BE EM-16

BE EM-16
1yr MBA-Executive 2016-17 T-II

BUSINESS ETHICS
EXECUTIVE MBA (2016 - 2017)
TERM-II
Credit:3
Faculty: Dr.B.P.Patra
XIM, Bhubaneswar
E-mail:bibhu@ximb.ac.in
Mob: 9438303194
0674-3983835(O)/3983869Ž

Course Outline:
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.Thus Business Ethics studies the fundamental principles and standards that should govern the business organizations.
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/- core fraud by Ramalinga Raju 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. sub prime 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.

Course Objectives:
The main aim of the course is to sensitize the students to different ethical issues involved in contemporary business. Students will learn how to maintain firm moral values while taking managerial decision. This course is devoted to instill conceptual clarity of basic moral conduct concepts like; right, wrong, good, bad, just, unjust, obligation, responsibility, and duty. The understanding of moral theories will help them to justify their action based on logical reasoning. They will achieve excellence in their professional life and will be able to understand better their obligations towards the stakeholders

Assurance of Learning (AOL):
Students will be able to:
1) Clearly understand the ethical problem involved in a situation
2) Evaluate moral problems and will be able to solve it by adopting moral point of view.
3) Show the aptitude of critical thinking

4) Understand organizational culture and its possible impacts on other stakeholders
5) Demonstrate the ability to make moral judgments in dilemmatic situations.

Session Plan

Session-1	Introduction to Business Ethics	Adam Smith to Milton Friedman	Reading: Ethics and Conduct of Business-Chapter.-1
Session-2	The Myth of Amoral Business	Are profits and ethics truly related?	Serving and Thriving in Business. [Video-The Eagle’s Secret, by: David McNeil
Session-3	Business Ethics in practice	Some affirmative cases: Case discussion by students	1. Johnson & Johnson and the Tylenol Affair, 2. Malden Mills and 3.Levis in Chaina
Session-4	Business ethics in practice	Some vicious cases: Case discussion by students	1. The rise and fall of Arthur Andersen, 2. Enron and 3. Satyam Computer (negative cases)
Session -5	Some conceptual clarifications: Nature and scope of ethics., understanding moral conduct concepts	e.g. Fact and Value, Moral and Non-Moral Value Judgment, Morality and Law
Session-6	Unstructured ethical thinking and Rational Ethical Thinking	Moral Development (Lawrence Kohlberg)
Session-7	Understanding Ethical issues, dilemmas: Yudhisthir, Draupadi, Arjun and Bhishama	Ethical insight-1 and 2 (class discussion)	Reading: Difficulty of being Good by: Gurucharan Das Video: The Mahabharata–(From Bharat Ek Khoj Discovery of India, by:Jawaharlal Neheru
Session-8&9	An overview of mainstream Ethical Theories and their Application	Values and Principles: Guide to Human action	The Man in the Glass By: Dale Wimbro
Session—Cont….	An overview of mainstream ethical theories and their application	Practical rationality: Deontology, Immanuel Kant [ ET-1] The Principle of Utility Teleology, J.Bentham and J.S.Mill[ET-2] The foundation of human character :Virtue Theory, Aristotle[ET-3]	Ethical insight-3 Ethical insight-4 Video-Character is Destiny
Session-10	Individual Vs. Group Ethics.	Introductory Case:The Parable of the Sadhu	Case discussion by students
Session-11	Business within the market economy: Justice and the Market System	Free and Perfect market, fare competition and Market regulations,	Ethics in practice: Case: 1.Marketing Infant Food Formula in LDCS Case:2.ToyWars (Danner’s dilemma)
Session-12&13	Frequent Ethical Violations in Business: Morality of bribery and extortion	Business contracts, misappropriation and fraud; Conflicts of interest	Case:1-2G Spectrum Scam; 2-HLL Insider Trading,3-Ford and Firestone
Session-14&15	Individual right and duty inside the firm: Responsibility, accountability and reliability	Judgments in Business (Clear conscience key to one’s moral strength). Whistle blowing	Cases: Cynthia F. Cooper(WorldCom),Satyenda Duby and S. Manjunath, Case: Why Good Managers Make Bad Ethical Choices? [Three cases: Manville Corporation, Continental Illinois Bank and E.F.Hutton
Session-16&17	HBR Article -Presentatopns	The firm as a community of persons: Moral character in leadership, Obligations to Society (CSR issues) , fostering the idea of sustainability and respect for human	Insight from HBR Article Wisdom from leading organizations
Session-18& 19	Assignment presentations	Group assignments
Session-20	Review and discussion

Created By: Alora Kar on 07/14/2016 at 09:58 AM
Category: MBA(Exe.)16-T-II Doctype: Document

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