A Study on Ethics and Professional Values in Public and Private Sector Steel Industries

International Conference in Economics, Business Management and Marketing (EBMM 2009) Singapore, October 9-11, 2009

8 Pages Posted: 17 Jan 2010 Last revised: 8 Feb 2010

See all articles by Prasanta Kumar Padhy

Prasanta Kumar Padhy

Berhampur University, India

Ganesh Prasad Das

Siksha O Anusandhan University (SOA) - Institute of Business and Computer Studies (IBCS)

Date Written: January 11, 2010

Abstract

The process of globalization, privatization and liberalization has involved the movement of physical capital, financial capital, technology and people across borders. As a result Indian organizations are experiencing both transformational and transactional changes. There are certain observed differences between the managerial ethics and values of the public and private sector industries in India, which seem to be mainly due to the corresponding difference in their vision, mission and ownership. Besides maintaining ethically standards, organizations do focus on developing professional values. There is an impending need, therefore, to bring in an alignment between core values and common practices of an industry that aims at better financial results. Unless values are prioritized, one has nothing but situational ethics where anything goes. Accordingly, ethical behavior and professional values of different age groups, income groups along with their experience on the job might also differ in both these sectors. The sectarian defenses adopted by these organizations might be reflected in different facets of ethics as well as in professional values. Further, the relationships of these demographic and organizational variables in the dimension of ethics and professional values could influence organizational development and effectiveness. The present study has made an attempt to generate certain opportunities for widening the scope and direction for future studies in this field. It is a comparative study mainly based on the ethics and professional values of employees of public and private sector steel industry in India. Future research could be directed towards redefining business ethics in the corporate sector. It was also hypothesized that there will be a positive correlation between ethics and values in both private and public sector organization. The findings of the study lend support to all these hypotheses. Sectoral differences are observed in both ethics and professional values and most of the demographic variables also contributed to these differences.

Keywords: Ethics, Values, Employee Perception

Suggested Citation

Padhy, Prasanta Kumar and Das, Ganesh Prasad, A Study on Ethics and Professional Values in Public and Private Sector Steel Industries (January 11, 2010). International Conference in Economics, Business Management and Marketing (EBMM 2009) Singapore, October 9-11, 2009, Available at SSRN: https://ssrn.com/abstract=1534656

Prasanta Kumar Padhy (Contact Author)

Berhampur University, India ( email )

Berhampur, Orissa 760007
India
+919437011997 (Phone)
+916802242555 (Fax)

Ganesh Prasad Das

Siksha O Anusandhan University (SOA) - Institute of Business and Computer Studies (IBCS) ( email )

Bhubaneswar
India

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