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BE X-13

PGDM-PT (2013-16 ): Term-VII
1. Course Description
Many and varied are the paths to the summit of corporate greatness. One path is that of ethical business, involving issues such as: why there is a need for ethics in business; what moral principles are available to decision markers; how does moral development take place; how do we create an ethical culture in the organization; how can corporate management excel at business ethics even in a society that is not particularly ethical; and do business ethics have a cash value for the organization. Another path is that of corporate social responsibility: why must corporations step beyond profit maximization into such altruistic activities as sustainable development, community development, equal opportunity or meeting national priorities? Is corporate social responsibility a drain on profits or can it augment profitability? This notion (i.e. Corporate Social Responsibility) is based on the philosophy that business ought to give back to society and “give back to society” is a moral percept.

The cases of Enron, WorldCom, Tyco, Adelphia, Rite Aid, Health South, Arthur Andersen, Earnest and Young, J.P Morgan, Merrill Lynch, Morgan Stanley, Xerox, Boeing corporation, the most recent case of Lehman Brothers filing for bankruptcy of the 158-year old company, and the Rs.7800/- crore fraud by the former CEO, Satyam Computer System, clearly illustrate the perilous consequences of corporate misconduct. Financial institutions globally have been suffering write-downs and credit losses as the U.S. subprime mortgage crisis has engulfed other markets. The financial greed and lust for power in the last decade of 20th century not only ruined some organizations but also injured the society at large. They have done irrevocable damages to creditors, employees, and the share holders (particularly the small investor and community). The root cause of the problem lies in the ethical -break down of the organization.

2. Student Learning Outcomes:

· Provide precise and better understanding of complex moral issues and dilemma

· Provide conceptual clarity of ethical concept, and the application of ethical theories to business

· Learn how to handle complex and tricky moral problems/dilemmas

· Relevant case studies presentation will sharpen their thought process · Build the confidence, uphold personal integrity, develop skill to become good corporate citizen and building inter-personal trust. Text Books and Reading Material: 5. Evaluation: 6. Academic Integrity Created By: Alora Kar on 05/25/2015 at 09:31 AM
Category: PT-13 T-VII Doctype: Document

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