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

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. 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. 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. We welcome your valuable comments as well
suggestions for the further improvement of the given
Assignment.
THANK YOU!