Values & Ethics of Profession & Business
About this eBook
Preface to the 2nd Edition
1990s is called the Three E decade with the three Es standing for Economy, Environment and Ethics. Population explosion, fast pace of industrialisation and large disparity in the per capital income in India are some of the causes for the degradation in value systems and ethical moral standards. The fast pace of economic development has also given rise to a dark phase consisting of environmental pollution and erosion of values and ethics. Degradation in value and ethics has resulted in corruption in all walks of life in India. India has witnessed a number of scandals since the independence. Starting with the Jeep scandals in 1948 and the HG Mudgal case in 1950, a series of scandals like The Mundhra deal, the Pratap Singh Kairon s misadventure in 1964, imposition of Emergency in 1977, the money raising exercise for the party during Indira Gandhi s period, the HDW deal with Germany for submarines in 1981, the Bofors sandal in 1987, the Harshad Mehta s scam of 1992, Jain Hawala case in 1995 and the Ketan Parekh s stock market and the UTI scandal at the end of the last century. The Telgi Stamp Scandal, The Godhra train carnage and the subsequent worst communal riot in Gujarat in the new millennium including Satyam Computer scandal in 2008 and Telecom 2G scandal in 2010 are just some glaring examples of degeneration of values and unethical practices in society, public and high places in political field. Dr. S. Radhakrishnan, the noted philosopher and the former President of India had said, Unless we destroy corruption in high places, root out every trace of nepotism, greed for power, profiteering and black marketing which have spoiled the good name of the country in recent times, we will not be able to raise the standards of efficiency in administration as well as production and distribution of goods of life. One of the unofficial estimates of IMF stated that the Indians have stashed away at least hundred billion dollars in foreign banks, who have supplied the name and such account holders to Government of India recently. It is indeed a matter of shame that the Transparency International has ranked India as one of the ten most corrupt countries in the world. In the above backdrop, the endevaours of the UGC and AICTE in introducing one full paper each on Value and Ethics of Profession for BCA and MCA Engineering Courses and Values and Ethics in Business for MBA curriculum are timely and praiseworthy. The book also contains the syllabus of Value and Ethics of UP Technical University. In fact, many universities abroad had made it mandatory the study of Values and Ethics in the Undergraduate and Postgraduate studies since 1970. This Second Edition of the book, has been improved in contents and is recommended for BCA, MCA and Engg. courses and that for MBA.
This book covers the entire syllabi for BCA, MCA and Engg. courses including that for MBA for all Indian Universities including W.B. Technical University and U.P. Technical University. The students in Management, Computer Application Engg. courses will find the book very useful are friendly since it is written in simple language and style and with large number of examples. The book contains nineteen chapters. Most chapters deal with Values and Ethics for both profession and business. Some chapters specifically deal with important topics of current interest as on the following Features of Values and attitudes including social changes necessary for the effective national integration. Ethical issues relating to Corporate and Political governance recommending measures for improving interrelationship between the Governments at the centre and the state. Ethical codes on social responsibilities of management and business. The United Nation s Global Compact including its salient principles. Macro economic theories on Utilitarianism and principles of distributive justice. Views of great personalities like Swami Viveknanda, Mahatma Gandhi, Sri Aurobindo and Rabindranath Tagore on Values and Ethics. Current state of environmental pollution and measure to minimise the same.