Sikhism and Managerial Ethics MEHH-23-2 XLRI Jamshedpur Submitted By:Karanbir Singh (H23082), Student, XLRI Jamshedpur, Human Resource Management Program. https://orcid.org/0009-0006-6925-799X Thesis statement: By following the ethical principles of Sikhism, managers can create a more ethical and humane workplace that is beneficial for both employees and the organization. Abstract Managerial ethics is a complex and evolving field, but it can be informed by ancient writings and religious teachings. Sikhism, a relatively new religion, offers valuable guidance on managerial ethics. Sikhism teaches that managers should create a more equitable and inclusive workplace, promote sustainable and environmentally friendly business practices, develop honest and ethical marketing campaigns, and make ethical and responsible financial decisions. In addition, Sikhism emphasizes the importance of sewa (selfless service) and vand chakna (sharing one's blessings with others). By following these ethical principles, managers can create a more positive and productive work environment for everyone. Keywords: : investment, ethics, business, labour, Sikhism. Literature Review Ethics in Business Ethics is the study of right and wrong, and it plays an important role in all aspects of life, including business. Ethical business practices are those that are fair, honest, and respectful of all stakeholders, including employees, customers, shareholders, and the community. There are a number of benefits to ethical business practices. For example, ethical businesses are more likely to attract and retain top talent, have higher customer satisfaction, and experience stronger financial performance. Ethical businesses are also less likely to face legal and regulatory challenges. Important Factors in Ethical Business The literature on ethics in business identifies a number of important factors, including: • Honesty, fairness, and respect for others: These are core ethical values that should guide all business interactions. Managers can demonstrate these values by being honest and transparent in their dealings with employees, customers, and other stakeholders. They should also treat everyone with respect, regardless of their position or background. • Compliance with the law: Businesses have a legal obligation to comply with all applicable laws and regulations. This includes laws and regulations related to employment, environmental protection, and consumer safety. • Accountability: Businesses should be accountable for their actions and the impact they have on their employees, customers, and the community. This means being willing to take responsibility for mistakes and making amends when necessary. In addition to these general factors, there are a number of specific ethical issues that businesses may face, such as: • Discrimination: Businesses should strive to create an inclusive environment that respects diversity. Discrimination against employees, customers, or other stakeholders on the basis of race, gender, religion, age, or other protected characteristics is not only unethical but also illegal in many jurisdictions. Companies should have clear policies and training programs to prevent discrimination and promote diversity. • Environmental Protection: Businesses have a responsibility to minimize their environmental impact. This includes reducing waste, conserving energy, and using sustainable materials whenever possible. Companies should also consider the environmental impact of their supply chains and strive to work with suppliers who share their commitment to environmental protection. • Consumer Protection: Businesses should prioritize the safety and satisfaction of their customers. This includes avoiding misleading or deceptive marketing practices and ensuring that products and services are safe, reliable, and meet the standards claimed by the company. Companies should also have clear and fair policies for handling customer complaints and returns. • Bribery and Corruption: Businesses should maintain high standards of integrity and transparency. Engaging in bribery or corruption, either directly or indirectly, undermines trust and can have serious legal consequences. Companies should have strict anti-corruption policies and should provide training to employees to recognize and avoid corrupt practices. Sikhism is a relatively new religion, but it offers valuable guidance on managerial ethics. Some of the most relevant ethical principles from the Sikh Gurus' teachings include: • Non-exploitation of labor: The Sikh Gurus taught that all people are equal and that no one should be exploited. This principle is reflected in the quote, "If blood touches the clothes, it becomes unclean. One who drinks the blood of others, why will their minds be clean?" (SGGJ, p. 140). Managers can apply this principle by treating their employees fairly, providing them with safe working conditions and fair wages and benefits, and by avoiding any form of exploitation. • Equality and non-discrimination: The Sikh Gurus taught that all people are created equal and that no one should be discriminated against on the basis of caste, gender, religion, or any other factor. This principle is reflected in the quote, "First God created light, all creation is product of nature. The whole world is product of the same light, who can be good or bad?" (SGGJ, p. 1349). Managers can apply this principle by creating a workplace that is fair and inclusive, where everyone feels valued and respected. • Communication and transparency: The Sikh Gurus taught that communication and transparency are essential for building trust and maintaining healthy relationships. This principle is reflected in the quote, "Till the time we live in this world, Oh Nanak: let us listen something, say Something." (SGGJ, p. 661). Managers can apply this principle by communicating regularly with their employees, being transparent about their decisions and plans, and by listening to and responding to feedback. • Honesty and integrity: The Sikh Gurus taught that honesty and integrity are essential for living a moral and ethical life. This principle is reflected in the quote, "To grab what is another's is evil. As pig's flesh is to them and cow's flesh is to them. Spiritual Guide will stand by only when carcasses are not eaten." (SGGJ, p. 141.) Managers can apply this principle by being honest and transparent in all of their dealings with employees, customers, and other stakeholders. Implications for Managerial Ethics The Sikh Gurus' ethical teachings have a number of implications for managerial ethics. Managers can apply these principles to their work in a variety of ways, including: • Creating a more equitable and inclusive workplace: Managers can use the Sikh Gurus' teachings to create a workplace where everyone feels valued and respected. This includes developing policies and procedures that prevent discrimination and harassment, and providing training on unconscious bias and cultural sensitivity. • Promoting sustainable and environmentally friendly business practices: The Sikh Gurus taught that it is important to respect and protect the environment. Managers can promote sustainable and environmentally friendly business practices by investing in energy-efficient equipment, reducing waste, and sourcing materials from sustainable suppliers. • Developing honest and ethical marketing campaigns: The Sikh Gurus taught that it is important to be truthful and honest in all dealings. Managers can develop honest and ethical marketing campaigns by avoiding false promises or misleading customers, and by being transparent about their products and services. • Making ethical and responsible financial decisions: The Sikh Gurus taught that it is important to be responsible with one's finances. Managers can make ethical and responsible financial decisions by avoiding taking on too much debt or engaging in risky investments. They should also be transparent with their shareholders and stakeholders. By following the Sikh Gurus' ethical principles, managers can create a more ethical and humane workplace that is beneficial for both employees and the organization. Conclusion Sikhism offers valuable guidance on managerial ethics. By following the Sikh ethical principles of non-exploitation of labor, equality and non-discrimination, communication and transparency, and honesty and integrity, managers can create a more ethical and humane workplace that is beneficial for both employees and the organization. Managers can apply these principles to their work by creating a more equitable and inclusive workplace, promoting sustainable and environmentally friendly business practices, developing honest and ethical marketing campaigns, and making ethical and responsible financial decisions. In addition, managers can encourage employees to be entrepreneurial and to participate in the decisionmaking process, and invest in employee training and development to help employees reach their full potential. By following the Sikh ethical principles, managers can create a more positive and productive work environment for everyone. References : Singh, N. (2013), Truthful Living: Sikh Thought and Practice in Economic Life, 3rd Sikh Studies Conference, Department of Sikh Studies, University of California, Riverside, USA Ray, N. (1967). The Sikh Gurus and the Sikh Society, Indian Institute of Advanced Study, Shimla. Miller W. D. and Timothy Ewest, (2010), Rethinking the Impact of Religion on Business Values: Understanding its Reemergence and Measuring its Manifestations, Journal of International Business Ethics, Vol.3 No. 2. https://www.iimb.ac.in/sites/default/files/2018-07/WP_No._439.pdf