mba oath modified

8/2/2019 Mba Oath Modified

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MANAGEMENT ETHICS

The ethical MBA


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Contents of management studies

CURRENT CONTENTS

Specialization

Electives

Soft skills

Personality development

Internship (corporate exposure)

Encouraging out of the box thinking.

Problem solving/ Case study


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4/19

What could be better contents for

management studies

Emphasis on skills and competence rather

than theory and analysis.

Giving Voice to Values (Providing guidance

with the help of case study as to how one can

act ethically and still enhance shareholder

value with long lasting growth of the

organization)


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Can management studies impart

ethical behavior

Dan Ariely, the behavioral economist and author

ofPredictably Irrational: The Hidden Forces That Shape Our

Decisions, found in a research study that when people are

merely reminded of a moral benchmark, instances of

dishonesty and cheating are notably reduced.

During Management course one can be repeatedly imbibed

with thoughts to think and take appropriate ethical action.

Fear also has the capacity to overpower greed so awareness

of consequences made available can refrain many from being

unethical.


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Agents

1. Students

2. Professors

3. Management4. Business environment

5. Society


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Students

Harvard Business School recently hosted two white collar

criminals to share with students how a slippery slope landed

them in federal prison for fraud.

The lesson was that we "practice" making bad decisions

through daily, seemingly inconsequential, unethical choices

(adding $5 to an expense reimbursement, for example).

The felon reflected: "Through small acts, I built up a capability

for making and rationalizing unethical decisions.


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Professors

They set an example.

Students lookup to them so strict actionshould be taken against non-compliance.

Schools should keep MCQs for children at allages to tick how they would behave in aparticular scenario and teachers should

proactively spend more time with the onesunaware.

They should have an Oath too.


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Management

INDUSTRY

making syllabus

good summers

give guest lectures

give grants to colleges

COLLEGE

get great faculty,

get great students through great interviews

don't have 100% pass results make people EARN thedegrees.

give assistance to differently enabled


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Business environment

Reporting with evidence.

External Audit.

Consequence against person if guilty ofmisconduct should be clearly stated.

The buck should stop here and heads in

management should roll.


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Society

Support NGO's

Avoid bystander apathy

Support education Set examples of being ethical

System of reward and punishment


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Why so many business failures

Low involvement of ethics at every level.

Unconscious effort by people at every level.

Loss of sentiments

Crisis: character, commitment to a leaderships role.

Issue: Amount of time spent on improving thecharacter of a person.

Age(B-school age is 22-23) : people should be taught

ethics since they are born. So teaching ethics isimpossible, it has to be a conscious effort.


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What is the vision for the MBA Oath?

The MBA Oath is an important "first step" of a

long journey toward improved business

leadership. The Oath is not a silver bullet that

in and of itself will suddenly alter the courseof business. Rather, it is a catalyst to bring

serious business leaders together to engage in

the difficult work of asking how a higherethical standard can drive decision-making

how principles can drive action.


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Will a oath really help??


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It may prompt a second thought.

AWARENESS :

THOUGHT DILEMMARECALL OATH

THOUGHT ACTION (RIGHT or WRONG)

UNAWARE :

Analysis of getting caught ACTION


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mba oath modified

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