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Business and society



Linkage Linkage          Linkage



                     &




         possibilities
Community               Government

                     Business
Owners                                 Employees

                     Consumers
   Youth are the power of any nation, it is
    the time of globalization and youth is
    breaking all the barriers between society
    and old culture to create a world of
    togetherness.
   Now youth are becoming interprenurer
    and in their busy hectic life schedule they
    are feeling the need of society.
    How a single business decision changes
    the course of life, how society at large
    benefits from business ventures, how
    business societies are formed due to
    mutual give and take relationships, how
    the socio-economic customs are an
    outcome of businesses are dealt with
    here.
   Social ethics
   Social contrast
   Corporate social responsibilities
   Business scams
   Social enterprises
   Current ethical issues in your society will reflect
    a particular community's leaning towards given
    circumstances. For example, the issue of head
    scarves - Islamic women covering their faces or
    their hair. As a matter of course, this is a
    practice that is dictated by the religion they
    choose to follow, but in circumstances where
    terrorism has the world in its grip, is it a
    violation of human rights to ban the wearing of
    burqas when the question is one of national
    security? Is it a political reform, against the
    principles of social ethics or is it curbing of
    freedom of choice?
   If a woman is pregnant due to
    unfortunate incidents like rape then is it
    not her right to choose abortion?
   if a couple gets involved in unprotected
    sex without using contraceptive methods
    resulting in a pregnancy, what step
    should they take?
And what in cases of
teenage pregnancy?
What if is the mother
is mentally,
emotionally and
economically
unprepared to handle
the nuisances of being
a mother or parent?
Isn't it logically correct
and more responsible
on her part to go for
abortion? These are in
essence some of the
most vital questions
that don't have some
fixed answers
   Nike's Kidd presented a video of a factory in
    Vietnam. The camera followed a Vietnamese
    inspector on his rounds, interviewing plucky,
    smiling workers, running his hands over
    gleaming production equipment, and visiting
    immaculate homes. Unfortunately for Nike,
    two days later—while the conference was
    still going on—a story appeared on the front
    page of the New York Times about
    conditions in Vietnamese Nike plants, where
    workers were being exposed to carcinogens
    at 177 times safe levels, and were being
    paid just $10 for a 65 hour workweek (far
    longer than local law allows).
   In 1898 white citizens of Wilmington,
    North Carolina, resenting African
    Americans’ involvement in local
    government and incensed by an editorial
    in an African American newspaper
    accusing white women of loose sexual
    behavior, rioted and killed dozens of
    blacks.
   British policies of divide and rule as well
    as enumeration of the population into
    rigid categories during the tenure of
    British rule in India contributed towards
    the hardening of segregation of caste
    identities.
    Jews in Europe generally were forced, by
    decree or by informal pressure, to live in
    highly segregated ghettos and shtetls.
   In 779 the Tang dynasty issued an edict
    which forced Uighurs to wear their ethnic
    dress, stopped them from marrying
    Chinese females, and banned them from
    pretending to be Chinese.
   It respects cultural differences and finds the
    business opportunities in building the skills
    of employees.
   Traditionally in the United States, CSR has
    been defined much more in terms of a
    philanphropic model. Companies make
    profits, unhindered except by fulfilling their
    duty to pay taxes. Then they donate a
    certain share of the profits to charitable
    causes. It is seen as tainting the act for the
    company to receive any benefit from the
    giving.
   A concept whereby companies decide
    voluntarily to contribute to a better
    society and a cleaner environment.
   Though India is one of the fastest
    growing economies, socio-economic
    problems like poverty, illiteracy, lack of
    healthcare etc.
   Four years ago, Reliance Industries Ltd.
    launched a countrywide initiative known
    as “Project Drishti”, to restore the eye-
    sights of visually challenged Indians from
    the economically weaker sections of the
    society. This project, started by one of
    India’s corporate giants has brightened
    up the lives of over 5000 people so far.
   As India's 'kissan' Company, ITC has
    taken care to involve farmers in the
    designing and management of the entire
    'e-Choupal' initiative.
   ITC's Agri Business Division, one of
    India's largest exporters of agricultural
    commodities, has conceived e-Choupal
    as a more efficient supply chain aimed at
    delivering value to its customers around
    the world on a sustainable basis
BUSINESS
SCAMS
ImClone Systems
founder Sam Waksal
tipped domestic diva
Martha Stewart that
the FDA would not
approve their new
cancer drug. Stewart
sold about $228,000
in stocks right before
ImClone dropped 18
percent. Although she
first claimed she was
innocent
SATYAM”S
SCAM
One of India's biggest-
ever corporate scandals
took a sensational new
turn today when the
chairman of Satyam, the
IT services giant,
admitted he had
orchestrated a $1billion
(£669 million) fraud, and
resigned
. the World Bank said
that it had blacklisted
Satyam, India's fourth-
biggest software-services
provider, for eight years,
alleging that improper
benefits had been offered
to the bank's employees.

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social ethics

  • 1. Business and society Linkage Linkage Linkage & possibilities
  • 2. Community Government Business Owners Employees Consumers
  • 3. Youth are the power of any nation, it is the time of globalization and youth is breaking all the barriers between society and old culture to create a world of togetherness.  Now youth are becoming interprenurer and in their busy hectic life schedule they are feeling the need of society.
  • 4. How a single business decision changes the course of life, how society at large benefits from business ventures, how business societies are formed due to mutual give and take relationships, how the socio-economic customs are an outcome of businesses are dealt with here.
  • 5. Social ethics  Social contrast  Corporate social responsibilities  Business scams  Social enterprises
  • 6. Current ethical issues in your society will reflect a particular community's leaning towards given circumstances. For example, the issue of head scarves - Islamic women covering their faces or their hair. As a matter of course, this is a practice that is dictated by the religion they choose to follow, but in circumstances where terrorism has the world in its grip, is it a violation of human rights to ban the wearing of burqas when the question is one of national security? Is it a political reform, against the principles of social ethics or is it curbing of freedom of choice?
  • 7. If a woman is pregnant due to unfortunate incidents like rape then is it not her right to choose abortion?  if a couple gets involved in unprotected sex without using contraceptive methods resulting in a pregnancy, what step should they take?
  • 8. And what in cases of teenage pregnancy? What if is the mother is mentally, emotionally and economically unprepared to handle the nuisances of being a mother or parent? Isn't it logically correct and more responsible on her part to go for abortion? These are in essence some of the most vital questions that don't have some fixed answers
  • 9. Nike's Kidd presented a video of a factory in Vietnam. The camera followed a Vietnamese inspector on his rounds, interviewing plucky, smiling workers, running his hands over gleaming production equipment, and visiting immaculate homes. Unfortunately for Nike, two days later—while the conference was still going on—a story appeared on the front page of the New York Times about conditions in Vietnamese Nike plants, where workers were being exposed to carcinogens at 177 times safe levels, and were being paid just $10 for a 65 hour workweek (far longer than local law allows).
  • 10. In 1898 white citizens of Wilmington, North Carolina, resenting African Americans’ involvement in local government and incensed by an editorial in an African American newspaper accusing white women of loose sexual behavior, rioted and killed dozens of blacks.
  • 11. British policies of divide and rule as well as enumeration of the population into rigid categories during the tenure of British rule in India contributed towards the hardening of segregation of caste identities.
  • 12. Jews in Europe generally were forced, by decree or by informal pressure, to live in highly segregated ghettos and shtetls.  In 779 the Tang dynasty issued an edict which forced Uighurs to wear their ethnic dress, stopped them from marrying Chinese females, and banned them from pretending to be Chinese.
  • 13. It respects cultural differences and finds the business opportunities in building the skills of employees.  Traditionally in the United States, CSR has been defined much more in terms of a philanphropic model. Companies make profits, unhindered except by fulfilling their duty to pay taxes. Then they donate a certain share of the profits to charitable causes. It is seen as tainting the act for the company to receive any benefit from the giving.
  • 14. A concept whereby companies decide voluntarily to contribute to a better society and a cleaner environment.  Though India is one of the fastest growing economies, socio-economic problems like poverty, illiteracy, lack of healthcare etc.
  • 15. Four years ago, Reliance Industries Ltd. launched a countrywide initiative known as “Project Drishti”, to restore the eye- sights of visually challenged Indians from the economically weaker sections of the society. This project, started by one of India’s corporate giants has brightened up the lives of over 5000 people so far.
  • 16. As India's 'kissan' Company, ITC has taken care to involve farmers in the designing and management of the entire 'e-Choupal' initiative.  ITC's Agri Business Division, one of India's largest exporters of agricultural commodities, has conceived e-Choupal as a more efficient supply chain aimed at delivering value to its customers around the world on a sustainable basis
  • 17. BUSINESS SCAMS ImClone Systems founder Sam Waksal tipped domestic diva Martha Stewart that the FDA would not approve their new cancer drug. Stewart sold about $228,000 in stocks right before ImClone dropped 18 percent. Although she first claimed she was innocent
  • 18. SATYAM”S SCAM One of India's biggest- ever corporate scandals took a sensational new turn today when the chairman of Satyam, the IT services giant, admitted he had orchestrated a $1billion (£669 million) fraud, and resigned . the World Bank said that it had blacklisted Satyam, India's fourth- biggest software-services provider, for eight years, alleging that improper benefits had been offered to the bank's employees.