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C E G - PPT1.pptx

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The Environment of Management
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C E G - PPT1.pptx

  1. 1. CONCEPT – CORPORATE ETHICS • Implementing Buisniness Policy • Business Process • Arguably Controversial Subject ISSUE – CORPORATE ETHICS • Corporate governance • Bribery • Discrimination • Social Responsibility FUNDAMENTAL PRINCIPLES OF ETHICS • Beneficence • Non malevolence • Autonomy • Justice
  2. 2. 7 BUSINESS ETHICS • Accountability Care and Respect Honesty • Respect of Rule of Law Healthy Competition Loyalty • Transparency Good and Bad practice Business Culture • Establishing Rules and Regulations 12 ETHICAL PRINCIPLES Loyalty Fairness Honesty Integrity Promise keeping abiding Commitment to Excellence Leadership Reputation & Moral Accountability WHY CORPORATES ETHICS ARE IMPORTANT Goodwill Prevention of Malpractice Low Risk and Costs Attract Investment Attrac5 Talent LEVEL OF ETHICS MICRO - National and international, Society, Relative Virtue off different political / social systems, International Relations and Scale
  3. 3. CORPORATE LEVEL- CSR, ISSUE individual entities ( Private and Public Sector ), Formulating and Implanting Strategy. INDIVIDUAL LEVEL – Behaviour and action of individual & organisation RESPONSIBILITY OF STAKEHOLDER IntCORPORATE LEVELernal Stakeholders – Employee, shareholders, contract workers. External Stakeholers - Customers, Suppliers, Government, Distribution Channel, Consultants. INTEREST AND INFLUENCE OF STAKEHOLDERS Influence : Decision Making ( long term ), Organisation Aims,Organisation Objectives, Operational Issue, Sales Strategy, Cost and Frofits Interest: Divident Returns and Running Business, Iincome, Respect, Experience status and power, Non Executive Directors, All above bu tgg limited power to Top Management, middle Management and worker.
  4. 4. BOTTOM OF PYRAMID – Selling to the BoPcan be very ethical business practice.Ethical issue push product that do not improve lives but basic need. Basic Need : Poverty Reduction, Improved Consumption, Aspirations and Capabilities, Enhanced Well being, Small unit package, Low margin Per Unit, High Volume, Low Return on Capital. ISSUE – BoP- Profit – Solving the Need of low income consumer, Company Mission, Optimistic, Market Challenges, Demand & Supply.
  5. 5. OBSTACLES- Low Margin ( Revenue), More Complex Supply Network, Critical Distribution Channel,Roads, High Cost, Profit is very critical SOLUTION FOR THIS SITUATION IS SCALE & VOLUME IN SALES CHALLENGES – Changing Consumer Behaviour and Products are designed and delivered accordingly, Markets are widely spread with low density, Low innovative Capabilities, Time involved is high OPPORTUNITIES – Unmeets Needs, Price Sensitive, Consumers are Valus Conscious, Brand Conscious, Scope for new improved distribution Channels, Innovative 4’s, Best cost effective TECHNOLOGY.

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