Business Ethics And Spiritual Values

The concept of business ethics denotes what is right or wrong in the workplace and doing what’s right.

- Ayantika Halder

Attention to business ethics is critical during times of fundamental change. In such times, values that were previously taken for granted are strongly questioned. Previously, there were no ethical rules that could guide leaders during complex dilemmas about what is right or wrong. Attention to ethics in the workplace sensitises leaders and staff on how they should act. A company’s success does not only depend on its financial statements. Organisational culture, management philosophy and ethics in business each have an impact on how well a business performs in the long term. Thus business ethics is one of the crucial aspects in the growth of the organisation.