Indian Ethos and Business Ethics

Syllabus

 MB 105: INDIAN ETHOS AND BUSINESS ETHICS

Module - I                                                                                                                     

1) History & Relevance: Principles, practiced by Indian Companies; Role of Indian Ethos (Management lessons from Vedas, Mahabharata, Bible, Quran, Arthashastra,) Indian Heritage in Business. Ethics Vs Ethos, Indian Vs Western Management; Work ethos and values for Indian Managers.                                                           

2) Relevance of Value-based Management in Global change: impact of Values on stake holders; Trans-cultural human values; Secular - Vs Spiritual values; value system in work culture.                                 

3)Stress Management, - meditation for mental health, yoga.                                                            

4)Contemporary Approaches to Leadership: Joint Hindu Family business; Leadership qualities of Karta.          

5) Indian systems of learning: Gurukul system of learning, advantages – disadvantages of Karma, Importance of Karma to managers , Nishkama Karma- laws of Karma ; Law of creation- Law of humility- Law of growth – Law of Responsibility- Law of connection – Corporate Karma Leadership.                                   

Module - II                                                                                                                      

1)Understanding Business Ethics: Ethical Values, Myths and Ambiguity, Ethical Codes, Ethical Principles in Business; Theories of Ethics, Absolutism vs. Relativism.                                                                               

2) Approaches to Business Ethics: Teleological Approach, The Deontological Approach, Kohlberg’s Six Stages of Moral Development (CMD).                                                                                                              

3)Managing Ethical Dilemma: Characteristics, Ethical Decision Making, Ethical Reasoning, The Dilemma Resolution Process; Ethical Dilemmas In Different Business Areas Of Finance, Marketing, HRM and International Business.    

4) Ethical Culture in Organizations: Developing Code of Culture in Organization, Ethical and Value-Based Leadership. Role of Scriptures in Understanding Ethics, Ethics in Business, Strategies of Organizational Culture Building, Ethical Indian Wisdom and Indian Approaches towards Business Ethics.