BUSINESS, GOVERNMENT AND SOCIETY
Subject Code : 14MBA24
IA Marks : 50 No. of Lecture Hours / Week : 04 Exam Hours : 03
Total Number of Lecture Hours : 56 Exam Marks : 100 Practical Component : 01 Hour / Week
Table 1 – Session Plan
Mod
No
1
1
Session.
No.
1
2
Contents
Introduction to the subject. Background.
Introduction to Module 1
The Study of Business, Government and
Society(BGS):
Importance of BGS to Managers – Models
of BGS relationships
Pedagogical
Tools
lecture
PPT +lecture
Session
objective
Outcome of
the session
To understand the
importance and
relevance of the
subject.
Students should
be able to list out
reasons/benefits
of studying BGS
subject.
Students should
realize the
importance of
Government and
society in
conducting
business.
Students should
be able to
understand
various forces
influencing
Market capitalism
Model.
Students should
be able to
differentiate
between Market
Capitalism Model
and Dominance
Model
Students should
be able to
understand
various forces
leading to
Countervailing
To understand the
relevance of BGS
to managers.
To get to know
about Market
capitalism Model.
1
3
Market Capitalism Model,
PPT +lecture
1
4
Dominance Model
lecture
1
5
Countervailing Forces Model
PPT + lecture
To have clarity of
Dominance
Model.
To get to know
about
Countervailing
Forces Model.
Presentation
Assignments
/ additional
work
Student
Learning
Evaluation
Technique
Cumulative Coverage
-
Class Discussion
4%
Refer – Table 3
Class Discussion
Assignments
8%
10
11
Refer – Table 3
Class Discussion
Assignments
12%
Forces Model.
1
1
1
6
7
8
Stakeholder Model
Global perspective – Historical Perspective.
Review of Module 1
PPT +lecture
lecture
PPT +lecture
To get to know
about
Countervailing
Forces Model and
Stakeholder
Model.
To get insights
about Global
perspective and
Historical
Perspective.
To have clarity of
four models of
BGS
relationships.
2
9
Corporate Governance: Introduction,
Definition, Market model and control model,
lecture
2
10
OECD on corporate governance, A historical
perspective of corporate governance,
lecture
To understand the
concept of
corporate
governance in the
present scenario.
To know about
OECD principles
on corporate
governance.
PPT +lecture
To understand
various issues in
corporate
governance.
2
2
11
Issues in corporate governance, relevance of
corporate governance,
12
Need and importance of corporate
governance, benefits of good corporate
governance.
lecture
To understand
various benefits of
corporate
governance.
Students should
be able to
differentiate
between
Countervailing
Forces Model and
Stakeholder
Model.
Students should
be about to have
complete clarity
about BGS
relations both at
global and
domestic level.
Students should
be able to relate
different BGS
relationship
models to
different BGS
scenarios.
Students should
be able to explain
the benefits of
corporate
governance.
Students should
be able to list out
various principles
developed by
OECD w.r.t
corporate
governance.
Students should
be able to take out
various issues of
corporate
governance from
leading corporate
companies.
Students should
be able to find out
companies having
good corporate
governance and
14
Refer – Table 3
Class Discussion
Test
Assignments
15%
16
Refer – Table 3
Class Discussion
Assignments
18%
19
Refer – Table 3
Class discussion
Test
Assignment
21%
22
2
2
2
2
13
14
15
16
the concept of corporate, the concept of
governance, theoretical basis for corporate
governance,
obligation to society, obligation to investors,
obligation to employees
obligation to customers, managerial
obligation - Indian cases
Indian cases - Satyam, Enron
PPT +lecture
lecture
PPT+lecture
lecture
PPT +lecture
3
17
Public Policies:
The role of public policies in governing
business,
PPT +lecture
3
18
Government and public policy, classification
of public policy.
To have clarity of
two concepts:corporate and
governance.
To understand the
obligation of
corporate towards
society, investors,
and its employees.
To understand the
various
obligations of
corporate towards
its stakeholders
using the case of
Satyam
Computers.
To understand the
corporate
governance
failures at Satyam
and Enron.
To understand the
concept of public
policies and its
impact on
business.
To learn different
types of public
policies and its
impact.
list out the
advantages
derived from that.
Students should
be able to chart
out evolution of
corporate
governance giving
examples of
various corporate
scandals in the
past.
Students should
be able to list out
various corporate
obligations
towards its
stakeholders.
Students should
be able to
understand the
cases of various
corporate
governance
failures and its
impact on the
society.
Students should
be able to
understand,
analyze, and
interpret the cases
by applying the
concepts learned
in the module.
Students should
be able to list out
various public
policies
influencing the
business.
Students should
be able to
categorize various
public policies
under
classifications of
24
Refer – Table 3
Class Discussion
Assignment
25%
Refer – Table 3
Class Discussion
Assignment
28%
30
Refer – Table 3
Class Discussion
Assignments
31%
33
public policies.
PPT +lecture
3
3
4
19
20
areas of public policy, need for public policy
in business
levels of public policy
21
Environmental concerns and corporations
:
History of environmentalism, environmental
preservation-role of stakeholders
22
international issues, sustainable
development, costs and benefits of
environmental regulation
lecture
PPT+lecture
PPT +lecture
4
4
23
24
industrial pollution, role of corporate in
environmental management
waste management and pollution control
To find out
different elements
of public policy.
To understand
evolution of
environmentalism.
PPT +lecture
4
To explore
different areas of
public policy,
need for public
policy in business.
PPT +lecture
To understand
various green
models of
sustainable
development.
To understand
various ways of
environmental
pollution.
To explore
different methods
of waste
management and
pollution control.
To evolve waste
management and
pollution control.
4
25
key strategies for prevention of pollution,
environmental audit
lecture
Students should
be able to
understand
different areas of
public policy,
need for public
policy in business.
Students should
be able to draw
various elements
of public policy
with specific to
different areas.
Students should
be able to list
various important
events leading
towards present
situation of
environmentalism.
Students should
be to list costs and
benefits of
environmental
regulation.
Students should
be able to list out
ways of reducing
environment
pollution using
green initiatives.
Given a scenario
students should be
able to come out
with innovative
ways of waste
management and
pollution control
Given a
scenario students
should be able to
come out with
innovative
strategies for
preventing
pollution.
34
Refer – Table 3
Class Discussion
Assignments
Case analysis
35%
37
Refer case
study
Class Discussion
Assignments
TestCase analysis
39%
Refer case
study
Refer – Table 3
Class Discussion
Assignments
43%
Refer case
study
Refer – Table 3
Class Discussion
Case presentation
Assignments
46%
4
26
Laws governing environment
lecture
To learn various
laws governing
environment.
To have complete
clarity of module
3.
4
27
Review of Module 3 & 4
PPT +lecture
To have complete
clarity of module
4.
4
5
28
29
Review of Module 3 & 4
Meaning of ethics, business ethics, relation
between ethics and business ethics
PPT +lecture
lecture
PPT +lecture
5
30
evolution of business ethics, nature of
business ethics, scope, need and purpose,
importance,
31
approaches to business ethics, sources of
ethical knowledge for business roots of
unethical behavior
PPT +lecture
5
PPT +lecture
5
32
ethical decision making, some unethical
issues,
5
33
benefits from managing ethics at workplace
lecture
To understand the
concepts of ethics
and business
ethics.
To understand the
evolution of
business ethics.
To learn various
sources of ethical
knowledge.
To understand the
various challenges
involved in ethical
decision making.
To explore
various benefits
from managing
Students should
list various related
laws governing
environment.
Students should
be able to relate
different public
policies being
implemented by
government in
different
scenarios.
Students should
be able to
understand
various
environmental
issues,
complications and
its implications on
business.
Students should
be able draw the
relation between
ethics and
business ethics.
Students should
be able to list
important events
leading to the
stage of emphasis
on business ethics.
Students should
be list different
unethical practices
being practiced in
corporate sector.
Students should
list various
unethical issues
faced by
managers in
taking various
decisions.
Students should
list various
benefits from
48
Refer case
study
Refer – Table 3
Class Discussion
Assignments
49%
51
Refer case
study
Refer – Table 3
Class discussion
Assignment
53%
Class Discussions
Assignments
57%
59
Refer – Table 3
Class Discussions
Assignments
Refer – Table 3
Class Discussions
Assignments
61%
64%
5
5
34
35
ethical organizations
Indian cases
lecture
Discussion and
analysis.
ethics at
workplace.
To know about
various ethical
organizations.
To understand the
implications of
ethical practices
in organizations.
To have clarity of
ethical business
practices.
5
36
Review of module 5
Discussion
PPT +lecture
6
37
Types and nature of social responsibilities,
PPT +lecture
6
38
CSR principles and strategies
PPT +lecture
39
models of CSR, Best practices of CSR
6
40
Need of CSR, Arguments for and against
CSR
lecture
6
41
CSR Indian perspective
lecture
6
To understand
types and nature
of social
responsibilities.
To understand
various CSR
principles and
strategies being
used in corporate
sector.
To learn different
models of CSR.
To understand the
importance of
CSR.
To understand the
Indian perspective
of CSR.
managing ethics
at workplace
Students should
be able to list
ethical
organizations
giving reasons for
consideration.
Students should
realize the
importance of
ethical practices
in business.
Students should
get familiarity of
ways of
conducting
business in an
ethical manner
and repercussions
of unethical
practices.
Students should
be able to list
types and nature
of social
responsibilities,
Students should
be able to list
various CSR
principles and
strategies being
used in corporate
sector.
Students should
list various
innovative and
best practices
being practiced in
corporate sector.
Students should
be able to list
Arguments for
and against CSR.
Students should
be able to list
various successful
66
Refer case
study
Refer – Table 3
Class Discussions
Assignments
Class Discussions
Assignments
67%
71%
73
Refer case
study
Refer –Table 3
Class Discussion
Assignments
74%
Refer case
study
Refer – Table 3
Class Discussion
Assignments
77%
79
Refer case
study
Refer – Table 3
Class Discussion
Test
Assignments
80
social enterprises
To learn Indian
companies CSR
initiatives.
6
42
Indian examples
lecture
PPT +lecture
7
43
Module VIII: Business Law - Law of
contract, meaning of contract
PPT +lecture
7
44
agreement, essential elements of a valid
contract
PPT +lecture
7
45
7
7
46
47
48
To know the
various important
elements of a
valid contract.
To learn elements
of a valid contract
in detail
essential elements of a valid contract
PPT +lecture
7
To understand the
fundamentals of
law of contract.
To understand the
concept of agency
Law of agency - meaning. Creation and
termination of agency.
Bailment & Pledge: meaning. Rights and
duties of bailor and bailee
Sale of goods act 1930: Definition of Sale,
Sale v/s Agreement to Sell
lecture
lecture
To have complete
clarity of
Bailment &
Pledge, and also
to know the
Rights and duties
of bailor and
bailee.
To understand the
fundamentals of
the concept of sale
of goods act 1930.
Students should
be able to list
CSR initiatives
taken up by
different corporate
and its
advantages.
Students should
be able to apply
the concept of law
of contract in real
life scenarios.
Students should
be able to apply
the various
elements in real
time business or
personal life
scenarios.
Students should
be able to apply
the various
elements in real
time business or
personal life
scenarios.
Students should
be able to relate
and apply the
concept of agency
in real life
scenarios.
Students should
be able to
differentiate
bailment and
pledge.
Students should
be able to conduct
the sales business
in line with the
provisions of the
act.
Refer – Case
study
Refer – Table 3
Class Discussion
Case presentation
Assignments
82
83
Refer – Table 3
Class Discussion
Presentations
Assignments
Refer – Table 3
Class Discussion
Assignments
84%
85%
86
Refer case
study
Refer case
study
Refer – table 3
Class Discussion
Assignments
Class Discussion
Case presentation
Assignments
87%
88
7
7
49
50
Goods, Condition and Warranties
Express and Implied Condition,
lecture
lecture
PPT +lecture
7
51
“Doctrine of Caveat Emptor”,
PPT +lecture
7
52
Right and duties of Unpaid Seller
PPT +lecture
7
53
Meaning, scope and objectives of
Intellectual property law, law relating to
patents
PPT +lecture
7
7
54
55
law relating to copyrights,
law relating to trade mark
lecture
7
56
Review of module 7
lecture
7
57
Review of the module 7
PPT +lecture
To know the
concept of
condition and
warranties.
To understand the
difference
between Express
and Implied
Condition.
To understand the
concept of
“Doctrine of
Caveat Emptor”.
To understand the
Right and duties
of Unpaid Seller.
To understand the
Meaning, scope
and objectives of
Intellectual
property law.
To understand the
concept of patents
and copyrights.
To understand the
concept of trade
mark.
To have complete
clarity important
commercial law
aspects in
conducting
business.
To have complete
clarity important
Students should
be able to apply
the concept of
condition and
warranties in
business.
Students should
be able to
differentiate
between Express
and Implied
Condition.
Students should
be able to apply
the concept of
“Doctrine of
Caveat Emptor”
in real time
business
scenarios.
Students should
be able to apply
the concept in real
time business
scenarios.
Students should
know the basics of
IPR and its
implications in
real time business
scenarios.
Students should
be able to apply
the concepts in
real time business.
Students should
be able to apply
the concepts in
real time business.
Students should
be in a position to
do the business in
a legal manner.
Students should
be in a position to
89
90
91
92
93
94
95
96
97
58
59
60
Case of Satyam
Indian case studies
lecture
PPT + lecture
Review of previous year VTU question
papers.
lecture
commercial law
aspects in
conducting
business.
To understand the
implications of
corporate
governance
failure, unethical
practices on the
sustenance of
business.
To gain exposure
of Indian business
scenarios.
To gain
familiarity of the
type of questions
being asked in
external exam.
do the business in
a legal manner.
Students should
be in a position to
modify the system
loop holes in
corporate
governance.
Students should
have complete
clarity of Indian
business
scenarios.
Students should
have clarity of
type of questions
being asked.
Table – 2
Presentation Topics
Mod No
S.No.
Presentation Topic
1
Sustainable business model
2
Business Environment in India
3
Companies with successful Corporate Governance
98
99
100
4
Recent public policies
5
Environmental conscious companies
6
Ethical corporate companies
7
CSR initiatives of Indian companies
8
Legal implications on corporate
Table – 3
Assignments & Additional Work
Mod No
Sl.No.
Assignment Topics
1
Questions from module 1
2
Questions from module 2
3
Questions from module 3
4
Questions from module 4
5
Questions from module 5
6
Questions from module 6
7
Questions from module 7
8
Questions from module 8
Table – 4
Case Study Topics
Mod No
Particulars
1
Case of Satyam
Case of Enron
Case of Occupy Wallstreet
Case of Greenpeace and Essar
Case of TATA Group - CSR
Case of Project Shakti of Hindustan Unilever Limited
Case of ITC’s e-choupal
Cases of Social enterprises in India
Case study will be given to the students for
presentation based on INDIAN based CASELETS & IIM CASE BANK
Table – 5
References & Additional Readings
S.No.
Particulars
1
Business, Government, and Society: A Managerial Perspective, Text and Cases – John F. Steiner, 12/e, McGraw-Hill, 2011.
2
Corporate Governance: principles, policies and practices – Fernando A. C, 2/e, Pearson, 2011.
3
Business Ethics and Corporate Governance - Ghosh B. N, Tata McGraw-Hill, 2012.
4
Business Law for Managers, Goel P. K, Biztantra, 2012.
5
7
Corporate Social Responsibility: A Study of CSR Practices in Indian
Industry, Baxi C. V & Rupamanjari Sinha Ray, Vikas Publishing House, 2012.
Corporate Governance, Ethics and social responsibility Balachandran V, & Chandrashekharan V, 2/e, PHI, 2011.
Corporate Governance – Machiraju H. R, HPH.
8
Civic Sense – Prakash Pillappa, Excel Books, 2012.
6
Table – 6
(IA Pattern)


Test Marks
Presentations
Assignments
60%
20%
20%
For Internal Evaluation T1 marks and the best out of remaining two will be considered.
1st Test is mandatory.
Question Bank
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 short notes on the concept of ‘agency’.
13. Write short notes on the concept of “Doctrine of Caveat Emptor”.
14. Write short notes on the concept of public policy.
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?
24. Write short notes on any two of ISO 14000, environmental audit, & RTE
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. Write down OECD principles on corporate governance.
14. Explain the historical forces changing the business environment.
15. Bring out differences between market capitalism model and stakeholders model.
16. Explain stake holder model in the present context.
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.
21.
22.
23.
24.
Explain the difference between condition and warranty.
What is “good” public policy? Explain
Briefly describe the stages of the policy process.
Write a note on the classification of public policy.
Explain the types of regulation in public policy.
10 Marks
1.
2.
3.
4.
5.
6.
7.
8.
9.
What are the main sources of the knowledge of business ethics?
Is corporate social responsibility a legal issue or an ethical issue? Explain your view.
Write a note on the corporate citizenship model.
Write a note on the CSR programmes of Indian companies.
How does environmental pollution lead to human health problems?
Explain how global inequalities are being accentuated by environmental pollution.
How do we determine what is in the public interest & what is a good public policy?
What is the role of corporate in environmental management?
Write a note on the Laws governing environment.
10.
Bring out some unethical issues in various functions like marketing, finance, accounts and IT Management.
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