In order to identify the ethical problems, and prevent the risk associated with moral failure students need to develop a clear understanding of the ethical issues. The main aim of the course is to sensitize the students to different ethical issues involve in contemporary business. This course will help them to identify and resolve the ethical problems. It will also motivate them to act ethically/rationally in business decision-making as well as other areas of life. Of course, the objective of the course is neither character building, nor providing any specific solution to eradicate unethical business behavior. Rather, the primary purpose of this course is to prepare the students to prevent unethical activities that affect business (both in macro and micro level in all the functional areas). This course will also focus on the fact that acting ethically “pays.” Nevertheless, acting ethically and acting in the best interests of oneself and one’s company, far from being exclusive, are complementary. Therefore, there is every reason to act ethically. This course is devoted to the search for ethical truth in the professions through the use of critical and logical analysis. Conceptual clarity of some basic moral conduct concepts like; right, wrong, good, bad, just, unjust, obligation, responsibility, virtue, vice and moral theories will help them in taking effective decision. Thus this course will act as a useful tool for the students to become efficient managers.
Course Contents: Sessions: Session -1:General Introduction, Two origins of economics,Origin and development of management, Long term owners’ Value Session-2: (i) Fact and Value (ii) Ethical thinking? (iii) Nature of ethics, (iv) Ethical Relativism, (v) Morality and Law Session-3&4 (i)Moral Development, Kohlber’s 6 stages of moral development, Ethics and Business; (ii) Why be Moral? (ii)Why be moral in business? ,(iii)The myth of amoral business,(iv)The evolution of business ethics,(v) From stock holders to stake holders(brief focus on governance and ethics and corporate social responsibility (CSR) Session-5: Ethical Theories ;(i)Utilitarianism (J.S.Mill),(ii)Deontology (I.Kant),(iii)Virtue Theory (Aristotle) Session- 6: Theories of Economic Justice ;( i) Distributive Justice (John Rawls),(ii) Libertarian Justice (Robert Nozick) Session -7: Ethical Issues in Functional Areas of Business :( Marketing, Advertising, and Finance), (i) Characteristics of Free and Perfect Competitive market, (ii) Pricing, Monopoly and Oligopoly (iii) Fairness and Efficiency in Financial Market (Insider Trading, Green mail),(iv) Truth in advertising,: Workers Right and Duties within the Firm,(i) Whistle blowing PEDAGOGICAL METHODS: All these issues will be discussed conceptually and relevant case studies will be provided to students for critical examinations. This will help them to reflect on the ethical aspect of the problem and develop their own vision with regard to moral problems involved in business. In order to achieve this goal it is essential for students to take active part in discussions and reflect on various ethical issues. Interactive method will be adopted while delivering the lectures. Involvement of the students is necessary for a better understanding of the course. Students are encouraged to interact with the faculty through e-mail. E-mail: bibhu@ximb.ac.in VALUATION CRITERIA: Total =50marks Quizzes: There will be two quizzes (QUIZ- I and Quiz II): 20% Full Marks : 40 (weightage 20%) Number of Questions: Quiz-I 40 MCQs and Quiz-II 40 MCQs= 80 questions Evaluation: There is Negative Marking. For every wrong answer 0.25 mark will be deducted End -Term Examination: Subjective (case based) 30% Text Book:Manuel G. Velasquez, “Business Ethics: Concept and Cases”, Pearson Education 2007. Created By: Bijoy Kar on 09/23/2009 at 04:26 PM Category: PGCBM Doctype: Document