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The Art of Living founder Sri Sri Ravi Shankar said it's necessary to create visible role models of those engaging in ethical business and still making a profit, thus demonstrating how ethics can become an important competitive advantage.
"We have seen many dotcoms and Satyams going the unethical way and crashing down. It has become a lesson to our young people. But it's appalling to see how smartness got linked to unethical ways of doing business. When I was talking to young business people, entrepreneurs thought ethics is something naive. They felt if you want to be successful, you need to be smart. We need to showcase to the world those doing ethical business," said Sri Sri Ravi Shankar.
He was speaking at the Corporate Culture and Spirituality conference organized by The Art of Living in association with the World Forum for Ethics in Business in Bengaluru on Saturday.
Ravi Shankar said ethical behaviour makes good business sense. "It's smart to be ethical and service-oriented. One thing with ethics is you can have a good sleep and smile from your heart."
Governor Vajubhai Rudabhai Vala, Juan Carlos Losada, youngest member of Parliament, Columbia, South African high commissioner to India F K Morule, Daljit Singh, president of Fortis Healthcare, Soumitra Bhattacharya, joint MD of Bosch India, and other corporate bigwigs participated in the event.
Losada said following ethics in business not only increases profits, but also weans youth away from violence.
Source: TOI
"We have seen many dotcoms and Satyams going the unethical way and crashing down. It has become a lesson to our young people. But it's appalling to see how smartness got linked to unethical ways of doing business. When I was talking to young business people, entrepreneurs thought ethics is something naive. They felt if you want to be successful, you need to be smart. We need to showcase to the world those doing ethical business," said Sri Sri Ravi Shankar.
He was speaking at the Corporate Culture and Spirituality conference organized by The Art of Living in association with the World Forum for Ethics in Business in Bengaluru on Saturday.
Ravi Shankar said ethical behaviour makes good business sense. "It's smart to be ethical and service-oriented. One thing with ethics is you can have a good sleep and smile from your heart."
Governor Vajubhai Rudabhai Vala, Juan Carlos Losada, youngest member of Parliament, Columbia, South African high commissioner to India F K Morule, Daljit Singh, president of Fortis Healthcare, Soumitra Bhattacharya, joint MD of Bosch India, and other corporate bigwigs participated in the event.
Losada said following ethics in business not only increases profits, but also weans youth away from violence.
Source: TOI
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