What are Indian ethical values?

Ethical values are those values that determine what is right and wrong in different situations. Institutional ethical values like integrity, transparency, accountability, impartiality, public welfare and equity are guiding principles of the Indian Constitution.

Why ethics is more important than values?

Ethics are consistent, whereas values are different for different persons, i.e. what is important for one person, may not be important for another person. Values tell us what we want to do or achieve in our life, whereas ethics helps us in deciding what is morally correct or incorrect, in the given situation.

What are good ethical values?

At the IBE, we differentiate between ethical values (such as honesty, fairness, integrity, trustworthiness, respect) and business values (such as innovation, value-for-money, customer-focus).

What is ethical value explain?

Ethical value denotes something’s degree of importance, with the aim of determining what action or life is best to do, or at least attempt to describe the value of different actions. The study of ethical value is also included in value theory.

Why is ethics important in India?

In every religious tradition, good moral conduct is considered essential for a happy and contented life. Without following the path of righteousness no one can attain supreme goal (mokṣa) of life. For this one has to perform good deeds and avoid wrong-doing. India has a very ancient history of thinking about ethics.

What are the business ethics in India?

Business ethics in India is comparable to that of China. Since centuries the ethical values in general and business/trade ethics as well have been covered with examples in various epics like ‘Ramayana’, ‘Mahabharata’ and various other prose and poetry writings of saints and scholars.

How are ethics different from values?

Ethics is a branch of philosophy that “involves systematizing, defending and recommending concepts of right and wrong behaviour. Values tend to influence attitudes and behaviour. Values reflect a person’s sense of right and wrong.

Why is ethics not a matter of personal opinion and feeling?

“Ethics consists of the standards of behavior our society accepts.” But being ethical is clearly not a matter of following one’s feelings. A person following his or her feelings may recoil from doing what is right. In fact, feelings frequently deviate from what is ethical.

What is meant by good values?

good valueadjective. Friendly; easy-going.