12MBA21 - BUSINESS, GOVERNMENT AND SOCIETY

Dr. S.Hanuman Kennedy & Prof. Aiswarya S

IA Marks: 50 No. of Lecture Hrs/week: 04
Exam Hrs.: 03 Hours Total No. of Lecture Hrs.: 60
Exam Marks: 100 Practical Component: 01 Hr/ Week

Theme of the Subject:

The course overviews the economic, legal, social, and ecological responsibilities of
business and their implications for managerial decision-making.
The primary theoretical perspective taken is the stakeholder view of the firm which
allows for close examination of apparently conflicting goals between different
stakeholders' interests. Related frameworks and applications discussed in this course
include corporate social responsibility, globalization, corporate governance, and public
policy measures affecting business.
The frameworks and issues discussed are critical to understanding how firms can be
both financially successful and valuable to society, a concern which is increasingly
influencing managerial decision-making.


Objectives:

1) Explain the main forces determining the relationships between business,
government, and society.
2) Articulate principles governing corporate social responsibility.
3) Illustrate and evaluate major trade-offs between the shareholder view and the
stakeholder view of the firm.
4) Analyze a number of topical fields surrounding todays businesses, including
the environment, and technological change.
5) Evaluate corporate governance mechanisms and how they are related to
different sets of stakeholders.



Outcome:

1) Awareness on topical fields surrounding todays businesses, including the
environment, and technological change.

2) Knowledge on major trade-offs between the shareholder view and the
stakeholder view of the firm.

3) Awareness on what corporate social responsibility is and how corporate
do it.

4) Understand how the judicial system works and how business, Government
and Society work for each other and how they are integrated.







Lesson Plan:


Module

Hours

Syllabus Covered

Activity

Duration
(in Mins.)

Text
Book


The Study of Business, Government and Society (BGS)


















I
(4 Hours)





1

Sharing of Expectations about
the course

Interaction with
students


Case discussion
on ENRON
Bankruptcy and
Ethics in
Business



20 mins





T1

Opening Case- ENRON &
Ethics in Business


20 mins


Overview of the subject BGS
Importance of BGS to
Managers
Models of BGS Relationships

20 mins
Break 05 mins


2

Market Capitalism Model

20 mins




T1

Dominance Model

25 mins

Clarification of Doubts

05 mins

Summarize the lecture

05 mins




3

Re-cap of the pervious lecture


Presentation by
2 students on
Newspaper
Clipping

10 mins


T1 Student Presentation on
Current Topics

25 mins
Countervailing Forces Model
and Stakeholder Model

20 mins
Break 05 mins

4

Global Perspective


25 mins



Historical Perspective

20 mins

T1

Q & A Clarification of Doubts

10 mins

Summarize the lecture

05 mins


The Dynamic Environment















II
(4 Hours)






5

Re-cap of Module 1





20 mins



T1 Opening Case on Environment

20 mins
Historical Forces changing the
Business Environment

15 mins
Break 05 mins






6

Student Presentation on
Current Topics

Presentation by
2 students on
Newspaper
Clipping


20 mins



T1
Key environments of Business

15 mins

Power dimensions of Business

15 mins

Summarize the lecture

10 mins



7

Re-cap of the pervious lecture


Q & A

10 mins


T1 Q & A on Dynamic Business
Environment

20 mins
Theoretical Perspective 25 mins
Break 05 mins



8

Student Presentation on
Current Topics


Presentation by
2 students on
Newspaper
Clipping

25 mins



T1
Sociological Perspective

25 mins

Summarize the lecture

10 mins


Corporate Governance













9

Re-cap of Module 2


10 mins


T2 Opening Case on Corporate
Governance

20 mins

Introduction & Definition

15 mins






























III
(8 Hours)








Market Model and Control
Model
15 mins
Break 05 mins




10



OECD on Corporate
Governance
Presentation by
2 students on
Corporate
Governance
(Book Chapter
Review +
Journal Article
Review)

15 mins



T2 Student Presentation on
Related Book Chapter OR
Article Review

30 mins

Summarize the lecture

10 mins





11

Re-cap of the pervious
lecture






10 mins


T2

A Historical Perspective of
Corporate Governance

15 mins

Issues in Corporate
Governance

15 mins

Relevance of Corporate
Governance


15 mins
Break 05 mins

12

Need and Importance of
Corporate Governance

Presentation by
2 students on
Corporate
Governance
(Book Chapter
Review +
Journal Article
Review)

15 mins


T2

Student Presentation on
Related Book Chapter OR
Article Review

30 mins

Summarize the lecture

10 mins





13

Re-cap of the pervious
lecture


10 mins



T2
Benefits of good Corporate
Governance

25 mins

Concept of Corporate &
Governance

25 mins
Break 05 mins




14

Theoretical basis for corporate
governance & obligation to
society

Presentation by
2 students on
Corporate
Governance
(Book Chapter

15 mins



T2

Student Presentation on

30 mins
Related Book Chapter OR
Article Review
Review +
Journal Article
Review)
Summarize the lecture

10 mins




15

Re-cap of the pervious
lecture



T2

Obligation to investors &
obligation to employees


Obligation to customers &
Managerial obligation

Break 05 mins

16

Student Presentation on
Related Book Chapter OR
Article Review
Presentation by
2 students on
Corporate
Governance
(Book Chapter
Review +
Journal Article
Review)

30 mins



T2

Role Play ON CSR

20 mins

Summarize the lecture

10 mins


The Role of Public Policies in Governing Business


























17

Discussion- Test 1 Question
paper & Performance in Test



10 mins



T2
Re-cap of Module 3

10 mins
Opening Case on Public
Policies

15 mins

Government and public policy

10 mins

Classification of public policy
& areas of public policy

15 mins
Break 05 mins




18

Student Presentation on
Current Topics


Presentation by
2 students on
Newspaper
Clipping


20 mins



T2
Need for public policy in
business

10 mins

Levels of public policy

15 mins

Summarize the lecture

10 mins


IV
(8 Hours)


























19

Re-cap of the pervious
lecture


10 mins



T2
Elements of public policy

15 mins

Corporation and public policy

15 mins

Framing of public policy

15 mins
Break 05 mins




20

Student Presentation on
Current Topics
Presentation by
2 students on
Newspaper
Clipping


20 mins


T2
Business and politics-levels of
involvement, business,
government

30 mins

Summarize the lecture

10 mins






21



Re-cap of the pervious
lecture




10 mins



T2
Society and media relationship
government regulations in
business

25 mins

Justification of regulation,
types of regulation, problems
of regulation

25 mins
Break 05 mins




22

Student Presentation on
Current Topics

Presentation by
4 students on
Newspaper
Clipping


20 mins


T2

Clarification of doubts

15 mins

Summarize the lecture

15 mins


23

Guest Lecture on The Role
of Public Policies in
Governing Business


2 Hours


24


Environmental Concerns and Corporations





Re-cap of Module 4


10 mins





























V
(6 Hours)








25

Opening Case on
Environmental Concern

20 mins
T2

History of environmentalism

10 mins

Environmental preservation-
role of stakeholders

15 mins

International issues

15 mins
Break 05 mins





26

Student Presentation on
Article Review


Article Review
by 3students
on
Environmental
Concerns and
Corporations


20 mins





T2

Sustainable development

10 mins

Costs and benefits of
environmental regulation

15 mins
Summarize the lecture 10 mins







27








Re-cap of the pervious
lecture




10 mins




T2
Industrial pollution

15 mins

Role of corporate in
environmental management

10 mins

Waste management and
pollution control

10 mins

Key strategies for prevention of
pollution

10 mins

Break 05 mins



28

Student Presentation on
Article Review


Article Review
by 3students
on
Environmental
Concerns and
Corporations


20 mins



T2
Environmental audit

15 mins

Laws governing environment

15 mins

Summarize the lecture

10 mins


29


Industrial Visit


2 Hours


30


Business Ethics






















VI
(6 Hours)



























31



Re-cap of Module 5










10 mins





T3




Opening Case on Business
Ethics issues at Satyam
Computer Service (The
Satyam Scam)


20 mins

Meaning of ethics

10 mins

Business ethics

10 mins

Relation between ethics and
business ethics

10 mins
Break 05 mins




32
Student Presentation on Book
Review



Book Review
by 3 students

20 mins



T3 Evolution of business ethics

15 mins

Nature of business ethics

10 mins

Summarize the lecture

10 mins







33



Re-cap of the pervious
lecture


10 mins



T3
Scope, need and purpose

15 mins
Importance & Approaches to
business ethics

15 mins

Sources of ethical knowledge
for business roots of unethical
behavior

10 mins

Ethical decision making &
some unethical issues

10 mins
Break 05 mins

34

Student Presentation on Book
Review



Book Review
by 3 students

20 mins


T3

Benefits from managing ethics
at workplace Ethical

30 mins
organizations

Summarize the lecture

10 mins


35



Discussion on Business
Ethics


2 Hours


36


Corporate Social Responsibility
















VII
(6 Hours)



37
Discussion - Question Paper &
Performance in Test 2

10 mins


T2
Re-cap of Module 6

10 mins

Opening Case on CSR

20 mins

Types and nature of social
responsibilities

10 mins

CSR principles and strategies

10 mins
Break 05 mins




38

Student Presentation


Presentation by
3 students on
Notable CSR
activity by
Business &
Government
across Global

20 mins


T2
Models of CSR

15 mins

Best practices of CSR


10 mins

Summarize the lecture

10 mins




39



Re-cap of the pervious
lecture







Debate

10 mins


T2

Need of CSR

20 mins

Arguments for and against
CSR

30 mins
Break 05 mins

Arguments for and against
CSR.. continues
Presentation by
3 students on
Notable CSR
activity by
Business &
Government
across Global

20 mins


T2

Student Presentation

20 mins

Summarize the lecture 20 mins

41

Discussion on - CSR Indian
perspective Indian Context



2 Hours
42


Business Law



























VIII
(14hours)















43
Re-cap of Module 7
Opening Case Laws
i) Law of contract,
ii) Meaning of contract &
agreement










7 case laws
presentation by
14 students




































1 hour




























T4
















44
iii) Essential elements of a
valid contract
iv) Classification of
contracts
Summarize the lecture


1 hour


45
Re-cap of the pervious
lecture hour
v) Proposal and
acceptance, free
consent, void
agreements


1 hour


46
Negotiable instruments act
1881:
vi) Nature and
Characteristics of
Negotiable instruments
vii) Kinds of Negotiable
Instruments
Summarize the lecture


1 hour


47
Re-cap of the pervious
lecture hour
viii) Promissory Notes
ix) Bills of Exchange and
Cheques
x) Parties to Negotiable
Instruments


1 hour


48
xi) Negotiation- Discharge
and Dishonor of
Negotiable Instrument
xii) Law of agency
xiii) Bailment & Pledge
Summarize the lecture


1 hour


49
Re-cap of the pervious
lecture hour
Sale of goods act 1930:
xiv) Definition of Sale
xv) Sale v/s Agreement to
Sell


1 hour



















xvi) Goods, price and Time























































50
xvii) Condition and
Warranties
xviii) Express and Implied
Condition
Summarize the lecture


1 hour



51
Re-cap of the pervious
lecture hour
xix) Doctrine of Caveat
Emptor
xx) Performance of Contract
of sale
xxi) Right of Unpaid Seller


1 hour


52
xxii) Intellectual property
law
Summarize the lecture

1 hour


53
xxiii) Law relating to patents
xxiv) Law relating to
copyrights
xxv) Law relating to trade
mark

1 hour


54

Summarize Module 8

1 hour


55

Visit to the High Court

2 Hours

56

RECOMMENDED BOOKS:

1) Business, Government, and Society: A Managerial Perspective, Text and Cases
John F. Steiner, 12/e, McGraw-Hill, 2011. {TI- Module 1 & 2}
2) Corporate Governance: principles, policies and practices Fernando A. C, 2/e,
Pearson, 2011. {T2- Module 3, 4 & 5}
3) Business Ethics and Corporate Governance - Ghosh B. N, Tata McGraw Hill,
2012. {T3- Module 6 & 7}
4) Business Law for Managers, Goel P. K, Biztantra, 2012. {T4- Module 8}
5) Corporate Social Responsibility: A Study of CSR Practices in Indian Industry,
Baxi C. V & Rupamanjari Sinha Ray, Vikas Publishing House, 2012. {T5}


REFERENCE BOOKS:

1) Business and Society - Lawrence and Weber, 12/e, Tata McGraw-Hill, 2010.
2) Business Ethics - Bajaj P. S & Raj Agarwal, Biztantra, 2012.
3) Corporate Governance - Keshoo Prasad, 2/e, PHI.
4) Corporate Governance, Ethics and social responsibility - Balachandran V, &
Chandrashekharan V, 2/e, PHI, 2011.
5) Business and Government Francis Cherunilam, HPH.
6) Corporate Governance Machiraju H. R, HPH.
7) Business Ethics and Corporate Governance Prabakaran S, Excel Books.
8) Corporate Goverance Badi N. V, Vrinda Publications, 2012.
9) Civic Sense Prakash Pillappa, Excel Books, 2012.

Mandatory Mini Projects:

1) Mini projects on Study of Small Business in the respective areas by the

students and presentation of the student in the form of a 2- 3 page report
highlighting the nature of business, the owners of the business, the process of
the business, competitors in the area and the number of years of existence in
the business, scope for new entrants in the business, Unique selling proposition
of that business enterprise.

2) Mini project on Visit to a Government office- Students are supposed to visit
any government office in their locality and identify the service that is provided
to the department to which it belongs to, number of employees in the office, the
organisation structure, the public interface (whom are the people they are
providing service to.

Question for Discussion (Skill Based Question):

1.Thesequestionswillbediscussedintheclassroomasassignmentquestions.

Question Bank

3 Marks
1. Explain the need and basic objectives of business ethics.
2. Why should you study business ethics?
3. Enumerate the scope of business ethics.
4. What is corporate social responsibility?
5. What is the need for CSR?
6. Distinguish between corporate management and corporate governance.
7. What are the major issues in corporate government in the world today?
8. Why is corporate government important in a country?
9. Define the term Contract?
10. What are the essentials of a valid contract?
11. What is voidable contract?
12. Write a note on crossed cheques.
13. Give examples of non-negotiable instruments.
14. Define promissory note.
15. Define sale.
16. What are the essentials of a contract of sales?
17. What are the essentials of a delivery?
18. What are the essentials of a warranty?
19. Distinguish between sale and bailment.
20. Distinguish between sale and mortgage.
21. What is Public Policy?
22. What is the need for public policy in business?
23. What is environmentalism?


7 Marks

1. Distinguish between ethics and business ethics.
2. Why should business people have social responsibility?
3. Write a note on CSR in India.
4. Discuss the major ethical issues involved in environmental pollution.
5. Explain the major social cost of pollution.
6. How is human poverty related to environmental pollution?
7. Explain the basic mechanism of corporate governance.
8. Discuss the emerging trend in the corporate government.
9. What do you think is the impact of globalization on corporate
governance?
10. What are the essential features of a good corporate government?
11. All contracts are agreements, but all agreements are not contract.
Explain.
12. What are the effects of agreement with a minor?
13. Explain what is meant by negotiable instruments. Also explain its
characteristics.
14. What are the essentials of bill of exchange?
15. Who are the parties to a bill of exchange?
16. Who are the parties to a promissory note?
17. Distinguish between sale and hire purchase.
18. Distinguish between sale and agreement to sell?
19. What are the remedies available to a buyer against a seller?
20. Explain the difference between condition and warranty.
21. What is good public policy? Explain
22. Briefly describe the stages of the policy process.
23. Write a note on the classification of public policy.
24. Explain the types of regulation in public policy.


10 Marks

1. What are the main sources of the knowledge of business ethics?
2. Is corporate social responsibility a legal issue or an ethical issue?
Explain your view.
3. Write a note on the corporate citizenship model.
4. Write a note on the CSR programmes of Indian companies.
5. How does environmental pollution lead to human health problems?
6. Explain how global inequalities are being accentuated by environmental
pollution.
7. Elaborate on the major OECD principles for corporate governance.
8. In corporate governance, there is always a gap between the precept and
the practice. Explain your view point.
9. Explain the basic theories of corporate governance. Which one is the best
according to you and why?
10. Not all agreements are enforceable by law. Why?
11. Explain the essentials of a promissory note.
12. What is an endorsement? Explain the essentials of valid endorsement.
13. Explain the difference between fraud and misrepresentation.
14. What do you understand by performance of a contract? Under what
circumstances a contract need not be performed.
15. What are the roles and responsibilities of LIC of India?
16. Explain rights of an unpaid seller.
17. Under what conditions the doctrine of caveet emptor is exempt or does
not apply.
18. Explain different modes of delivery under sal of goods act 1930?
19. How do we determine what is in the public interest & what is a good
public policy?
20. What is the role of corporate in environmental management?
21. Write a note on the Laws governing environment.
22.


*****************************************************