to use but because of the myth that business and ethics are unrelated, its application in actual business decisions is lagging behind” - R.Edward Freeman & Daniel GilbertJr., Corporate Strategy and Search for Ethics (1988)
- 7. Relevance for Businesses It is essential for business and management education students to understand the symbiotic relationship between business and society Employees (including managers) are better educated than they used to be, and so understand ethical issues better than they used to Employers increasingly dependent on attracting high quality staff who, with more choice than they used to have, are less willing to work for morally ‘iffy’ businesses Businesses are entering new and morally more debatable areas The media have become very good at exposing questionable behavior Information is now so easy to get hold of Internet makes it easier again
- 8. GivingVoice to Values An innovative, cross-disciplinary business curriculum Action-oriented pedagogical approach for developing the skills, knowledge and commitment required to implement values-based leadership Focuses on ethical implementation and asks the question:What would I say and do if I were going to act on my values? Helps students identify the many ways to voice their values in the workplace The issue isn’t distinguishing what is right or wrong, but knowing how to act on your values despite opposing pressure It is free to educators
- 9. B-Schools FollowingGVV Following B-Schools are the pilot sites forGVV i.e the courses are being conducted from these B-Schools Indian Institute of Management,Calcutta Indian School of Business S.P.Jain Institute of Management research Narsee Monjee Institute of management studies Goa Institute of Management
- 10. National Business Ethics Survey (USA) • The percentage of employees who witnessed misconduct at work fell to a new low of 45% in 2011 from 49% in 2009 • Those who reported the bad behaviour they saw reached a record high of 65% in 2011 from 63% in 2009 • However, retaliation against employee whistleblowers rose sharply to 22% in 2011 from just 12% in 2009
- 11. National Business Ethics Survey (USA) •One-third of employees (34%) say their managers do not display ethical behaviour, up from 24% in 2009 •With employees more likely to look to supervisors when they report misconduct, this is a troubling downturn.
- 12. National Business Ethics Survey (USA) • Workplace misconduct has historically followed a similar trajectory to stock market performance which means during strong economic growth misconduct increases • However, in 2011 even if there is economic growth, misconduct is decreasing
- 13. National Business Ethics Survey (USA) • U.S. employees reported an increase in pressure to compromise their company’s ethics standards or policies, or even break the law in 2011 • 13 percent of employees said they felt pressure to break the rules, the highest since 2000
- 14. XLRI • Inspired by the Jesuit spirit of 'Magis', XLRI aims at being a management school with : • A passion for academic excellence • Uncompromising human values • A sensitive social conscience • An abiding commitment to improving the quality of life in organizations and society • Integrity
- 15. XLRI B.Muthuraman,Chairman, Board of Governors, XLRI excerpts There are more failures in life than successes; learn to deal with them Purpose of business is to improve the quality of life of the society SIGMA (Students Initiative Group for ManagerialAssistance) aims at taking up and implementing socially relevant projects on campus Social EntrepreneurshipTrust was setup by XLRI in association with its alumni aims to encourage and support entrepreneurship with a social cause XLRI students look for social sector as a career option, moving away from high paying corporate jobs
- 16. SPJIMR Through video-lectures, students are being taught management on the lines of the ideals of Indian philosophy Gita Shibir helps them identify, appreciate and imbibe appropriate attitudes to stand up and face challenges of the corporate world Students are taught through video lectures, followed by discussions on religious scriptures and their relevance with the current management thinking The participants learn how the concept of dharma can be applied to our daily lives as well as the corporate world It is about the core concepts of spirituality which are applicable to humanity at large, irrespective of religion, caste, creed, language, country or any other differences.
- 17. Recommendations Setting up an accreditation society like AICTE for technical education that prescribes specialized curriculum Accreditation reviewers should assist in working with b-schools to assess and enhance their ethics programs Failure in this area should be a significant concern to the school and a significant finding in the team’s report Where a team finds successes best practices may be shared that can be used by other schools Assist b-schools in understanding and achieving these standards Explicit mention of ethics in the mission statement
- 18. Recommendations Incentivizing ethical behavior rather than sole focus on curriculum and assignments Fear of deadlines Procedures for handling identified instances of academic dishonesty Inclusion of ethical behavior as an evaluated dimension of internships Requirement for concurrent employment in an organization known for maintaining ethical standards Implicit connections through the discussion of cultural, religious, or other social references.
- 19. References National Business Ethics Survey, 2011 Report of the Ethics EducationTask Force to AACSB International Board of Directors Management Education for Integrity : Ethically educating tomorrow’s business leaders – CharlesWankel Ethics, Business and Society : Managing Responsibly – Ananda Das Gupta Values Ethics and Business : challenges for education and management – Ananta.k.Giri www.business-standard.com www.economictimes.indiatimes.com
- 20. TTHANKYOU