Business Environment and Ethics MBA Second Year (General) Paper No 2.4 School of Distance Education Bharathiar University, Coimbatore - 641 046 Author: Vivek Mittal Copyright © 2008, Bharathiar University All Rights Reserved Produced and Printed by EXCEL BOOKS PRIVATE LIMITED A-45, Naraina, Phase-I, New Delhi-110028 for SCHOOL OF DISTANCE EDUCATION Bharathiar University Coimbatore-641046 CONTENTS Page No UNIT I Lesson Business Environment: The Concept Lesson Social Responsibility of Business 22 Lesson Socio-culture Environment 30 Lesson Political and Government Environment 42 Lesson Constitution and its Role in Business 50 UNIT II Lesson Ethics 63 Lesson Corporate Governance 74 UNIT III Lesson Globalisation 91 Lesson Multinational Corporations 101 Lesson 10 World Trade Organisation 121 UNIT IV Lesson 11 Fiscal Policy 139 Lesson 12 Value Added Tax, Service Tax and Expenditure Tax 157 UNIT V Lesson 13 Company Law 175 Lesson 14 Competition Bill, 2001 196 Lesson 15 Foreign Exchange Management Act 203 Lesson 16 Consumer Protection 213 Lesson 17 Intellectual Property Rights (Patents) 227 Lesson 18 Stock Exchange and SEBI 237 Lesson 19 Excise, Customs and Sales Tax 245 Model Question Paper 253 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 ... business environment - Business and society , Business & ethics - Social responsibility Environmental pollution and control Business and culture- Business and Government - Political system and its... Stock Exchange and SEBI 237 Lesson 19 Excise, Customs and Sales Tax 245 Model Question Paper 253 BUSINESS ENVIRONMENT AND ETHICS SYLLABUS UNIT I Business environment - The concept and significance... 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