Indian Managers Attitudes Towards Business Ethics

Presented By:- Group 4

Mudit Mittal Arpitha Mathur Ekta Singh Aporv Maan Gunjan Srivastava Pramod Kumar

 The word Ethics comes from the Greek word Ethos which means character, standards, ideals, manners. In present context, Ethics is used in two ways: as a field of study, as well as, a behavioral pattern. Ethics refers to a set of moral principles which should playa very significant role in guiding the conduct of managers & employees in operation of any enterprise. --- Dale S. Beach

Group- 4 MBA Ist sem. SRMS CET

3/19/2013

What is Ethics !!!

 Business Ethics is nothing but it is just the application of Ethics in Business. Its deal with the morality in the business environment. Business Ethics proves that business can be & have been, ethical & still can make profits. Therefore, an action may be legally right but ethically wrong. It involves morale judgments, based on the understanding of the norms of the society. Eg:- In a small village, a trader may charge a high price for certain product, legally he may correct, but ethically not.

Group- 4 MBA Ist sem. SRMS CET

3/19/2013

Business Ethics

 Profit maximization & discharge of social responsibility at the maximum limit. Concern for worker & concern for productivity opposite to each other. Consideration should be given to see whether alternatives means of arrangement can be made people disturb or not. Merger & acquisition take place between companies.

Group- 4 MBA Ist sem. SRMS CET

3/19/2013

Applications

 A companys managers play an important role in establishing its ethical tone. If managers behave if the only thing that matters is profit, employees are likely to act in a like manner. A companys leaders are responsible for setting standards for what is & is not acceptable employee behavior. Its vital for managers to play an active role in creating a working environment where employees are encouraged & rewarded for acting in an ethical manner.

Group- 4 MBA Ist sem. SRMS CET

3/19/2013

Management & Business Ethics

 A majority of business manager believes in good ethics, various circumstances like unnatural competition, company policy & plethora of rules & Regulation often prevent the manager from putting belief in to practice. Managers were dissatisfied with the idea that profit should be only guidelines for businessman decision making. A majority of managers welcomes the idea of the code of conduct & felt that it would help to improve the ethical climate in the country.

Group- 4 MBA Ist sem. SRMS CET

3/19/2013

Managers Attitude

Group- 4 MBA Ist sem. SRMS CET

Formal education & training did not seem to have simulated the desire to act honestly. More time in decision making when business considered ethical application. The influence of supervisors, though whom the company policy is most often transmitted, was considered important in ethical action.

3/19/2013

Managers Attitude

 Unhealthy Competition Abnormal profit motive Corporate culture Formal & Informal policies & rules Companys attitude towards employees Hiring practice Companys decision making process Behavior & attitude of organizations leader Non cooperation of employees.

Group- 4 MBA Ist sem. SRMS CET

3/19/2013

Factors Affecting Managers Attitude

Managers Attitude

Group- 4 MBA Ist sem. SRMS CET

3/19/2013

 Reference:- Principles & Practice of Management L. M. Prasad

Group- 4 MBA Ist sem. SRMS CET

Thank You

3/19/2013

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