May 10

Business Management in the 21st Century

Forum on Legal, Ethical, Moral, Spiritual (LEMS) Challenges

Corporate moral responsibility is often considered by some to be a counter-balance for the entrepreneurial drive toward profitability. Individuals in positions of authority might prioritize profits and the competitive drive over an adherence to moral or ethical codes going beyond the law. However, ethics is neither a luxury nor a voluntary option in the 21st century. More than competence, experience, intelligence and drive, people at all levels of an organization need ethical values, in Europe often referred to as the concept of the respectable merchant.

Business ethics have been in use since the days of Aristotle. The Greek philosopher had written about fair play, justice, equality of trades, greed and other themes, which continue to remain relevant within the business world even two millennia later. Business ethics as practiced in the 21st century have evolved since Aristotle’s time. However, the concept of a moral and ethical approach to business remains relevant within virtually every aspect of today’s society.

In this context, the Indo-German Chamber of Commerce, Xavier School of Management (XLRI) and the Friedrich-Ebert-Stiftung are organizing a discussion on Legal, Ethical, Moral, Spiritual (LEMS) Challenges for business management.

The forum will start with a keynote address by Fr. Ozzie Mascarenhas, S.J. JRD Tata Chair Professor of Business Ethics, XLRI (Jamshedpur), followed by a panel discussion with representatives from academia, companies and trade unions.

We invite you to register for this event until 30 April.  

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