SMSC-302
a) Why Work
Work provides purpose, sustains livelihoods, and fosters personal growth and societal
progress. It is a means to contribute to one’s community and achieve self-fulfillment.
b) What is Work
Work is the application of effort, both mental and physical, to achieve a goal or
produce value, often in exchange for compensation or personal satisfaction.
c) How to Work
Work effectively by setting clear goals, maintaining focus, leveraging skills, and
practicing discipline and perseverance, while adapting to challenges.
d) Spirit of Work
The spirit of work refers to performing tasks with dedication, passion, and a sense of
responsibility, aligning personal goals with organizational and societal values.
e) Explain "Globalization" under the topic Indian wisdom and modern management
Globalization connects economies and cultures worldwide. Indian wisdom
emphasizes sustainable and inclusive practices, such as yoga, ethics, and community
welfare, which modern management can integrate to address global challenges.
f) Different Components of Integrity
Integrity involves honesty, accountability, fairness, transparency, consistency, and
adherence to moral and ethical principles in actions and decisions.
g) Define TÍM
Total Integrity Management (TÍM) is a framework emphasizing ethics, accountability,
and holistic management practices to ensure sustainable success.
h) Define Ethics
Ethics refers to principles guiding human conduct, distinguishing between right and
wrong, and promoting fairness, accountability, and respect in actions.
i) Explain the Meaning of Virtue Ethics Theory
Virtue ethics focuses on character and virtues, such as honesty and kindness,
emphasizing moral excellence as the foundation for ethical behavior.
j) What is Corporate Governance?
Corporate governance involves the systems, principles, and processes by which
companies are directed and controlled, ensuring transparency, accountability, and
fairness to stakeholders.
Section-B
1. Ethically Discussing the Drawbacks of Under-Age Marriages
Under-age marriages violate the fundamental rights of children, denying them
the opportunity to grow, learn, and make informed choices about their lives.
Ethically, it perpetuates gender inequality by disproportionately affecting girls,
subjecting them to physical, emotional, and economic exploitation. Young
brides often face severe health risks, including complications during pregnancy
and childbirth, due to their underdeveloped bodies. This leads to high maternal
and infant mortality rates, violating the ethical principle of "do no harm."
The practice stems from patriarchal norms, dowry-related pressures, and the
misconception that early marriage safeguards a family's honor. These reasons
ignore the child's autonomy, well-being, and right to education. Ethically,
society must prioritize the child's interests over cultural or economic pressures.
The lack of stringent enforcement of laws reflects a societal failure to protect
vulnerable individuals, undermining justice and accountability.
2. How Increasing Empowerment of Women Helps Eliminate Such Problems
Empowering women through education, economic independence, and legal
awareness equips them to resist and challenge harmful practices like under-age
marriages. Education broadens horizons, enabling women to make informed
decisions and advocate for their rights, which can disrupt the cycle of child
marriage.
Economic empowerment reduces dependence on patriarchal systems, giving
women the means to assert control over their lives. Legal literacy and
awareness encourage reporting and intervention against child marriages,
fostering accountability. Moreover, empowered women can influence societal
norms, inspiring future generations to prioritize education and health over
early marriage. Empowerment promotes gender equality, creating a ripple
effect that challenges the cultural roots of child marriage and ensures healthier,
more secure futures for all.
Section-C
1. Principles of Management in Ancient Wisdom
Ancient Indian wisdom offers several management principles emphasizing
ethics, sustainability, and collective welfare. Key principles include Dharma
(righteousness), which guides ethical decision-making, and Artha (wealth
creation), which must align with moral and societal well-being. Leadership
lessons from texts like the Bhagavad Gita stress selfless action (Nishkama
Karma) and situational adaptability. Teamwork is highlighted in the
Mahabharata, where collaboration led to shared success. Ancient scriptures
emphasize planning (Purushartha) and strategic thinking, as well as the
importance of servant leadership, where leaders prioritize the needs of their
people. These timeless principles promote harmony between individual goals,
organizational success, and societal progress.
2. Essential Features of Indian Ethos and Insights
Indian ethos integrates spirituality with management practices. Core features
include:
• Self-awareness: Understanding oneself for effective leadership.
• Holistic perspective: Viewing challenges and opportunities as
interconnected.
• Sustainability: Respect for natural resources and minimizing harm.
• Inclusivity: Embracing diversity and fostering community welfare.
• Karma Yoga: Focusing on actions without attachment to outcomes.
• Respect for wisdom: Learning from ancient texts and applying insights to
modern contexts.
Indian ethos emphasizes the balance between material success and
spiritual growth, advocating for ethical and meaningful living.
3. Ethical Values vs. Skills
• Ethical Values: Principles guiding moral behavior, such as honesty,
integrity, and empathy. They form the foundation of trust and social
harmony.
• Skills: Practical abilities like communication, technical expertise, and
problem-solving. Skills are task-specific and can be learned, while values
are intrinsic and character-driven.
Ethical values ensure skills are used responsibly, while skills enhance the
practical application of values in achieving goals.
4. Scope of Business Ethics
The scope of business ethics encompasses multiple areas:
• Corporate Governance: Ensuring accountability and transparency.
• Consumer Rights: Protecting customers from exploitation.
• Workplace Ethics: Promoting equality, fairness, and safety.
• Environmental Responsibility: Minimizing ecological impact and
fostering sustainability.
• Corporate Social Responsibility (CSR): Contributing to community
welfare.
Business ethics extends to global operations, emphasizing compliance
with laws, respect for cultural diversity, and long-term value creation for
all stakeholders.
5. Value-Based Holistic Management
Value-based holistic management integrates ethics, spirituality, and well-being
into business practices. It goes beyond profit maximization to prioritize societal
good, environmental sustainability, and employee welfare. Key elements
include:
• Purpose-driven leadership focused on societal impact.
• Employee empowerment through ethical practices and personal growth.
• Community engagement and inclusivity.
• Long-term vision, balancing material and intangible outcomes.
Holistic management promotes innovation, resilience, and shared
prosperity.
6. Responsibilities of Business
Businesses have several responsibilities:
• Economic: Generating profit while contributing to economic
development.
• Legal: Adhering to laws and regulations.
• Ethical: Maintaining fairness, transparency, and integrity.
• Philanthropic: Supporting societal causes and addressing community
needs.
• Environmental: Minimizing ecological damage and fostering
sustainability.
• Stakeholder Responsibility: Addressing the needs of employees,
customers, suppliers, and investors.
By fulfilling these responsibilities, businesses build trust, foster goodwill,
and contribute to overall societal welfare.
