Business Ethics

Explore ethical principles, corporate governance, and stress management strategies essential for thriving in the hospitality and business sectors.

Business Ethics

1 Introduction

  1. Concepts, sources, and importance of ethics
  2. Ethical principles and relevance in hospitality and related business
  3. Moral development (Kohlberg’s 6 stages of moral development, myth of amoral business)
  4. Theory and practices of holistic management and its relevance
  5. Normative theories: Gandhian approach, Kant’s deontological theory, Mill & Bentham’s utilitarianism

2 Business and Organizational Ethics

  1. Types of business ethics
  2. Factors affecting business ethics
  3. Need of business ethics
  4. Ethics vs. morals and values
  5. Indian values in management – secular and spiritual values
  6. Lessons from ancient Indian educational system
  7. The Indian business scene, ethical concerns, LPG & global trends in business ethics
  8. Corporate code of ethics: formulating, advantages, implementation
  9. Professionalism and professional ethics code
  10. Growth of global companies and impact of globalization on Indian corporate and social culture
  11. International codes of business conduct

3 Corporate Governance

  1. Corporate ethics & governance – An overview
  2. Origin and development of corporate governance
  3. Theories underlying corporate governance (Agency theory, Stakeholder’s theory, and Stewardship theory)
  4. Corporate governance mechanisms: Indian model, Anglo-American model, Japanese model, OECD principles
  5. Impact of corporate governance on sustainability
  6. Distributive justice
  7. Corporate social responsibility (CSR)
  8. Role of Board of Directors and Board Structure
  9. Role of Non-executive Directors
  10. Role of auditors
  11. CII Report, Cadbury Committee

4 Stress Management, Work & Life Balance

  1. Stress, Distress
  2. Indian Perspective of Stress Management
  3. Coping with Stress
  4. Reasons for stress at workplace
  5. Time Management
  6. Ethics at work
  7. Living with values
  8. Standing up for the value system

5 Ethics in Management

  1. Introduction
  2. Ethics in HRM
  3. Ethical aspects of Financial Management
  4. Marketing Ethics
  5. Technology Ethics and Professional Modern Ethics
  6. Building and maintaining ethical climate in business
  7. Role of ethical leadership
  8. Contemporary issues in business, related to ethics