INDIAN INSTITUTE OF MANAGEMENT, IIM INDORE - MUMBAI CAMPUS

Ethics and CSR

Group Assignment

Submitted to: Prof. G. Venkat Raman

Submitted by: Group No. 12 PGPM Batch 2017-2019

Group Members:

Chintan Atodaria 2017PGPM015

Meenal Kohad 2017PGPM036
Shreya Nath 2017PGPM061
Vidhi Bhate 2017PGPM070
Ethical learnings from the cases:

Case Ethical Lessons

James Burke: A A leader must take responsibility of any wrongdoing or fault of the
career in organisation and take the needful actions
American A leader must know how to see a company beyond being a profit-making
Business (A) entity
It is important to state the values in which the company believes, so that
decisions regarding any situation can be taken accordingly. These values
must be revised at needed times
A leader must be approachable and open for any communication. They
must not reprimand employees for making mistakes while trying new
things
Albert Jack It is unethical to take part in corruption even when the whole system is
Stanley in Nigeria involved
Natural resources must be used in a sustainable way
Dieselgate: Unethical means should not be used to achieve unrealistic goals set by
Catching Dirty companies
Fish in Murky Administrative systems must be put in place to check upon the
Waters procedures followed in organisations

SBI Youth for Companies should not just be profit-oriented, they should do their part
India Rural for the society by engaging in socially responsible activities
Fellowship Building a collaborative network by taking up necessary partnerships is
Program helpful
Projects that are undertaken must be institutionalised to avoid getting
discontinued by future management
The Pune Power People trying to implement an idea that can be used for the greater good
Model must not be deterred by initial opposition
Diverse interest groups must be brought together to solve chronic
problems existing in the society
The Hewlett Stating the values in which a company believes is necessary. It creates a
Packard e-Health path for the employees and future managers to follow. In this case, it was
Centre incorporating global citizenship as part of HPs objectives
Starting an initiative is not enough, following it up by measuring its
effectiveness is necessary (Analytics Dashboard)
Taking collaborators on board to make the program successful is
important

Ethical dilemmas faced in India since last 5 years and matching them to the lessons learnt:

1) Sahara India Pariwar was involved in illegal and fraudulent money collection from its investors,
which led to the arresting of groups founder Subrata Roy in 2014. SEBI alleged that Sahara India
Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL), which issued
Optional Fully Convertible Debentures (OFCD), illegally collected investor money. Both SEBI and
Sahara group have been fighting a legal battle ever since.
 Learning:
The learning from the case Dieselgate: Catching Dirty Fish in Murky Waters can be applied here
- Unethical means should not be used to achieve unrealistic goals set by companies.
As seen in this above example, not following ethical practices resulted in fall of the Sahara
Group.

2) The Saradha Group scam of 2013 saw a whopping 1.7 million investors of a Ponzi scheme lose
approximately USD 5 billion when the scheme dwindled. Negligence on part of the ever-
powerful politicians of West Bengal, regulatory bodies etc. led to the scheme staying alive and
undetected for so long.

Learning:
The learning from the case Dieselgate: Catching Dirty Fish in Murky Waters can be applied
here. If Administrative systems had been put in place to check upon the procedures followed in
organisation, then the above failure wouldnt have happened.

3) Infosys levied a fine of Rs.5 lakhs on its CEO, Kris Gopalakrishnan for a technical violation of its
insider trading rules. This fine was in the form of donating Rs.5 lakhs to a charitable
organization.

Learning:
The learning Stating the values in which a company believes is necessary. It creates a path for
the employees and future managers to follow. from the case The Hewlett Packard e-Health
Centre can be applied for the above example.

4) Cow vigilantism and increasing intolerance.

Learning:
The learning Diverse interest groups must be brought together to solve problems existing in the
society which is derived from the case The Pune Power Model can be applied for the above
issue faced in India.