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IIMB Management Review

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Full-Text Articles in Business Law, Public Responsibility, and Ethics

Ethics In Business : An Overview, Rishikesha T Krishnan Dec 2002

Ethics In Business : An Overview, Rishikesha T Krishnan

IIMB Management Review

Finding a model to ensure ethical behaviour will be as elusive as the alchemists’ quest for a way of converting base metals into gold. More so, in India where the atmosphere is far from conducive to ethical behaviour. Yet, heightened public opinion and assertion by citizens’ bodies can eliminate, corruption.


Ethics For Business : Drawing On Indian Values, S K Chakraborty Dec 2002

Ethics For Business : Drawing On Indian Values, S K Chakraborty

IIMB Management Review

Prof S K Chakraborty of the Management Centre for Human Values, IIM Calcutta, and author of the Management Ethics Omnibus, shares the essence of his enquiry into the field for over two decades. To the basic question from students and managers as to what there is in ethics for them, teachers must communicate that ethics has fundamental existential payoffs. Especially in today’s fast-paced world, where patience is no longer a virtue and ‘false gospels’ such as rank ordering and corporate gladiatorism are being embraced in toto by the Indian intellectual elite, without pausing to reflect on their own tradition and …


Whither Business Ethics Teaching In India?, R C Sekhar Dec 2002

Whither Business Ethics Teaching In India?, R C Sekhar

IIMB Management Review

In his effort to analyse the state of business ethics teaching in India, R C Sekhar, Professor Emeritus, T A Pai Management Institute and author of Ethical Choices in Businesses, begins by identifying the six different segments of stakeholders involved and their differing expectations. While conceding that it is a ‘desirable but daunting task’ to establish congruence of interest between teachers, students, Indian employers, global employers, Indian society and global society, he takes the pragmatic first step of devising a strategy of teaching ethics, which would consider the interests of teachers and students.From the salient trends in Indian teaching and …


Approaches To The Teaching Of Ethics : In Conversation With S K Chakraborty And R C Sekhar, C Manohar Reddy Dec 2002

Approaches To The Teaching Of Ethics : In Conversation With S K Chakraborty And R C Sekhar, C Manohar Reddy

IIMB Management Review

Prof S K Chakraborty of IIM Calcutta and Prof R C Sekhar of the T A Pai Management Institute, Manipal took time off from the National Workshop on Teaching Business Ethics at IIMB, to discuss their perspectives on the philosophy and methodology of teaching ethics, and on human values with Prof C Manohar Reddy and Prof Mira Bakhru of IIMB. The discussion raised several issues regarding ethics education. Can ethics be taught at all to adults? What is the proof of the efficacy of ethics education? Do the participants behave more ethically after attending ethics courses? How does the ‘individual …


Teaching Ethics : The Underpinnings, Fr K Cyriac Dec 2002

Teaching Ethics : The Underpinnings, Fr K Cyriac

IIMB Management Review

Fr Cyriac, Professor of Organisational Behaviour, IIM Kozhikode, begins by questioning whether management education as it is imparted today, is sending confusing signals to well-intentioned students. Managers certainly need an ethical framework in order to function effectively and the crucial issue in business ethics revolves around the anchor base of values. While experts in the field often take pleasure in comparing different theories and approaches, what is needed in management education and practice is an honest attempt to balance means and ends, processes and products, consumption and preservation, competition and cooperation, IQ and EQ, self and society. In this framework …


Teaching Ethics Effectively, B A Prajapati Dec 2002

Teaching Ethics Effectively, B A Prajapati

IIMB Management Review

Stating his proposition pithily, B A Prajapati, Professor and Head, S K School of Business Management, North Gujarat University, enumerates the three basic areas of managerial decision-making: choices about the law, choices about economic and social issues beyond the domain of the law – the ‘people values’, and choices between self-interest and the interests of the company/its stakeholders. Business ethics is the study of how moral norms apply to these activities and goals of commercial enterprise and how the business context poses its own unique problems for the moral person who acts as an agent of this system. Exercising power …


Business Ethics : The Mindtree Perspective, S Janakiraman Dec 2002

Business Ethics : The Mindtree Perspective, S Janakiraman

IIMB Management Review

Right at its inception, says S Janakiraman, one of the co-founders of MindTree Consulting, it was realised at MindTree that implanting ethical corporate values was absolutely essential for long-term strategic success. While their mission statement — ‘Deliver business-enabling solutions and technologies by creating partnerships with our customers in a joyous environment for our people’—is the unifying force between the business and its customers, their DNA—Imagination, Action and Joy — nurtures and aligns people, and builds the emotional and psychological ecology of the organisation. Their value statement —‘We are a Caring, Learning, Achieving, Sharing and Socially responsible organisation (CLASS)’— connotes integrity …


Business And Ethics, Narender Dhand Dec 2002

Business And Ethics, Narender Dhand

IIMB Management Review

Short cuts in earning wealth and a preoccupation with business growth to the neglect of other elements, inevitably spell grief, so believes Narender Dhand, Founder, Chairman and MD of Micromatic Grinding Technologies, a company which began as a ‘modest tool room’ and now occupies a dominant position in the Indian machine tool industry. Before dealing with ‘external’ ethics, Dhand believes in putting his own house in order. At the foundation of the core values of MGT is the commitment to ethical business practices with a people focus. The MGT culture is operationalised in their scrupulously honest dealings with the authorities, …


Business Ethics : The Indian Reality, Rajneesh Krishna, Atul Tandan Dec 2002

Business Ethics : The Indian Reality, Rajneesh Krishna, Atul Tandan

IIMB Management Review

Business ethics in an organisation originates from an interplay of its structure and culture, the compulsions of its business category and the culture of the societal system surrounding it. In India, business ethics have evolved from the origins of industry in the last quarter of the 19th century, through its consolidation during the British Raj based on the values of the European Renaissance: individualism, equality, democracy, liberalism and centrality of work. The Western industrial organisation was implanted in India, where the dominant values were holism (performance of group over individual), hierarchy and continuity. Work was not a tool to realise …


Ethics And The ‘Other’, Dipankar Gupta Dec 2002

Ethics And The ‘Other’, Dipankar Gupta

IIMB Management Review

What stops top management from embracing business ethics systems, according to Dipankar Gupta, Professor, JNU and Consultant to KPMG, is the lack of clarity on the subject. All too often, business ethics is equated with religion, spiritualism, or philanthropy. In reality, ethics is a practical approach towards attaining goals in an environment that involves other people. Every right thinking executive would like to function in an environment where norms are explicit and elaborate. The institution of norms, business principles, codes of conduct, mission and vision statements is a call to business ethics and when instituted in a dialogic process the …


Corporate Governance And Ethics, Samir K Barua Dec 2002

Corporate Governance And Ethics, Samir K Barua

IIMB Management Review

Will a model ever be found that would guarantee ethical corporate behaviour? Samir Barua, Professor, IIM Ahmedabad, traces the efforts of governments worldwide, including the setting up of the Treadway Commission (USA), the Cadbury Committee (UK), the King Committee (South Africa) and the National Task Force on Corporate Governance (India) in the last decade and a half, to ensure corporate governance. The improvements in the 90s in the accounting and reporting standards, the regulatory and supervision framework, the composition and functioning of boards and the apparent efficiency of the capital markets led to a sense of complacency that at last …


Tackling Corruption And Promoting Accountability, Jayaprakash Narayan Dec 2002

Tackling Corruption And Promoting Accountability, Jayaprakash Narayan

IIMB Management Review

Ethics in public life in India has to take cognisance of the issues of corruption, lack of transparency and accountability. Dr Jayaprakash Narayan, National Coordinator of the Lok Satta movement holds that enlightened public opinion and informed and collective citizen assertion are the basis of a successful fight against corruption. The specific strategies he suggests are: comprehensive electoral reforms to make election funding transparent and accountable, to curb criminalisation and polling irregularities, and to ensure that honesty and survival in public office are compatible; empowerment of local governments and stakeholders in a way that there are clear links between citizens’ …


Corporate Philanthropy As Business Strategy : An Indian Perspective, Laxman Mohanty, Neharika Vohra Jun 2002

Corporate Philanthropy As Business Strategy : An Indian Perspective, Laxman Mohanty, Neharika Vohra

IIMB Management Review

An article in an Indian national daily some time ago indicated that the HRD Ministry of the Government of India had approached the private sector for funds to build a National Education Fund for elementary education programmes. News items such as these raise a number of questions: Why should corporations pay for what the government is supposed to handle? Is a request for funding social projects a unique situation or a commonly occurring event? Are corporations expected to bear the cost of social infrastructure?


The Management And Ethics Omnibus By S K Chakroborty, Oxford University Press, 2001., R C Sekhar Mar 2002

The Management And Ethics Omnibus By S K Chakroborty, Oxford University Press, 2001., R C Sekhar

IIMB Management Review

No abstract provided.


Institutional Investors And Corporate Governance, Jinesh Panchali Mar 2002

Institutional Investors And Corporate Governance, Jinesh Panchali

IIMB Management Review

The challenge of promoting enterprise and accountability is common to all markets. What degree of freedom is right for corporate boards and how to make them accountable is a major concern in the realm of corporate governance. Even where market forces are expected to take care of the utilisation of available resources, there has to be a system which ensures that owners of these resources are made accountable for their use in the larger interests of the economy. This paper examines the rationale for institutional investors’1 activism in general and for the Indian capital market in particular, discusses empirical evidences …


Corporate Caregiver, Dipali Sikand Mar 2001

Corporate Caregiver, Dipali Sikand

IIMB Management Review

My career as a Human Resources manager had led me to specialising in HR in the telecom business, first with the Essar group, then with JT Mobiles and the Northern Telecom group in Singapore as a Resourcing Director. I saw that people mainly took time off during office hours to do personal jobs - small jobs like paying their bills or buying tickets. This took up a major chunk of their time and it cost the organisation. I began to realize how vital it was for companies to find new ways of retaining employees and helping them use their office …


A Clean And Transparent Market, N Balasubramanian Sep 2000

A Clean And Transparent Market, N Balasubramanian

IIMB Management Review

Patil speaks to N Balasubramanian in depth about what led to the setting up of the NSE and its phenomenal success in the very first year of its existence; about what makes this exchange not only unique but also a role model for other countries to follow. He considers the challenges and prospects ahead and chalks out his personal vision for the exchange. He describes at length the initiatives that have been taken and are proposed to establish India as an international financial centre, to enable research., to bring about a clean and transparent market, and to improve corporate governance …


Playing It Straight, Ganesh Sherman Sep 2000

Playing It Straight, Ganesh Sherman

IIMB Management Review

Part of being a good manager is being aware of the moral dimensions of one's role in the network and in the organisation. Managers can unwittingly engage in a wide range of role-related acts that are ethically questionable.


Enabling Business - Community Partnerships, Seema Gupta Jun 2000

Enabling Business - Community Partnerships, Seema Gupta

IIMB Management Review

The decade of the 1990s has perhaps seen the most profound changes in global economic structures. The effects of structural adjustment and globalisation and the emergence of the World Trade Organisation (WTO) have meant that the role of business has dramatically changed throughout the world. Statistics of the number of corporations that are larger than nation-states abound and only illustrate the importance of the corporate sector and its impact on the world order.


The Socially Responsible Corporation In India: The Value Of Leadership, Amol Karnad Jun 2000

The Socially Responsible Corporation In India: The Value Of Leadership, Amol Karnad

IIMB Management Review

No abstract provided.


Social Accounting And Reporting, Kishore S Rao Jun 2000

Social Accounting And Reporting, Kishore S Rao

IIMB Management Review

This article is based on a presentation made by Kishore Rao at IIMB. The presentation was followed by a discussion in which the participants were, Srinivas Kalburgi, Professor Emeritus, University of Regina, Canada; David Kimber, Associate Professor, School of Management, RMIT, Melbourne; Fran Siemensma, Member of the Faculty, Victoria University of Technology, Melbourne; N Balasubramanian, Visiting Faculty IIMB and Chief Editor, Management Review, and PGP students of IIMB.


Corporate Citizenship – Convergence In Corporate Governance?, Vikram Rajaram Jun 2000

Corporate Citizenship – Convergence In Corporate Governance?, Vikram Rajaram

IIMB Management Review

In an almost seamless manner good corporate governance is seen to include corporate citizenship and, through an extension of good citizenship - corporate philanthropy. Corporate India seems to have accepted the nexus between the creation of wealth and the distribution of wealth. In the same manner that recommended corporate governance practices of yesteryear have now been enshrined in statutes, it is probably a portent of things to come that what constitutes good corporate Round Table 90 citizenship today will, with the passage of time, be decreed by law.


Corporate Governance, Reputation And Competitive Credibility, N Balasubramanian, David Kimber Jun 2000

Corporate Governance, Reputation And Competitive Credibility, N Balasubramanian, David Kimber

IIMB Management Review

The decade of the 1990s has perhaps seen the most profound changes in global economic structures. The effects of structural adjustment and globalisation, and the emergence of the World Trade Organisation (WTO) have meant that the role of business has dramatically changed throughout the world. Statistics of the number of corporations that are larger than nation states abound and only illustrate the importance of the corporate sector and its impact on the world order


Privatisation In India: Concerns And Methods, Subhashish Gupta, N S Venkatesh Jun 2000

Privatisation In India: Concerns And Methods, Subhashish Gupta, N S Venkatesh

IIMB Management Review

The recent past has seen a spurt of proposals regarding privatisation. The most famous has been the Kelkar proposal, which was almost immediately countered by a proposal from the chairman of the Disinvestment Commission (DC), G V Ramakrishna, for the setting up of a National Shareholding Trust. In between, the Bombay Chamber of Commerce and Industry had come up with its own proposal regarding disinvestment. These proposals sparked off a debate regarding the privatisation process and brought into focus the issues and concerns regarding privatisation in India


An Invitation To A Side Bet, Shiv Visvanathan Mar 1999

An Invitation To A Side Bet, Shiv Visvanathan

IIMB Management Review

With the grand egalitarian dreams of the 20th century having fizzled out, the world seems marching swiftly to marko-topia. The world of the market is often confused with the world of democracy. Shiv Visvanathan, of the Centre for the Study of Developing Societies, New Delhi, hauls the modern businessman over the coals for having abdicated his larger humanistic responsibilities. The corporate world must question its notion of justice and the bankruptcy of its moral imagination and repay its debts to the environment that has sustained it.


Management And Morality: By Patrick Maclagan, New Delhi: Sage Publications,1998, R C Sekhar Mar 1999

Management And Morality: By Patrick Maclagan, New Delhi: Sage Publications,1998, R C Sekhar

IIMB Management Review

No abstract provided.


Values And Ethics For Organizations : Theory And Practice: By S K Chakraborty, Delhi : Oxford University Press, 1998, S Ambirajan Oct 1998

Values And Ethics For Organizations : Theory And Practice: By S K Chakraborty, Delhi : Oxford University Press, 1998, S Ambirajan

IIMB Management Review

No abstract provided.


Intellectual Property Rights: Canada And India, Bernard M Wolf Jul 1998

Intellectual Property Rights: Canada And India, Bernard M Wolf

IIMB Management Review

Liberalisation has seen many economies, especially in Asia, opening their hitherto sheltered domestic markets to global competition and providing greater opportunities to trade and foreign investment. The spinoffs of liberalisation bring in new implications, opportunities and challenges for the governments as well as the organisations involved. Round Table features some of the issues discussed in the conference on 'Managing Economic Liberalisation in South Asia : Directions for the 21st Century' held in Chennai, India, from August 10 -13. Selvarajah examines the realignment of economies towards globalisation as a development of regionalism. The shift in economic forces away from multilateral arrangements …


Ethical Choices In Business : By R C Sekhar, New Delhi : Response Books, 1997., Rishikesha T Krishnan Jan 1998

Ethical Choices In Business : By R C Sekhar, New Delhi : Response Books, 1997., Rishikesha T Krishnan

IIMB Management Review

Rishikesha Krishnan is Assistant Professor, Corporate Strategy & Policy, at the Indian Institute of Management Bangalore. He currently teaches the core course Business & Ethical Values in the institute’s Post Graduate Programme in Management.


Editorial, N Balasubramanian Oct 1997

Editorial, N Balasubramanian

IIMB Management Review

Compliments of the season. As we go through the 50th year of India's independence, may 1998 be the harbinger of success and well-being to the country, and indeed, to the world at large. Small and Medium Enterprises have been the engines of growth in several economies. India is no exception. SMEs help to add customer value in ways that larger organisations may not always be able to replicate. There are, of course, aberrations, as, for example, when categorisation into SMEs is dependent not upon their inherent economic competencies and capabilities, but on the need to subserve political or other societal …