The Thirukkural promotes a spirit-centered, conscious approach to business ethics that is founded on timeless moral precepts and ideals that ought to guide the behavior of corporate executives. What are the ethical challenges that modern corporations face? How would Thirukkural’s teachings help us resolve them? (Answer in 150 words)
Thirukkural presents a guiding principle for ethical business practices and effective business leadership in organizations. It advocates a conscious and a spirit-centred approach to the subject of business ethics based on eternal values and moral principles, which can help in addressing the ethical issues faced by businesses in contemporary times.
Various ethical issues being faced by businesses in contemporary times are:
Considering these issues, the teachings of Thiruvalluvar in his epic Thirukkural play a key role in resolving them as highlighted below:
Ethical business practices are crucial to overall society’s well-being and good ethical behaviour of the leaders, as advocated by the teachings of Thirukkural. They must be encouraged and given emphasis by the business organizations for an ethical and sustainable corporate governance.