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The document provides comprehensive notes on Indian Ethos and Business Ethics for MBA Semester 4, outlining key concepts, principles, and applications relevant to management. It emphasizes the importance of integrating Indian cultural values such as truth, non-violence, and duty into business practices to enhance ethical decision-making and organizational integrity. Additionally, it covers corporate governance and social responsibility, highlighting the significance of ethical behavior in maintaining stakeholder trust and achieving sustainable success.

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13 views

IEBE NOTES another

The document provides comprehensive notes on Indian Ethos and Business Ethics for MBA Semester 4, outlining key concepts, principles, and applications relevant to management. It emphasizes the importance of integrating Indian cultural values such as truth, non-violence, and duty into business practices to enhance ethical decision-making and organizational integrity. Additionally, it covers corporate governance and social responsibility, highlighting the significance of ethical behavior in maintaining stakeholder trust and achieving sustainable success.

Uploaded by

shubhamwakhare2525
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© © All Rights Reserved
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IEBE NOTES

Here are unit-wise, simplified and exam-oriented notes for the subject Indian Ethos and Business Ethics
(MBA Semester 4 – SPPU, Course Code: 402 – GC – 15). These are designed to be easy to remember, include
key definitions, points, and examples, and are aligned with your syllabus:

🧭 Unit 1: Indian Ethos – Need, Purpose & Relevance


✅ Meaning of Indian Ethos
Ethos = Character or spirit of a culture.
Indian Ethos = Indian cultural values, wisdom, and principles applied to modern management.

✅ Need & Purpose


Builds integrity and trust in organizations.
Improves moral decision-making.
Provides holistic growth and harmony in the workplace.

✅ Core Principles of Indian Ethos:


1. Truth (Satya) – Honest communication.
2. Righteousness (Dharma) – Doing duty sincerely.
3. Non-violence (Ahimsa) – Respect for all.
4. Selflessness (Seva) – Service-oriented leadership.
5. Karma – Focus on effort, not reward.
6. Welfare (Lok Sangraha) – Public good over personal gain.

✅ Relevance in Management
Employee satisfaction and retention.
Ethical decision-making.
Sustainable business practices.

🌟 Unit 2: Indian Ethos in Management


✅ Elements of Indian Ethos in Business
Human Values – Respect, compassion, empathy.
Value System – Integrity, fairness, loyalty.
Spirituality in Work – Work is worship.
Team Spirit – “Vasudhaiva Kutumbakam” (The world is one family).
Self-Management – Self-discipline, control over desires.

✅ Indian Ethos vs. Western Management


Indian Management Western Management
Values-based Profit-based
Duty-oriented Right-oriented
Long-term focus Short-term gains

⚖️ Unit 3: Ethics and Ethical Theories


✅ Meaning of Ethics
Moral principles guiding human conduct.
"What is right and what is wrong."

✅ Types of Ethics
1. Personal Ethics – Individual values and beliefs.
2. Professional Ethics – Code of conduct in profession.
3. Corporate Ethics – Rules followed by companies.

✅ Major Ethical Theories


1. Utilitarianism – Maximize happiness.
2. Deontology – Duty-based ethics.
3. Virtue Ethics – Based on moral character.
4. Rights Theory – Respect human rights.
5. Justice Theory – Fairness and equality.

🏢 Unit 4: Business Ethics


✅ Definition
Application of ethical values in business behavior.

✅ Importance
Builds company reputation.
Avoids legal issues.
Improves stakeholder trust.

✅ Principles of Business Ethics


1. Integrity – Be honest and consistent.
2. Transparency – Open communication.
3. Accountability – Take responsibility.
4. Fairness – Equal treatment to all.
5. Respect – For employees and customers.

📜 Unit 5: Corporate Governance & CSR


✅ Corporate Governance
System by which companies are directed and controlled.
Includes board practices, control systems, shareholder rights.

✅ Key Principles:
1. Transparency
2. Accountability
3. Fairness
4. Responsibility

✅ Corporate Social Responsibility (CSR)


Companies’ responsibility towards society and environment.
Mandatory under Section 135 of the Companies Act (India).
✅ CSR Activities Include:
Promoting education
Environmental sustainability
Gender equality
Rural development

📚 Bonus: Keywords for Exam Success


Ethos – Cultural ethics
Karma Yoga – Work without expecting rewards
Dharma – Duty/righteousness
Ahimsa – Non-violence
Seva – Selfless service
Stakeholder theory – All affected parties should be considered
Whistleblower – One who reports unethical practices

Here’s a summarized version of notes based on the transcript for Indian Ethos and Business Ethics:

Indian Ethos and Business Ethics

Introduction

The session focuses on the significance of ethics and ethos in business, particularly within the Indian
context.
Ethics are moral principles essential for maintaining business integrity and performance.
Indian ethos refers to culturally specific values that guide personal and professional actions.

Key Concepts

1. Ethics vs Ethos
Ethics: Universal principles applied globally, such as truth, non-violence, honesty, etc.
Ethos: Culturally specific values that vary by country, influenced by history, religion, and
philosophy.
2. Indian Ethos
Derived from Indian culture, history, religion, and philosophy.
Key values include:
Truth (Satya)
Non-violence (Ahimsa)
Devotion (Bhakti)
Kindness
Honesty
Loyalty
3. Importance of Ethics in Business
Ethics are essential for guiding businesses to perform with integrity.
Ethical practices help businesses maintain credibility, build trust, and achieve sustainable success.
4. Cultural Influence on Ethics
Indian ethos is shaped by the country's historical background, philosophy, religion, and cultural
practices.
Values like karma, dharma, and tolerance are integrated into business ethics.
5. Application in Professions
Ethical behavior is crucial in professional fields like medicine. For example, doctors must provide
ethical treatment to ensure no harm to patients.
Values learned from Indian culture and ethos guide professionals in their responsibilities and duties.
6. Core Values in Indian Ethos
Karma: The principle of action and its consequences.
Dharma: The duty or moral responsibility of individuals in society.
Hospitality: Treating others with respect and care.
Tolerance: Embracing diversity and respecting differing opinions.
Self-service: Serving others with integrity and commitment.
7. Integration in Business
These values should be integrated into business practices for holistic success.
Emphasizes respect, honesty, kindness, and a sense of moral responsibility in the workplace.

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