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              The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

              The Invention of the Shopping Cart and Its Psychological Impact on Consumer Behaviour

              Organizational structures  shape company’s value creation

              Organizational structures  shape company’s value creation

              What is Asset Specificity?

              What is Asset Specificity?

              Do you know who Owns Corporations?

              Do you know who Owns Corporations?

              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

              What are Treasury Bills?

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              “It all Starts with Nescafe”

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                Educational Leaders who fought for women’s education did not seek validations from society

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                Experiential learning is the future

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                How to write an appropriate title 

                How to write an appropriate title 

                Can India regain the title of Vishwaguru?

                Can India regain the title of Vishwaguru?

                What are the problems faced in online lectures?

                What impact can Knowledge have on Society?

                A Big Salute all our teachers!!!

                What is Triple Helix Model for innovation?

                Where in the world teachers are most respected?

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                  Importance of Citation in Research

                  What is Autoethnography style of PhD

                  Can scholarly articles/papers from blogs be cited in research work?

                  The complete guide on how to select the right PhD topic

                  All you wanted to know out how a PhD thesis is assessed?

                  Mixed Method Research is Most Suitable

                  What is the difference between economic bubble and economic boom?

                  How to write a Research Paper?

                  Case Study is one of vital type of research

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                    American Hegemony is at critical juncture 

                    American Hegemony is at critical juncture 

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Impact of the Thucydides Trap and Clash of Civilization  on International Businesses

                    Launch of my book  titled “International Business”

                    Launch of my book titled “International Business”

                    Gift City is becoming India’s Capital Gateway

                    Gift City is becoming India’s Capital Gateway

                    The science of Psephology

                    The science of Psephology

                    What is the Future of BRICS Currency?

                    What is the Future of BRICS Currency?

                    Ram Mandir tableau graced the 75th Republic Day of India

                    Ram Mandir tableau graced the 75th Republic Day of India

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                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      Guiding 35 PhDs: A Journey of Mentorship, Transformation and Academic Fulfilment

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      The Story Behind the song “Khoya Khoya Chand” from Film Kala Bazar

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      Arrival of my new book on Faith Economy co-authored by Dr. Shilpa Shinde

                      The story behind the Swedish word Lagom which means Just Enough

                      The story behind the Swedish word Lagom which means Just Enough

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Lasting friendship between R.K.Narayan and Graham Green that shaped the famous film novel ‘The Guide’

                      Mumbai’s Historic Single Cinema Screen Maintains Brand Loyalty of Marathi Cinema Viewers 

                      Why Memories are a fuel of our life

                      Why Memories are a fuel of our life

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                      How is Ethics and morality interwoven?

                      Dr Vidya Hattangadi by Dr Vidya Hattangadi
                      September 26, 2022
                      in General Management, Management
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                      Ethics and morality are foundations of human society. Individuals, government, and organizations make decisions in line with the interests and values of the society. Ethics and morality set up path for excellence and they limit wrong doing in society in a world which is in true sense interdependent. Societies, nations and people must necessarily follow ethical behaviour. Ethics refer to rules provided by an external source, e.g., codes of conduct made by government, organizations, school and college etc. whereas morals refer to an individual’s own principles regarding right and wrong.

                      For example, nuclear ethics is a cross-disciplinary field of academic and policy-relevant study in which the problems associated with nuclear warfare, nuclear deterrence, nuclear arms control, nuclear disarmament, or nuclear energy are examined through one or more ethical or moral theories or frameworks. It is moral duty of every nation to safeguard their nuclear arsenal and fissile material from the reach of terrorists for the security and safety of others as well as their own, because they are responsible for climate change, destruction of mankind and ecology of planet.

                      Another example for moral behaviours: If we want to save our planet from the worst effect of climate change, we need to get our greenhouse gas emissions to zero by 2070: a target that requires immediate and drastic action, but, our indestructible addiction to fossil fuels makes this goal seem more and more unreachable. Can we make some stringent laws to drastically reduce the usage of fissile fuels? This is a moral issue. Moral reasoning is a thinking process with the objective of determining whether an idea is right or wrong. To know whether something is “right” or “wrong” one must first know what that something is intended to accomplish.

                      David Hume (April 1711 –  August 1776)  was a  Scottish Philosopher, historian, economist and author, who is best known even today for his highly significant system of philosophical empiricism, scepticism and naturalism. David Hume worked very hard to create a total naturalistic science of man that examined the psychological basis of human nature against philosophical rationalism. Hume believed that passion rather than reason governs human behaviour. He said that genuine knowledge must either be directly traceable to objects perceived in experience, or result from abstract reasoning.  There is a relationship between ideas which are derived from experience, he called the rest “nothing but literalism and illusion”, a dichotomy (a division or contrast between two things that are or are represented as being opposed or entirely different) which later was given the name of Hume’s Fork.

                      Hume’s fork shows us that we can have only two forms of lawful knowledge; relations of ideas and matters of facts. Matters of fact are source of substantive knowledge, facts that can tell us something new about the world. Knowledge in matters of fact is also a subsequent knowledge that is gained after experience and synthetic knowledge is something new about the world.

                      Our feelings or sentiments produce our actions, so much so that present actions resemble the past actions. We therefore can conclude that human actions depend on their beliefs which are in customary associations with human feelings. Clearly, rationality has no place in the account of morality. Being rational means acting wisely and efficiently to choose the appropriate means to advance one’s goals. Even though reasoning depends upon ideas and matters of fact, its most dramatic outcomes may come of out of feelings. All human actions flow naturally from human feelings, without any interference from human reason.

                      In major parts of the world, caste hierarchy is one of the oldest forms of social stratification. Deep down, the biggest features of casts is its ability to render a rigid and invasive hierarchical system of inclusion and exclusion. Whether it is India or America, people have not been able to get rid of the caste system. The caste system is based on deep feelings of people with an outcome of prejudice, stereotyping and pigeonhole mentality. Our emotional and intellectual mechanisms work together and sustain each other. Sometimes they cannot be separated at all. Rationality and empiricism (knowledge is based on experience) do not go hand in hand. Only ideas cannot be used to prove matters of fact; like it is pointless to prove existence of God.

                      We are experiencing progress in society because of some good institutions that have contributed to the quality of human life, scientific research, development in arts art, and education. Progressive businesses have given a lot to society because they have broken down myriad centuries-old barriers of racial, sexual, religious, and ethnic prejudice. And they have been the vehicle for countless numbers of individuals to develop their fullest potentials in achieving their dreams.  In short, some business organizations have been prime movers in making it possible for millions to pursue their lives in a wealthy, healthy, rational and exciting world. Good organization is built upon ethical business practices.

                      Corporate Governance which is offshoot of Business Ethics is based on the foundation that companies should engage in fair dealing with all of their stakeholders who are customers, employees, suppliers, and communities, as well as shareholders. Companies must engage in accordance with the expectations of the larger society in which they operate. An organization exists on its purpose in society. And an organization which exists on a shareholder-centric model also recognizes that it owes a lot to society, therefore, must minimize its negative externalities such as pollution and destruction of ecology.

                      And finally, for all individuals and organizations integrity is a choice, which depends to a large extent on culture, upbringing, peer influences, etc. it can’t be forced.  One who has strong and well-defined standards of integrity behaves with wholeness, integration, honesty, and does right by him and by others.

                      We see countless professionals giving up their integrity and morals for the sake of money and money is a big addiction. Wealthy people get imprisoned into their lifestyle and their need to impress the world.  It’s sad that people forget to create their legacy.

                      What is your legacy? It’s what you will be able to say about yourself when you’re old and look back at life. It’s about what you have stood for, given to the society, taught, imparted, and left behind. It’s not what you dreamed of being, but what you have been.  It’s not a dress rehearsal, but the reality of what you have left behind. Many professionals forget that they have this one chance to build a life that’s meaningful for them.  It’s sad that people compromise their legacy for a futile greed to grasp success, money, accolades and power.

                      Tags: Business EthicsDavid HumeDr. Vidya HattangadiecologyethicsHume’s forkLegacy.MoralityNuclear Ethics
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                      Dr Vidya Hattangadi

                      Dr. Vidya Hattangadi is an accomplished academician, researcher, and thought leader with over four decades of combined experience 20 years in managerial roles in industry and 24 years in management education. She holds a PhD in Marketing Management from Savitribai Phule Pune University and a D.Litt. from the University of Mumbai for her post-doctoral published work. She is a prolific writer and blogger, Dr. Hattangadi runs the widely read blog www.drvidyahattangadi.com, which enjoys strong organic traffic and engages readers across a broad spectrum of subjects, including management, leadership, psychology, social trends, music, current affairs, and politics and psychology. Her blog is 12 years old. Her experience of combining knowledge of industry work with an academic background creates a powerful, "pracademic" profile that bridges the gap between theoretical knowledge and practical application. This hybrid approach has made her a powerful Professor in the classrooms and she has produced graduates who are not just knowledgeable, but industry-ready. She worked for Maratha Mandir’s Babasaheb Gawde Institute of Management Studies as Director, Research Head and Professor. She has written a fortnightly column for The Financial Express from 2017 to 2021 and has contributed extensively to leading publications such as The Hindu, Free Press Journal, and The Economic Times. Her articles are known for their analytical depth, clarity, and relevance to contemporary issues. Dr. Hattangadi has successfully guided 35 PhD scholars in Management Studies across institutions such as the University of Mumbai, SNDT Women’s University, and Yashwantrao Chavan Maharashtra Open University (YCMOU) and Guglielmo Unimarconi Italian University. Currently, she is working on her YouTube channel "Vidya's Vidya" mentoring doctoral researchers in the areas of Finance, Strategic Management, Organizational Behaviour, Human Resource Management, and Marketing Management. She is an accomplished author, she has written books on Strategic Management, Buyer Behaviour, International Business and Entrepreneurship Management, Faith Economy, contributed chapters to four edited volumes of books, and published over 350 research papers in national and international journals. Her scholarly work has strong visibility and impact, reflected in her robust presence on Google Scholar, Research Gate, Vidwan etc. Her research in all fields of management studies is truly ground-breaking. The rigor and depth of her knowledge have set a new standard in our field of management studies.

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