Moral and Ethical Dimensions of Corporate Life

Abstract

This chapter explores the moral and ethical dimensions of Indian corporate life. Adopting a historical approach, the links between prevailing models and the differentials in pre-colonial and postcolonial socio-cultural and business scenarios are identified. In particular, the greed-based management model is critically examined. An inspiration-based management model rooted in the indigenous Indian thought and cultural practices, which impress upon a deep sense of morality is advanced. The potential for such an approach is substantiated with the help of instances of contemporary business leaders who developed their enterprises on the same value system. Such cases are deliberated and their implications for current practices are indicated. Interventions are becoming necessary in contemporary business world where malpractices are increasing. Taking a historical route, the chapter also analyses the complexities of current corporate scandals across the world. Finally, the implications for strengthening the moral order in organizational behaviour are highlighted.