Pride renders in a proud man’s mind the idea that he has more rights than others, since he is deemed to be in a superior position. He, therefore, has the right to amass wealth more than the others. Pride leads to greed and gluttony, two more deadly sins, because pride gives the false impression that [...]

The debate over leadership versus management will not help organizations as this debate only produces useless stereotypes. Leadership and management are both important, but they seek to do different things. Management has the inherent implication that if the organization is doing well, little or no change is needed. However, the business environments today have become [...]

The key points in the Statement of Ethics of the American Marketing Association (AMA) as revised in 2008 include the fact that the guideline shall be ‘intentionally general.’ And to make details more specific, what used to be General Norms has been changed to ‘Ethical Norms.’ This is an indication that AMA is now more [...]

Objectively, the marketing function encounters ethical challenges that are external to the business organization. One ethical challenge is the fact that marketing infringes on the potential customer’s right to self-determination. A rational individual has the right to make an informed decision, but marketing has the capacity to influence and twist that decision.
Another ethical concern is [...]

Government of India has proactively stepped in to rescue Satyam and control the damage done by Satyam scandal to India’s overseas image. Satyam founders Ramalinga Raju, his brother and financial head of the company are in judicial custody for interrogation. Government has appointed three experts as new board members and looks like Satyam and India’s [...]