Running on trust

Question 1 What is the fundamental moral value of tata steel?

Answer the fundamental moral value of tata is to give back to the community they come from.
They help the communities that are around their manufacturing facilities through uplifting
initiatives.
Question 2 Has ethics made any difference to the way of doing business?
Answer In my opinion it has, because a few years back people didn't think that corporations
owed anything to society but now with this new outlook they know that a business cannot
survive if its not ethical and if it is it will thrive.
Question 3 What are the benefits to an ethics based company
Answer. These companies benefit society rather than harming them. They uplift their
communities, rather than destroying the environment and polluting the rivers.

Case study
A matter of principle
Question 1. What are the principles at stake?
Answer. Yes, ethics are how we differentiate between right and wrong. Hence ethics in this
particular case, are of utmost importance.
Question 2. What are the principles at stake?
Answer. In this case the principle of who had the responsibility to confirm whether this was the
authorised driver or not and if he was the authorised driver then who is to blame? And can the
head of a company be blamed for this crime?
Question 3. Who are the stakeholders in this case and what is their relationship to each other.
Answer. The family of the victim, the company, its CEO and the public to some extent. The
victims family and the public would probably have a hostile relationship with the company and
its CEO. As they would blame them for the heinous act.
Question 4. How are laws and ethics related?
Answer. Laws are written in stone and must be followed by every individual. Breaking a law will
lead to legal ramifications. While ethics are moral principles that govern a person's behaviour or
their conduct. If someone is unethical they cannot be legally prosecuted. However they won't be
considered a good person.
Question 5. How worthwhile is it to salvage one's nonimplication in a case of this manner?
Answer. In my opinion it is not worthwhile as it will hurt the sentiments of society. When such a
heinous crime is committed everyone wants justice to be served and for someone to be
punished. This way people get a sense of justice. If the CEO has made it a matter of principle
not to pay a fine of 1000rs which is chump change for a person like him and he's wasting the
time of the highest court of that nation. Then he's just being arrogant and stubborn.
Question 6. How would you deal with the aftermath or the public sympathy syndrome?
Answer. I would fire the person who was in charge of that department even if the driver was
unauthorised. Where was the authorised one? So there is a mistake on the company's part.
I would also tell all the employees to cooperate with the authorities and give them everything
they need for the investigation. I'd also apologise to the public and assure them that appropriate
actions have been taken. So that the culprits are apprehended and this may never happen
again.
Question 7. Can you identify where the public sympathy syndrome affected the outcome of the
case?
Answer. I think it affected the outcome when the Labour union went after the CEO.
Question 8. Does public opinion count in ethical judgment?
Answer. No, ethics can vary from person to person. Public opinion might not always be
acceptable.
Question 9. What would you do differently than Mr Mittal, the CEO?
Answer. I would pay the fine and move on with my life. This crusade of his is doing more harm
than good.
Question 10. How should companies conduct themselves with government departments?
Answer. I think they should help them in any way they can. The government makes the laws the
corporations have to follow so they should try to keep a civil relationship. So that it may be
reciprocated.