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BBA 1st Year Business Ethics Gandhian Philosophy of Wealth Management Short Question Answer

Gandhiji Iikd what Smith says about every economic transaction. People get in trouble when they say that most of their economic transactions are moral. That means there is something going on that is covert, hidden and secret. Peàple keep a hidden agenda, a secret life, and they justify and rationalize their activities. They tell themselves rational lies so that they don’t have to adhere to the natural laws. If you can get enough rationalization in a society, you can have social moves or political wills that are totally divorced from natural laws and principles.

Once there was a man who for his five years served as the “ethics director” for a major aerospace company. He finally resigned the post in protest and considered leaving the company, even though he would lose a big salary and benefit package. He said that the executive team had their own separate set of business ethics and that they were deep into rationalization and justification. Wealth and power were big on their agendas, and they made no excuse for it anymore. They were separated from reality even exclusive to their own organization. They talked about serving the customer while absolutely holdup their own employees.

Q.7. Write a short note on “science without humanity”.

Ans. Science without Humanity: If science becomes all technique and technology, it quickly fasters man against humanity. Technologies come from the paradigms of science. And if there’s very little understanding of the higher human purposes that the technology is striving to serve, we become sufferers of our own technocracy. We see otherwise highly educated people climbing the scientific ladder of success, even though it is often missing the rung called humanity and leaning against the wrong wall


The majority of the scientists who had ever lived or are living today, have brought about a scientific and technological explosion in the world. But if all they do is lay over technology on the similar old difficulties, nothing basic changes. We may see a development, an occasional “revolution” in science, but without humanity we see precious but little real human development. All the old discriminations and injustices are still with us.

The only thing that hasn’t evolved are these natural laws and principles – the true north on the compass. Science and technology have changed the face of almost everything else but the fundamental things still apply in their old form, as time goes by.

Q.8. What do you mean by religion without sacrifice?

Ans. Religion Without Sacrifice : Without sacrifice we may become active in a church but remain inactive in its gospel. In other words, we go for the social facade of religion and the devotion of religious practices. There is no real walking with people or going the second mile or trying to deal with our social problems that may eventually undo our economic system. It takes sacrifice to serve the needs of other people – the sacrifice of our own pride and prejudice, among other things.
If a church or religion is seen as just another hierarchical system, its members won’t have a logic of service or inner devotion, Instead, they will be into apparent observations and all the visible accoutrements of religion. But they are neither God-centered nor principle-centered.

The principles of three of the Seven Habits pertain to how we deal with other people, how we serve them, how we sacrifice for them, how we contribute to them. Habits 4, 5 and 6 – win-win interdependency, responsiveness, and synergy – require tremendous sacrifice. I’ve come to believe that they require a broken heart and an ashamed soul – and that, for some, is the ultimate victim. For example, I once observed a marriage where there were frequent arguments. One thought came to Gandhiji “These two people must have a broken heart and a contrite spirit toward each other or this union will never last.” You can’t have a oneness, a unity, without humility. Pride and selfishness will destroy the union between man and God, between man add woman, between man and man, between self and self..

The great service leaders have that humility, the hallmark of inner religion. Few CEOs who are modest domestic leaders – who sacrifice their pride and share their power – and I can say that their influence both inside and outside their companies is multiplied because of it. Miserably, many people want “religion,” or at least the appearance of it, without any sacrifice. They want more spirituality but would never miss a meal in meaningful fasting or do one act of unidentified service to achieve it.

Q.9. Write a short note on “politics without principle”.

Ans. Politics Without Principle: If there is no principle, there is no true pole, nothing you can depend upon. The attention on the character ethic is the direct beginning of an image that sells well in the social and economic nurketplace.
You see politicians spending miPiis ctr!F” to create an image, even though it is artificial, missing true substance, in order to get votes and gain office. And when it works, it leads to a political system operating independently of the natural laws that should govern – – that are built into the Announcement of Independence: “We hold these Truths to be self-evident, that all Men are created

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