 from Valachan Institute of Technology, Sholapur. In today's session, we will discuss about social responsibility and ethics related aspects in management. At the end of this session, viewers are expected to understand the concept of social responsibilities of the management and ethics in management. Talking about social responsibility, here management of any organization be it manufacturing or service sector, these management people, these organizations, they have certain responsibilities towards the society wherein they are working. Then these social responsibilities are sort of obligatory to the organizations. They have to in reciprocal give something to the society. Third point, it may be taken to mean, it is very clearly said, intelligent as well as objective concern. These two things are mentioned here. What for? For the welfare of the stakeholders from the society wherein your organization is working. These things are very important. At this point of time, I expect you people to think of different domains for social responsibility for the management. Let us talk about these varieties of domains compiled in certain way. There can be different domains beyond what is put up here. One domain put up here is ecology and the environmental quality. Nowadays, as you all know, pollution has been the buzzword across the world and carbon footprint, you must have heard of what types of different gases are being put up as pollutants to the environment by the organization. So, these are things are very important and people have been very cautious. The sustainability issues have been very rightly addressed nowadays by many organizations. So that is one domain wherein industries can contribute as a part of their social responsibilities and as many organizations, they do go into plantation of lots of thousands of trees. You will find some organizations who have planted almost like they have created forests, you can say in certain acres of lands and that is what is one way they can look into contributing to the social responsibility. Second way we can think of towards the consumption that is true and fair business dealings, that is what are the products are being put up by the company, they must be genuine one and companies must offer certain warranties and services must also be rendered like after sales service kinds of things companies must offer properly. So that is also nowadays the part of really contributing in a positive sense towards the society, then comes up as the community needs like you can say provide the expert service for some local issues, locally certain organizations maybe you can take the example of mining industry. For mining industries locally some issues are there as a part of social responsibility companies can address those issues, health care related, health check up camps, maybe education related programs, this is one domain where an industries can contribute towards the society. Next one is government and labor relation, now here you can think of restricting on a lobbying is a very vital issue and political intervention and positively staying away from that in view of betterment of the society are some delicate issues but they can be handled by organizations as well as providing flexible working time in recent times during pandemic as you all must be knowing many organizations have been recommending their employees particularly in software organizations they are going into hybrid mode like offline working partly as well as partly people still can work from home. So if such flexibilities are being offered for the working time then these people have found it as quite workable and results have been very fruitful so people prefer that also. Next one in this is shareholders relations, now here what is expected by the shareholders what are their interests even that can be thought as one of the domains in contributing towards the society. Coming to the ethics part of management basically the word ethics has come up from the Greek word ethos which actually includes many more aspects together like character like beliefs like community or the people and many more things are being put together as the meaning of the word ethos in as a Greek word and if we just try to look into the definition given by waysters ethics is basically nothing but the discipline one has to be disciplined while dealing with what like dealing with which is good and bad now good and bad is a relative term no doubt but still there can be consensus on what can be really said as a good in view of the society and as ethical concern and what can be said as bad and of course with moral their moral duty as well as obligatory aspects. One industry I can tell you is the Tata group I heard like they are not manufacturing any tobacco related products so that is their ethical concern towards the society and even they are not into alcohol related products manufacturing. So that is their concern and can be said as the ethical aspects of that particular industry so similar to this different organizations can have different ethical issues now here I am giving you some examples to understand what really means with the ethics as some examples are given here. So first point is give fair and equitable treatment to all of your employees and you know like some favoritism kind of a thing some recommendation kind of thing and some illegal aspects towards some employees favoritism and other like if you do not have that thing then you can be said yeah I mean you are into ethical aspects give fair have fair relationship fair treatment to all employees. Second example here is these are some examples of course you can have many more beyond the ones listed here just to understand what is really ethics some examples I have listed here. Second is you know like if you are using weighing machine then the weight 1 kg weighing machine you will find you know people cheat sometimes actually if we compare with the standard weights then the 1 kg weight used in the market by some people it does not really contribute to 1 kg that might be 900 grams or 950 grams so 50 grams to 100 grams if you talk then in percentage it comes out to be 5 percent or 10 percent so that is not ethical. Third example is charging fair prices from the customer with a reasonable profit you know like something you manufacture at 10 rupees and charge 1000 rupees cannot be said as ethical next can take is to pay due taxes to government and other bodies GST or earlier we had VAT and octra whatever in early periods paying all the due taxes to the government and the concern authorities again is a part of being ethical then to provide good working conditions nowadays even in CNC machines robotics and such things sometimes you know computers and such digital equipments they do need AC and all that on a very extreme side I am saying so likewise the working conditions must be conducive then to minimize the environmental degradation we have said the sustainability and sustainable development goals UN has declared certain 17 goals towards this so industries can address those things to be well with the environmental you know protection then to avoid or to minimize the corruption related to things UN is can be a part of your ethical aspects so these are the some reference books beyond which you can even refer lot of material from internet also thank you.