BUSINESS ENVIRONMENT AND ETHICS
Objectives: To equip the students with the knowledge of emerging trends in social,
political, ethical and legal aspects affecting business decisions.
UNIT 1 :- Business environment - The concept and significance - constituents of
business environment - Business and society , Business & ethics - Social responsibility -
Environmental pollution and control. Business and culture- Business and Government -
Political system and its influence on business - Indian constitution - Directive Principles
of State Policy.
- Managing Ethics- meaning and types – framework of organizational theories
and sources – ethics across culture – factors influencing business ethics – ethical decision
making – ethical values and stakeholders- ethics and profit. Corporate Governance –
structure of Boards- reforms in Boards – compensation issues – ethical leadership.
:- Globalisation of the economy – trends and issues, Politics and environment,
MNCs and Government relationships- Introduction to GATT and WTO.
- Fiscal policy - central finances and new fiscal policy - Direct and indirect Tax
structure, VAT, MODVAT - Service Tax problems and reforms -Expenditure Tax -
Public debts &deficit financing
Unit V:- Legal environment of business – Monopolies – Company Law, Competition Act
2002. Foreign Exchange Management Act- Securities and exchange board of India Act -
Customs and Central Excise Act - Central and State sales Tax - Consumer protection Act
MBA Common Subjects