How important are ethics in business?????? Is business today losing ethics!!!!!!!! In today’s highly competitive world can a small organisation survive while walking on ethical values??????? What is CSR?????
A seminar on “Ethical Management” as a part of Training program on personnel management and H.R was held at NIFT TEA. The speaker was Mrs. Doris Gerber who has a wide range of experience in the industry across the globe in serving the business as a sourcing and production advisor, social auditor, consultant trainer etc.
Mr. Gokarnesan, Principal of NIFT TEA in his welcome explained the importance of ethical values and told the audience about the hostility around, which is a result of lack of ethics. He shared his thoughts on ethical & moral values and expressed his fear on today’s generation who loses their interest on the same. He mentioned about the importance of good moral values and positive thinking.
Mrs. Doris Gerber explained the humanitarian idealism to operational reality. With an example from one of our neighbouring country, she warned that the new media can identify and show instantly abusive situations anywhere in the world. She explained about Free trade system and reminded that norms and standards had become powerful tool to protect the market. She also added that Globalization increases competition and facilitates the comparison.
Commitment of general management, sustainable development committee at management level, Code of conduct for social and environmental compliance, Social Audits and Corrective Action Plan (CAP) a database of all suppliers and contractors, their degree of compliance and current activities and results, Annual sustainable development, warning procedure, regular external communication etc were explained as the pillars of an Ethical Policy. Three methodologies of ethical management were explained. Internal, external or both combined. That could be either permanent or before starting a new business relationship.
Conclusion of the seminar was CSR (Corporate Social Responsibility) or Social and Environmental Compliance, a sustainable issue which must be first applied internally, was explained.
Valuable suggestions, advises, examples were given etc. and finally she requested the participants to follow the rules and regulations by state/local government which will cover almost all norms of these international standard compliances. Hence the seminar was useful for the managers, entrepreneurs and other participants for inculcating ethical values and recognizing their Corporate Social Responsibility.
