Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/25264
Full metadata record
DC FieldValueLanguage
dc.contributor.authorSeshadri D.V.R.
dc.contributor.authorRaghavan A.
dc.contributor.authorHegde S.
dc.date.accessioned2022-02-11T10:14:24Z-
dc.date.available2022-02-11T10:14:24Z-
dc.date.issued2007
dc.identifier.citationSeshadri, D. V. R., Raghavan, A., & Hegde, S. (2007). Business ethics: The next frontier for globalizing Indian companies. Vikalpa, 32(3). https://doi.org/10.1177/0256090920070305
dc.identifier.issn2560909
dc.identifier.urihttps://www.doi.org/10.1177/0256090920070305
dc.identifier.urihttp://hdl.handle.net/11718/25264-
dc.description.abstractNowhere is the fast changing nature of the global business landscape more perceptible than on the ethics front. With a spate of recent unethical behaviours by large corporations in the Western world, especially in USA, their societies have become intolerant to businesses that manifest unethical behaviour. Legal and regulatory frameworks in these countries have been swift to respond through stringent laws such as the Sarbanes Oxley Corporate Reform Act. Consequently, most businesses based in these countries have become extremely risk averse on the ethics front. Few of them would like to have anything to do with any unethical company in any part of the world. This changed mindset has significant ramifications for Indian companies that have global aspirations. No Indian company that hopes to globalize in any manner can afford to ignore these changes sweeping the global business arena on the ethics front. Business ethics encompasses much more than mere compliance with laws and regulations. It is about every individual in the organization acting ethically, about creating an ethically sound working environment within the organization and about modeling ethical behaviour by leadership at all levels. Research suggests that it makes good long-term business sense to be ethical. For a company's ethics policy to be successfully implemented, it is essential that: ? The code of ethics is clearly communicated to employees. ? Employees are formally trained in it. ? They are told how to deal with ethical challenges. ? The code is implemented strongly. ? The code is contemporary. ? The company leadership adheres to the highest ethical standards. When an employee gets no clear answers from the organization while dealing with decisions that have inherent ethical dilemmas, he tends to chart his own course of action by drawing on his intuition, conviction, and beliefs, and assessing the pressures of the situation at hand, putting the organization at considerable risk. Globalizing Indian companies essentially have two options. One is to sit back and wait for the tightening of regulatory and societal screws on them, forcing them into ethical behaviour in a reactive mode. The other approach is for them to proactively herald the new era of business ethics by becoming torch bearers of the new order of things. It is in the organization's self-interest to take a proactive posture on the ethics issue, and be well-prepared for the shape of things to come. We also show how this can be done and what challenges must be addressed for success on this journey. � 2007, SAGE Publications Ltd. All rights reserved.
dc.description.sponsorshipIndian Institute of Management Bangalore,營IMB
dc.language.isoen_US
dc.publisherSAGE Publications Ltd
dc.relation.ispartofVikalpa
dc.subjectBusiness ethics
dc.subjectCorporate social responsibility
dc.subjectGlobalizing Indian companies
dc.subjectLeadership
dc.titleBusiness ethics: The next frontier for globalizing Indian companies
dc.typeArticle
dc.rights.licenseCC BY-NC, CC BY
dc.contributor.affiliationIndian Institute of Management (IIM), Bangalore, India
dc.contributor.affiliationIndian Institute of Management (IIM), Ahmedabad, India
dc.contributor.affiliationSundram Fasteners Limited, Bangalore, India
dc.contributor.institutionauthorSeshadri, D.V.R., Indian Institute of Management (IIM), Bangalore, India, Indian Institute of Management (IIM), Ahmedabad, India
dc.contributor.institutionauthorRaghavan, A., Sundram Fasteners Limited, Bangalore, India
dc.contributor.institutionauthorHegde, S., Indian Institute of Management (IIM), Bangalore, India
dc.description.scopusid8343425300
dc.description.scopusid57195104595
dc.description.scopusid57195100656
dc.identifier.doi10.1177/0256090920070305
dc.identifier.endpage79
dc.identifier.startpage61
dc.identifier.issue3
dc.identifier.volume32
Appears in Collections:Open Access Journal Articles

Files in This Item:
File SizeFormat 
business_ethics_the_2007.pdf159.25 kBAdobe PDFView/Open


Items in IIMA Institutional Repository are protected by copyright, with all rights reserved, unless otherwise indicated.