A study on the role of ethics and Spirituality in Corporates

Abstract

The purpose of this essay is to analyse a novel strategy for doing business that aims to break down conceptual boundaries between moral behaviour and the pursuit of wealth. It does this via the use of spiritual awareness and techniques like meditation in addition to more conventional concerns like worker's rights and environmental challenges. Design, methodology, and approach – The paper conducts a thorough analysis of companies, mostly multinational but also some small and medium-sized, that are starting to adopt holistic approaches to their workforce, their relationships with the larger human community, and their relationships with the environment. It also looks at the rising corpus of research on holistic business practises and how management is being affected by it. Although it is most pronounced in North America, this influence is starting to gain ground in Europe. Findings - This research shows that a range of organisations are discovering that adopting ethical principles tends to boost profitability rather than reduce it. They have also shown that "spiritual" or holistic approaches to social and environmental responsibilities are more effective than conventional political efforts. These methods also help to promote business brand and employee loyalty. Originality/value - A review of a novel strategy for doing business.