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INSTITUTE OF PROFESSIONAL EDUCATION 
AND RESEARCH (IPER), BHOPAL 
ASSIGNMENT of 
Business ethics & corporate 
social respo...
ANALYSIS OF READING 
Concept of Business Ethics in India: A Study 
(Saroj Kumar, Dr. N. P. Sharma-Published in 
Internatio...
The wants are unlimited and maximization of shareholders returns are major 
concern of any corporate but business can’t co...
We welcome your valuable comments as well 
suggestions for the further improvement of the given 
Assignment. 
THANK YOU!
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Concept of Business Ethics in India: A Study

"The ethics of business is the ethics of responsibility. The business man must promise that he will not harm knowingly."
-Raymond C. Baumhart

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Concept of Business Ethics in India: A Study

  1. 1. INSTITUTE OF PROFESSIONAL EDUCATION AND RESEARCH (IPER), BHOPAL ASSIGNMENT of Business ethics & corporate social responsibility On Concept of Business Ethics in India Submitted· to- Prof. Gazal Sharma Submitted by- Gopal Krishna Sharma Manoj Mandloi Vinit khushalani Sandeep Patel MBA III sem. Sec-1
  2. 2. ANALYSIS OF READING Concept of Business Ethics in India: A Study (Saroj Kumar, Dr. N. P. Sharma-Published in International Journal of contemporary practices) "The ethics of business is the ethics of responsibility. The business man must promise that he will not harm knowingly." -Raymond C. Baumhart We hear so much about the businessmen must provide better quality of goods and serviced to their consumer at reasonable prices, pay taxes regularly, give fair wages to their workers and abide by code & conducts. The above mentioned issues are due to unethical practices by the corporate to maximize the profit earnings of their business. With the evolution of the management study and practices it was realized that the consumers, suppliers, government, society, workers are the stakeholders of the business because of the direct and indirect impact of those unethical practices on everyone. The need to make aware and educate the management students regarding the ill-effect of these practices towards the society and environment the discipline known as Business Ethics and corporate social responsibility was introduced. What is really Business Ethics? Those principles and social values that help the individual to classify, what is good and bad, right and wrong, fair and unfair, moral and immoral, proper and improper human action. The case of Bhopal Gas tragedy and many other such Industrial Accident which could have been avoided if appropriate safety and precautionary measures were taken on time. The over exploitations of the natural resources. Those promoters of the businesses in lieu of making some extra bucks. Ignore the societal and environment concerns. Why there is Need for Business Ethics?
  3. 3. The wants are unlimited and maximization of shareholders returns are major concern of any corporate but business can’t continue with unethical practices in the long runs by duping the society. The foundation laid on the false and bad code conducts will bear only weak and valueless organization. Those which recognize the society as responsibility will earn the goodwill and revenue. Corporate social responsibility The CSR, Corporate Governance mainly talks about those actions and activities under taken by the corporate houses which will ultimately benefit the society as a whole. The developmental initiatives of the nearby area like generation of employment of opportunity, establishing community school, colleges, hospitals, road, etc. to bring about the all prosperity in the area. Few examples are:  The automobile giant Mahindra &Mahindra (M&M) under the leadership Mr.Anand Mahindra in the year 1996 launched the program called “Nannhi Kali” to provide the free of cost education to girls. Till date more than 75,000 of girls have completed their education.  Microsoft Founder and Owner Mr. Bill Gates is estimated to have donated more than 60% of wealth for the welfare of the people in almost every country of the world. Initiative such as eradication of diseases like polio in India. Recently adopted a village in Bihar, India for the overall development from providing basic amenities to infrastructure. Conclusion The company bills recently passed in parliament made mandatory for the companies to make allocation of 2% Expenditure (from the three year average profit) on the CSR activities. This will enhance the Sustainable development of the nearby areas. Apart from this strict laws & regulation must be enacted and take appropriate actions against those who don’t comply with business ethics. Establishing the watch dog Authority to seek and protect the interest of small businesses and consumers.
  4. 4. We welcome your valuable comments as well suggestions for the further improvement of the given Assignment. THANK YOU!
  • nakulsanadi

    Apr. 12, 2017
  • ashutoshkumar50999

    Feb. 9, 2017

"The ethics of business is the ethics of responsibility. The business man must promise that he will not harm knowingly." -Raymond C. Baumhart

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