Business ethics refers to the study and application of ethical principles and moral values in the context of business activities and decision-making. It involves examining and addressing ethical dilemmas that may arise in various business situations, considering the impact of choices on stakeholders and society at large. Key Components: 1. Ethical Decision-Making: Business ethics involves …
“Business should provide Goods and Services in a manner that is sustainable and safe”. Prepare an executive summary (in your own words) to showcase how the company is delivering on this principle 2 of the National Guidelines on Responsible Business Conduct (NGRBC) from the Business Responsibility and Sustainability Report 2022-23 (BRSR) of a company of …
Distributive Justice Distributive justice is a concept within moral and political philosophy that concerns the fair distribution of resources, benefits, and burdens in a society. It addresses the question of how goods and opportunities should be distributed among individuals or groups, taking into account principles of fairness, equality, and social cooperation. There are various theories …
Quick Revision Notes for Examinations What are Values? Values are principles or standards that individuals or societies consider important, desirable, and worth adhering to. These principles guide behavior, influence decision-making, and shape the overall outlook on life. Values play a fundamental role in shaping an individual’s character, priorities, and ethical beliefs. They can also influence …
Case Study : Street Smart Street Smart was Information Technology firm founded in Mysore. The founders were two businessmen who had made a killing in the Bangalore Real Estate Business. The firm appeared to be doing well. It had campuses in most of the IT towns in India – Mysore, Bengaluru, Chennai, Hyderabad, Pune etc The …
CASE STUDY BASED QUESTION & ANSWER “Crisis-hit PTC India Financial Services gets four independent directors” says a news item on March 30, 2022 in the Hindu business line The independent directors of PTC Financial Services flagged an issue in credit sanction later resigned from the Board. The SEBI pulled up the NBFC for the action …
Meaning of Business Ethics Business ethics refers to the moral principles and values that guide the behavior and decision-making processes within the business world. It is a branch of applied ethics that deals with the ethical dilemmas and concerns that arise in the context of business activities. Here’s a more detailed explanation of the meaning …
