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Importance of Jain Values in Shaping Business Ethics

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Importance of Jain Values in Shaping Business Ethics © 2021 JETIR May 2021, Volume 8, Issue 5 www.jetir.org (ISSN-2349-5162) Importance of Jain values in Shaping Business ethics Dr Apurba Nanda Mazumdar and Research Scholar Julie Jain Department of Business administration, Assam university Right Faith; Right -Knowledge and Right Conduct, Code of Conducts as in Svetambara Yoga Sastra. Abstract Introduction Jainism is a religion with core scientific base and ethical practices. Religious practice of An extensive review of literature has the Jain values in day-to-day curriculum can unfolded many untold facts. Shah’s (2007) work effectively build a strong business ethical on Jain Business Ethics gave a motivational factor structure. The twelve vows (anuvrats) -Non- for pursuing this research. The focus of this paper violence; Truthfulness; Chasity; Non-stealing; is on a particular area and part i.e., religious value Non-possessiveness; Limitation of directional of Jains community. The paper highlights how till movement; Limitation of areal movement; today this community could manage to carry Avoidable activities; Equanimity; Specific forward their business legacy. This paper also fasting; Limiting consumables and non- critically examines the present scenario of the consumables and Hospitality, plays an important community and the impact of westernization and role in shaping Right values- Right Faith; Right - ignorance of the ancient values.The world Knowledge and Right Conduct. Performing economic order is changing rapidly due to the commercial activities in right ways can build an advancement of science and technology. Due to ethical work culture leading to a corruption free the process of globalisation and technological business activity, which will ultimately lead to a explosion, business round the globe is facing healthy, wealthy, and wise nation. global challenges of survival, change, and competition. The present world is faced with Keywords many urgent problems-political, economic, educational, social, and cultural due to Jainism, Business ethics, twelve vows- deterioration of values. Also, the world-wide Non- violence, Chasity; Non-stealing, Non- clamour for ensuring ethical business practices in possessiveness; Limitation of directional the post melt down phase must not escape our movement; Limitation of areal movement; attention while the relevance of values from the Avoidable activities; Equanimity; Specific viewpoint of sustainable growth of business can fasting; Limiting consumables and non- hardly be debated upon, “the question by and consumables and Hospitality; three-fold path- JETIR2105908 Journal of Emerging Technologies and Innovative Research (JETIR) www.jetir.org g835 © 2021 JETIR May 2021, Volume 8, Issue 5 www.jetir.org (ISSN-2349-5162) large has remained unanswered is…Where from Religion, for most people serves as an the value would come?” important value-source. A person’s perception or sense of what is right or what action is appropriate Values are aspirational moral principles is often shaped by the religious doctrines or belief guiding conduct. Values extend deeper and that he or she holds. Religious scriptures and further than conducts, making up the unseen, established norms play a decisive role in shaping unspoken foundation that supports the entire the values of most individual. Nonetheless, there structure of the organization. Values have a are other sources of values (like parental cognitive dimension-human values, universal upbringing, peer’s influence or education) that values, social values, moral values, educational also have their role in guiding or prompting values, religious values. Followers of Jain human action and behaviour. Among all these philosophy practice five vows in their life per the values, a question arises as “how much weight is choice (of limitations) of the practitioner. A to be assigned to religion as a value- sources, vis- layperson follows these vows patially, the vows à-vis other sources?”. are -अह सा िंं (Non- violence),सत्य(Truthfulness),अचौयय(Non- The question assumes added significance as in many cases, it is found that practiced or stealing),ब्रह्मचयय (Chastity),पररग्र applied value-set of a person are not in पररमाण(Limited non-possessiveness). Absolute consonance with the religious dictates. The level of these vows is observed by saints and nuns dissonance is obvious particularly in the domain in Jain sects. Limited level of these vows of business on issues like pricing, promotional observed by a common household person is the practices, employee-welfare, or tax- related issues focus of our study.If this micro system of a Jain and the like. This further give rise to another layperson’s life style is adopted by the mankind at question, “Are we, driven by pragmatism macro level then the whole world may achieve the adopting a piecemeal approach to value (thereby target of an economy of satisfied consumers separating business values from human or through the path of managerial excellence.Some religious values) or should value be a holistic may object that अपररग्रह(the concept of non- framework. The need for the re-exploration of the possessiveness) may stop the growth of role of religion as a value-sources arises only in businesses as it may bring the level of buying the given context that provide the backdrop of the motivation down.While on the contrary non- study. possessiveness will make the economy produce useful products and services only.Modern Business values business strategies are working towards In management business values is an consumerism which is giving birth to an unrest in informal term that includes all forms of values the society that determines the heath and wealth of the firm in the long run. Business values determines the general principles of appropriate conduct for a JETIR2105908 Journal of Emerging Technologies and Innovative Research (JETIR) www.jetir.org g836 © 2021 JETIR May 2021, Volume 8, Issue 5 www.jetir.org (ISSN-2349-5162) firm or business entity that enables them to do Knowledge-analysis, information, insight what is right for the society, customer, supplier, and research (Samyag jnaana) channel partner and other entities related to the Conduct-following the value system and business. impressing others of the value system (Samyag Religious values charitra) Religious values are ethical principles Ahimsa means non-violence, founded in religious, tradition text and beliefs. something that is common in most Religious values are based on scriptures and faith traditions. However, for religion’s established norms. Religious values Jains, Ahimsa starts from the define what people expect of themselves and of mind, and the non-violence has to others based on the beliefs common to the be lived in thought, word and religions they practice. Such values represent the deed. core principles that guide daily decision making. Asateya & Satya encourages Jains They help people determine which actions to take, to be truthful and honest in their and to make judgments about right or wrong and actions, and not steal that, which good or bad. The world’s most practiced religions belongs to others. Integrity and often have similar values, although variations sincerity are very critical to their exist in the way some values are prioritized over conduct and character. Often their others. business philosophy is win-win rather than win-lose. Jain values The principle of Aparigraha Jain values are not different from human explains that possessiveness and values, but they contain a quit different set of materialism are the root causes of values which are not found in other religions. human bondage and prevent us Right from its inception Jainism has built up some from realizing true spiritual principles of conduct for aligning their activities freedom and liberation. In fact, in proper way. These principles are based on what greed is seen by Jains as a form of is right and ought to be done and what is wrong violence, as its nature is for the well-being of all. exploitative. Although, the Jains are less than 1% of India’s The three jewels of Jains are Right faith, population, they are known to give Right knowledge, and Right conduct. These three more than 50% of all charitable jewels are stated in Tattvartha Sutra, one of oldest donations in India. For them, scared texts of Jainism. business is an occupation, not a Faith –value system and proper perception pre-occupation, and charity is a (Samyag darsana) natural outlet for business success. JETIR2105908 Journal of Emerging Technologies and Innovative Research (JETIR) www.jetir.org g837 © 2021 JETIR May 2021, Volume 8, Issue 5 www.jetir.org (ISSN-2349-5162) ‘Limitation of directional and beings living in the society science which judges areal movement’ means restriction this conduct to be right or wrong, good or bad etc. in unnecessary movement. The When the term business is attached to it, the two motto of these vows is to reduce terms collectively stand for right and wrongs of the possibilities of committing the businesses. Hence, we can say that Business violence, thereby preventing any ethics define code of conduct of human beings injuries to living being. operating the business in an economy. According The other vows, equanimity, to S. Shyama Prasad, “The purpose of business is specific fasting, limiting not simply to go on amassing wealth endlessly. consumables and non- Albeit profit making or wealth maximisation is a consumables and hospitality are goal of every business but, it is not the end. educative in nature. These vows Money is the means to achieve
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