PRESENTATION ON APPLICABILITY

OF INDIAN ETHICS AND VALUES IN

CURRENT BUSINESS SCENERIO
PRESENTED BY -VIPUL SAH
KIRAN BHATT

PRESENTED TO -MRS PRATIBHA PANT

MR ROHIT CHATURVEDI
ETHICS..
• Ethics is a system of moral principles, rules and
conduction.

• It is discipline dealing with what is good & bad and

with moral duty and obligation.

• _x0000__x0000_The concept of business ethics

evolved in 1960,
• since then the commercial organization started to
follow their own ethical standards._x0000_
 Continued
Business
ethics has many aspects such as
morals, values, vision, strategy,
leadership and ethical dilemmas.

_x0000_

_x0000_
 VALUES..
Values are important in human conduct.

It shapes beliefs, beliefs leads to

perception, perception take to
making his attitude.

Value is commonly used to all things which

people regard as good, desirable and
must.

Human values refer to orientation towards what is

considered desirable or preferable by
people living in society. _x0000_ _x0000__x0000__x0000_
IMPORTANCE OF BUSINESS
ETHICS
•_x0000_It creates goodwill and reputation.

•_x0000_It plays a major role in prevention

of fraud.

_x0000__x0000_• It reduces risks and costs.

_x0000__x0000_
 CONTINUED..
• It creates strong competitive advantage.

_x0000_• It attracts more capital and foreign investment.

_x0000_• It attracts more employees and enable the

company to get the most talented employees.•

_x0000_• It reduces stress for corporate managers and

other employees._x0000_
WORLDS MOST ETHICAL
COMPANIES TILL 2014
INDIAN BUSINESS SCENERIO IN
2011-12
There are so many examples of ethical practices
in India i.e. Tata, Wipro, Godrej, Bajaj, Kumar,Mangalam Birla, Infosys, Thermax, HDFC
etc.

Many companies are working in the areas such as

welfare schemes for the rural people, educational
facilities and health care services for rural people,
environment protection etc.
Till year 2011 the
scenario was very poor. Not a single company was
listed in world’s most ethical companies.
 INDIAN BUSINESS
SCENERIO AT PRESENT
TIME
At present time two Indian companies Wipro and
Tata has managed themselves to list in worlds
most ethical companies.
 Tata Steel Limited is a multinational steel company
headquartered in Mumbai, and subsidiary of Tata
Group. It is the 10th-largest steel producing company
in the world, with an annual crude steel capacity of
23.5 million tonnes, and the largest private-sector
steel company in India measured by domestic
production.
 Wipro Limited is an India-based information
technology, consulting and business process services
company headquartered in Bengaluru, India

Azim Premji, Chairman of WIPRO technologies.

Worlds 1st IT services company to use six sigma.