Business like other social institutions, develops certain belief systems and va lu es fo r wh ic h th ey st an d, an d th er e be li ef s an d va lu es ar e a so ur ce of institutional drive. These values drive from a multitude source, such as the mission of business as a social institution, the nation in which business is located, the type of industry in which it is active and the nature of employees. These values become guides for employee’s decisions in the interface of business. Second, they become strong motivators for people in a business. The term public visibility refers to the extent that organizations activities are known to person outside the organization. Public visibility is different from idea of public image. The term public image refers to what people think about an organizations act, while are known.
The importance of public visibility is that it subjects business activities to public examination, discussion and judgment. These are became business is integral part of social system. It is a social organ to help accomplish the social goals. The organizational structure, the composition of board of directors, extent of pro fes sio nal iza tio n of man age men t etc, are imp ort ant fac tor s inf lue nci ng business decisions.
Oct 29, 2018 Hi Fellow MBA students I am sharing with you the ebook & lecture notes of the subject Business environment.The attached PDF file will help you in your studies for Business environment and help you clearing your semester/trimester exams with ease. MBA Courses Required Courses ACCOUNTING ACCT 5011. Financial Accounting. The Global Business Environment in the 21st Century. The book, the course is intended to provide students with “a solid understanding of the decision contexts that give rise to tax planning opportunities, how to integrate tax strategy into the bigger picture of.
Some management structures and styles delay decision making while some other facilitate quick decision making. The Board of Directors being the highest decision making body which sets the direction for the development of the organization and which oversees the perfo rmanc e of organizat ion, the quali ty of the Board is a very crit ical factor for the development and performance of company.
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UNIT I BUSINESS ETHICS: Origin-Meaning-Definition-Importance-Concepts-Theories-Need- Values and morals- Management and Ethics. UNIT II ETHICS: Evolution of Ethics and their relation to values- Norms, Morals- Nature of Ethics and Relevance to Business- Virtue theory- Utilitarianism and its Applications to Business- Rights; Justice- Profit Maximization. UNIT III CORPORATE GOVERNANCE: Issues- Need of corporate governance code- Code of Corporate Practices-Social Responsibility of Corporates- Corporate Social Reporting- Corporate Governance and the Role of Board (BOD) – Corporate Governance System Worldwide. UNIT IV ETHICS AND INDIAN BUSINESS: Impact of Globalization – Reasons for Unethical Practices among Indian Corporations – Development of Indian Capital Markets – Major Indian Scams -Reasons for Unethical practices – Various studies on Ethical Attitudes of Managers. UNIT V MARKETING ETHICS: Product Safety and Pricing – Strict Products Liability – Ethical responsibility in ProductAdvertising and Target Marketing – Ethics of Sales, Advertising and Product Placement – Consumer Autonomy. UNIT VI ETHICAL ISSUES IN HUMAN RESOURCE MANAGEMENT: Genesis and Growth of HRM – HR related Ethical issues – Institutional Culture – Financial Management and Ethical Issues -Frauds in Banks – Measures against Bank Frauds – Constraints to Ethical Practices Indian Nationalized Banks – Frauds in Insurance Sector. UNIT VII CORPORATE GOVERNANCE STRUCTURES AND PROCESSES: Directors-Committees-Institutional investors-Auditors -CSR and its significance in Business- social audit – Ethical Issues- Corruption- whistle Blowing-competition-Privacy-trade secrets- IP rights- Harassment & Discrimination UNIT VIII CORPORATE GOVERNANCE IN INDIA: Reforming BOD- Birla Committee- Naresh Chandra Committee – Narayanamurthy committee-Audit committee- Role of Media – Public Policies in Governance- Role of Government -The future scenario.