Business Environment and Ethics

BUSINESS ENVIRONMENT AND ETHICS
SYLLABUS
UNIT I
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.
UNIT II
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.
UNIT III
Globalisation of the economy - trends and issues, Politics and environment, MNCs
and Government relationships- Introduction to GATT and WTO.
UNIT IV
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 Patents Act.