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Satyam Scam

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  • September 2009
  • 3742 Words
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CONTENTS

Sr No. Topic Page No.
1 Introduction - ethics4
2 Business Ethics4
3Overview of Issues in Business Ethics5
4 Satyam8
5 Controversies9
6 Details of Satyam Scam10
7 Analysis13
8 Conclusion15

Ethics.
Ethics is a branch of philosophy which seeks to address questions about morality, such as how a moral outcome can be achieved in a specific situation (applied ethics), how moral values should be determined (normative ethics), what moral values people actually abide by (descriptive ethics), what the fundamental semantic, ontological, and epistemic nature of ethics or morality is (meta-ethics), and how moral capacity or moral agency develops and what its nature is (moral psychology). Business ethics.

Business ethics is a form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment. In the increasingly conscience-focused marketplaces of the 21st century, the demand for more ethical business processes and actions (known as ethicism) is increasing. Simultaneously, pressure is applied on industry to improve business ethics through new public initiatives and laws (e.g. higher UK road tax for higher-emission vehicles). Businesses can often attain short-term gains by acting in an unethical fashion; however, such antics tend to undermine the economy over time. Business ethics can be both a normative and a descriptive discipline. As a corporate practice and a career specialization, the field is primarily normative. In academia descriptive approaches are also taken. The range and quantity of business ethical issues reflects the degree to which business is perceived to be at odds with non-economic social values. Historically, interest in business ethics accelerated dramatically during the 1980s and 1990s, both...