INTEGRATED PROGRAMME IN MANAGEMENT (IPM)

COURSE OUTLINE COVER PAGE

AY 2023-24 TERM:_____IX____
TITLE OF THE COURSE: BUSINESS, GOVERNMENT AND SOCIETY
CREDITS: 4

Name of the Instructor/s Faculty Room No. Email Telephone Number

DR. APARNA VINCENT B-211 aparnav@iimidr.ac.in 07312439491
Before finalizing the course outline, please read the respective programme’s manual carefully where
individual component and group component evaluation details are mentioned.
Resources details required before commencement or during the course to be mandatorily
purchased/arranged. In case of non-submission of details in the below table,
procurement/arrangement will not be made by the Programme office:
S Resources required for the Details Unit required and Approx. price (in
N conduct of course Rs.)
1 Textbook (to be purchased by Author & Publisher
students)
2 Stationery (to be purchased by List of items with units
office) required
3 Software (to be purchased by Company Name
office)
4 License (to be purchased by Service provider
office)
5 Simulation (to be purchased by Agency
office)
6 Field Visit (to be conducted by Purpose, Location & no. Transport/food arrangements by the
Instructor) of sessions for the office or claim reimbursement
activity
7 Industry Expert/Guest Speaker CV to be enclosed with Mention no. of sessions & memento
(being invited by the Instructor) the course outline or honorarium offering
Note regarding course resources and reading materials:
1. Only those cases/readings/articles will be procured by the programme office that are
available in HBSP/ Darden Publishing/ IIMA case unit website.
2. If Instructors (Internal faculty or Visiting faculty) plan to use their own cases/articles, they
are expected to provide the same for classroom use. These cases will not be procured by the
Programme office.
3. Purchase of resources, only for the exam(s) purpose when the same is not used and debriefed
in any of the classes in that course is not allowed.
Please mention Yes/NO below to provide details about the course outline:
This is an old course outline: _____YES_________ (Yes/NO)
This is a new course outline: ______________ (Yes/NO)
If it is an old course outline, then have you updated any content or reading material in it? ____YES____
(Yes/NO)
If any changes have been incorporated into the old course outline, please provide details below in
which session (number) you have made the changes:
Session No. Details of the changes applied to the old course outline.

COURSE Minor modifications have been made in the course description.

DESCRIPTIO
N
Please indicate the changes made in the course outline based on the measurement of assurance of
learning (closing the loop)/student feedback:
1.
2.
Following details to be filled by the Visiting Faculty (VF) only:
Please provide feedback, in case the same course was taught earlier in the Programme:
S. No. Instructor’s name Course Name Course feedback Instructor’s feedback
1
Approved by: Course Coordinator/Area Chair
 INTEGRATED PROGRAMME IN MANAGEMENT (IPM)
AY: 2023-24 BATCH: TERM: IX

TITLE OF THE COURSE: BUSINESS, GOVERNMENT AND SOCIETY

CREDITS: 4 SECTION: TWO Compulsory

Name of the Faculty Faculty Block/ Email Telephone Number

Room No.
Dr. Aparna Vincent B211 aparnav@iimidr.ac.in 07312439491

CONSULTATION TIME FOR STUDENTS

Name of the Faculty Timing
Dr. Aparna Vincent By Appointment

COURSE DESCRIPTION
This contemporary course aims to build a broad understanding of how business (B), government (G) and
Society (S) interact in complex ways to shape the socio-economic and political landscape in the country.
Through discussions on common and often debated controversial issues the participants would be forced to
think critically and explore the world with alternate sets of assumptions. All through the course aims to
broaden a participant’s perspective to enable a deeper understanding of the role managers play not only in
their functional domain affected by larger societal and governmental influences but also how their actions
are likely to mold how the society and government operates.

The course aimed at business students, explores the underlying approaches that drive business, followed by
broad discussions about how to understand government and society. It aims to instill a deeper
understanding of the institutional and political environment in which businesses function.

Exploring a wide variety of issues requires the course to be interdisciplinary and issue-based discussions.
Using a mix of core concepts, frameworks, theories, cases, historical events, and current incidents the
course seeks to touch upon a range of issues cutting across various sectors and disciplines. However, the
very nature of the course makes it a snapshot view, with no aim of being comprehensive. At best, a peep
into the complexities of the real world is provided, with the participants required to develop their own
critical views and perspectives on how they understand reality and adapt the same in their business decision
making.

COURSE OBJECTIVES
The course aims to broaden the horizons of students and imploring them to read extensively, collect
information and keep their minds open to alternate ways of thinking. For this the course aims to develop
a parsimonious framework of the BGS relationships in the minds of the students. While we examine the
roles of government and society in depth, we maintain focus on business leaders and managers, and seek
to recognize how they are impacted and how they impact the other pillars.

Expected Learning Outcomes and Associated Measures

At the end of the course student is expected to accomplish the following learning outcomes (CLO).
Alignment of CLO with the Programme Level Goals & Objectives and Assessment of the learning
outcomes of the course is presented below.

Course Learning Outcome Program Level Goals/ Outcome Assessment Tool(s)

To provide students with an 2. Demonstrates knowledge of Has been mapped.
overview of the political, social, basic foundations of Management
institutional and economic forces Studies
that affect businesses. 2.3 Understands fundamentals of
Demonstrates application of core disciplines such as
basic foundations of Sociology,
Management Studies Psychology, Political Science,
Philosophy and other social
sciences on which the study of
management is based.
To familiarize students with the 3. Demonstrates ethical Has been mapped.
political and institutional understanding
environment in India within 3.1 Identifies an ethical
which businesses function and issue/problem in a given situation.
understand the inter-linkages 3.2 Recognizes and understands
between business and politics. ethical traits, principles and
perspectives
To understand the evolving 4. Demonstrates social Embedded Question(s) in End-
relationship between business, consciousness Term
government and society in India. 4.1 Understands the social context
in which organizations operate

PEDAGOGY/TEACHING METHOD:

The course will involve a mix of lectures and class discussions.

TEXT BOOK FOR THE COURSE - N.A.

EVALUATION

Individual Component Group Component Weightage

Class Participation 20
Group Assignment 30
End-Term 50
Total 100%

ACADEMIC DISHONESTY

IIM Indore believes in Academic honesty.

Academic dishonesty or misconduct is cheating that relates to an academic activity. It is a violation of trust
between the Institute and its stakeholders. Plagiarism, fabrication, deception, cheating and sabotage are
 examples of unacceptable academic conduct. Please consult the Programme manual for the section on
academic dishonesty.

SCHEDULE OF SESSIONS

Module I : Introduction

Module Objective:
1. To discuss the different models of understanding business, government, and society.
2. The understand interconnectedness and inter-dependence of business sector, government
policies and societal interface.

Session 1 Introduction to Business, Government and Society

Objective: 1. To identify the different inter-dependencies of business, government and

society.

2. To learn different ways in which business can manage external stakeholders.

Dahan, N. M., Doh, J. P., & Raelin, J. D. (2015). Pivoting the role of government in
Reading: the business and society interface: A stakeholder perspective. Journal of Business
ethics, 131, 665-680.https://www.jstor.org/stable/24703633

Steiner, G. A. (1991). Four models of BGS relationship. In G. A. Steiner, Business,

Government and Society: A managerial perspective (pp. 8-20). Maidenhead:
McGraw Hill.

Module II Business-Society Interactions: Resources and Relationships

Module Objective:
1. To analyze the role that businesses play in the society.
2. To critically evaluate the ideas of corporate philanthropy and the development of social
capital.
Session 2 Business and its Role in the Society

Objective: 1. To understand society’s expectations from business.

2. To become familiar with different perspectives on the social responsibility of
business and understand their relative emphases

Friedman, M. (2007). The social responsibility of business is to increase its profits. In

Reading: Corporate ethics and corporate governance (pp. 173-178). Berlin, Heidelberg:
springer berlin heidelberg.

Session 3 Social Capital

Objective: 1. To understand the challenges and possibilities of developing social capital.

2. To analyze the role that corporates can play in the development of social
capital at different levels.

Reading: Prusak, L., & Cohen, D. (2001). How to invest in social capital. Harvard business
review, 79(6), 86-97.
Session 4 Corporate Philanthropy

Objective: 1. To analyze the role of corporate philanthropy in a competitive market.

Reading: Porter, M. E., & Kramer, M. R. (2002). The competitive advantage of corporate
philanthropy. Harvard business review, 80(12), 56-68..

Module III BGS Interface in India: Structural Factors

Module Objective:
1. To understand the role of different government organs (Parliament, Executive and Judiciary)
in India.
2. To evaluate the increased involvement of business in politics.
Session 5 Democracy and Political Parties in India

Objective: 1. Discuss what democracy has meant for India and the key role played by
political parties.

Reading: Gowda R and Sridharan E, 2007. Political Parties in India. In Larry Diamond, Sumit
Ganguly and Marc Plattner (eds) State of India’s Democracy. John Hopkins
University Press

Jayal, N. G., & Mehta, P. B. (2010). The Oxford companion to politics in India.
Oxford University Press, 241-254.
Session 6 Business and Politics Relations in India

Objective: 1. Elaborate on how the engagement between business and politics has evolved
over the years.

Reading: Jayal, N. G., & Mehta, P. B. (2010). The Oxford companion to politics in India.
Oxford University Press. (pp. 459-476).

Wyatt, A., & Harriss, J. (2018). Business and Politics: The Tamil Nadu Puzzle. In
Business and Politics in India (pp. 234-259). Oxford University Press, New York.
Case:

Session 7 Parliament and Policy-making

Objective: 1. Describe the stages and constraints that go into the making of a public policy

Shankar, B. L., & Rodrigues, V. (2014). The Indian parliament: A democracy at

Reading: work. Oxford University Press.(pp. 70-104).

Session 8 Executive and the Regulatory Structure

Objective: 1. Highlight the distinctive functions performed by the executive and the
emerging role of regulators.

Reading: Rudolph, S. H., & Rudolph, L. I. (2002). New Dimensions of Indian Democracy. J.
Democracy.(pp 52-66).

Dubash, N. (2017). New regulatory institutions in infrastructure: From de-

politicization to creative politics. Rethinking Public Institutions in India; Kapur, D.,
Mehta, PB, Vaishnav, M., Eds, (pp 225-268).

Session 9 Judicial Intervention

Objective: 1. Discuss the landmark interventions made by the judiciary in public interest as
well as those of concern to business.
Reading:
Jayal, N. G., & Mehta, P. B. (2010). The Oxford companion to politics in India.
Oxford University Press. (pp.70-104)

Module IV Contemporary themes in BGS

Module Objective:
1. To elucidate and analyze the impact of contemporary concerns of globalization, Covid-19 and
Environment on the business-government-society relationship.

Session 10 and E-Business and E-Government

11

Objective: 1. To analyze and understand how technology has developed avenues for E-
Governance and E-Business.

Reading: Zebari, R. R., Zeebaree, S. R., Jacksi, K., & Shukur, H. M. (2019). E-business
requirements for flexibility and implementation enterprise system: A
review. International Journal of Scientific and Technology Research, 8(11), 655-660.

Bala, M., & Verma, D. (2018). Governance to good governance through e-

Governance: A critical review of concept, model, initiatives & challenges in
India. International Journal of Management, IT and Engineering, 8(10), 244-269.
Session 12 BGS and Globalization

Objective: 1. To explore the impact of globalization on the BGS relationship.

2. To analyze how BGS interacts and deals with the opportunities and
challenges in a globalized world.

Reading: Dodd, M. (2018). Globalization, pluralization, and erosion: The impact of shifting
societal expectations for advocacy and public good. The Journal of Public Interest
Communications, 2(2), 221-221.
Session 13 BGS and Covid-19

Objective: 1. To analyze the socio-economic impact of Covid-19.

2. To understand how BGS respond to a global pandemic.

Reading: He, H., & Harris, L. (2020). The impact of Covid-19 pandemic on corporate social
responsibility and marketing philosophy. Journal of business research, 116, 176-182.

Case: Kraft, T., Shah, J., Alagesan, S., & Handfield, R. A Perfect Storm: Examining the
Supply Chain for N95 Masks During Covid-19.

Session 14 BGS and Environment

Objective: 1. To analyze the new challenges that businesses face in the era of climate
change and ensuing government regulations.

Reading: Porter, M. E., Reinhardt, F. L., Schwartz, P., Esty, D. C., Hoffman, A. J., Schendler,
A., ... & Rendlen, B. (2007). Climate business| business climate. harvard business
review, 85(10), 21-44.

Module V BGS relationship in India: Contemporary Developments

Module Objective:
1. To understand how recent developments in GST, Demonetization, foreign policy and
agriculture sector interact and impact BGS.
Session 15 Crypto-currency

Objective: 1. To understand the impact of the crypto-currency on Indian market economy.

2. To analyze response of business and government with respect to crypto-
currency.

Reading: Chakravaram, V., Ratnakaram, S., Agasha, E., & Vihari, N. S. (2021).
Cryptocurrency: Threat or opportunity. In ICCCE 2020: Proceedings of the 3rd
International Conference on Communications and Cyber Physical Engineering (pp.
747-754). Springer Singapore.

Session 16 Artificial Intelligence

Objective: 1. To elucidate the impact of AI technology on BGS relationship.

2. To analyze the government initiatives that involves AI in India.

Marda, V. (2018). Artificial intelligence policy in India: a framework for engaging

Reading: the limits of data-driven decision-making. Philosophical Transactions of the Royal
Society A: Mathematical, Physical and Engineering Sciences, 376(2133), 20180087.

Session 17 India at the World Stage

Objective: 1. To explain the changing nature of India’s Foreign Policy.

2. To analyze the role of business in shaping India’s foreign policy.

Reading: Sridharan, E. (2017). Where is India headed? Possible future directions in Indian
foreign policy. International Affairs, 93(1), 51-68.

Kumar, R. (2016). Role of business in India’s foreign policy. India Review, 15(1), 98-
111.
Session 18 Agriculture Sector

Objective: 1. To explain and analyze the vital role that the private sector plays along with
the government to transform agricultural sector in India

Reading: Ferroni, M., & Zhou, Y. (2017). The private sector and India’s agricultural
transformation. Global Journal of Emerging Market Economies, 9(1-3), 28-37.

Module VI Wrapping Up

Module Objective:
1. To provide a summary of all the previous sessions and to discuss the future of BGS
relationship in contemporary era.
Session 19 and Group Assignment Presentations and Wrapping up the course
20
Objective: 1. To understand the evolving nature of BGS relationship along with assessing
the ability of students to identify the same in their group projects

Reading: None

Note:
Please indicate the changes made in the course outline based on the measurement of assurance of
learning (closing the loop)/qualitative feedback given by the students:
1.
2.
3.

Please indicate the changes made in the course outline based on the qualitative feedback given by the
students:
1.

2.

3.
Please give the details of the book if students need to buy the book

Author Title Publisher Edition Remarks, if any

Additional Readings

The following books are recommended for supplementary reading:

******