Work Ethics in Indian
Traditional Business Houses
Research Proposal of
Business Environment
Submitted to: Submitted by:
Dr. Manoj Mishra Soumya Sinha
Faculty for Business Environment Roll – 1652
Semester- IV
Batch – 2016-2021
CHANAKYA NATIONAL LAW UNIVERSITY, PATNA
INTRODUCTION:
Ethics is a branch of Philosophy that deals with moral values.
Business ethics refers to the moral principles which are considered
right by the society, and so, should govern and guide the activities of a
business. But in reality they are the moral principles and rules of
conduct, which should guide the activities of a business. The thought
of business ethics generally arises when the social values lay down the
norms of behavior for the business. A businessman has to do business
keeping the welfare of the society and also follow certain ethics.
Hence, there is a need to study business ethics which contemplates the
significance of good and evil, right and wrong, and just and unjust
actions of businessmen. There are a number of different ways in
which ethics could influence performance of business, which in turn
can influence at various levels in the complex society. Ethical or
unethical behavior of businessmen can have an impact on the
investors and their capability to invest in their businesses. The
objective of this paper is to focus on the ethical role of businessmen
and their influences on the society in the present business scenario.
The discussion is presented in three sections: (i) The need for business
ethics in India; (ii) Application of ethics to business; (iii) The concept
of business social responsibility. The concluding observation is that it
is only because of application of ethics in business and the increasing
need of accountability of the businessmen to the society, that
businesses are able to work in better environment.
Business ethics refers to the moral principles which are considered
right by the society, and so, should govern and guide the activities of a
business. They are the moral principles and rules of conduct which
should guide the activities of a business. Business ethics are derived
from social values. They lay down the norms of behavior for the
business. In short, business ethics is the study of good and evil, right
and wrong, and just and unjust actions of businessmen. In the past, it
was assumed in most companies that ethics was a matter of individual
conscience. Today, many companies are using managerial techniques
that are designed to encourage ethical behaviors. Every organization
should have a culture that it exercises, so that, it can influence the
employees to follow the same. Employees pick up subtle hints and
clues that tell them what behavior is approved and what is forbidden.
Therefore, a company culture is a blend of ideas, customer traditional
practices, company values and shared meanings that help define
normal behavior of everyone who works in a company.
RESEARCH METHODOLOGY:
For this research, doctrinal method will be used. Research books,
library sources, various magazines and Internet sources will be used
extensively. The method of writing used in this project is primarily
analytical.
OBJECTIVES OF STUDY:
The objectives of this study are to study the need for business ethics in
India; and to explore the application of ethics to business in Indian
business houses.
TENTATIVE CHAPTERISATION:
1. Introduction
2. Need for Business ethics in India
3. Application of ethics to Business in India
4. Concept of Business Social Responsibility in India
5. Findings & Suggestions
6. Conclusion
BIBLIOGRAPHY:
Ø Indian Culture and Work Organisations in Transition by Ashish
Malik & Vijay Pereira
Ø Managing People at Work: Employment Relations in Globalizing
India by Subesh Das
Ø Business Ethics: An Indian Perspective by A.C. Fernando
