Answer:

Introduction:

Ethics is a system of moral principles that helps us differentiate between right and wrong, good and bad, fair and unfair.

Values are the individual principles or qualities that guide judgment and behavior of a person or a group.

Body:

It is important to be ethical along with being professionally competent for several reasons, including:

Trust and Reputation:

• Ethical behavior builds trust and fosters strong relationships with colleagues, clients, and the community.
• Example: The Tata Group, under the leadership of Ratan Tata, is known for upholding ethical values, such as integrity and social responsibility. This commitment to ethics has earned the group a strong reputation globally.

Long-term Success:

• Ethical behavior contributes to long-term success and sustainability in professional endeavors.
• Indian Example: Infosys, an Indian multinational IT company, has built a strong foundation on ethical practices. Their commitment to transparency and integrity has played a crucial role in their continued growth and success.

Stakeholder Confidence:

• Ethical behavior instills confidence in stakeholders, including employees, customers, investors, and the public.
• Example: The Securities and Exchange Board of India (SEBI) has implemented stringent ethical regulations in the financial markets to protect investor interests and enhance confidence in the Indian capital market.

Social Impact:

• Ethical conduct positively influences society, contributing to social well-being and progress.
• Example: Devi Shetty, founder of Narayana Health, a chain of affordable healthcare facilities, demonstrates ethical practices by providing accessible and affordable healthcare to underserved communities, making a significant social impact.

Personal Integrity:

• Being ethical aligns with personal values and integrity, fostering self-respect and a sense of moral purpose.
• Example: Kiran Bedi, a former police officer and social activist, is known for her ethical conduct, integrity, and commitment to social justice. She has been a role model for ethical leadership in India.

Conclusion:

It is very important to be ethical in the performance of one’s duty. An unethical person can only bring harm to the society, because professional competency, devoid of an ethical base, can only be a home for various vices. Whereas, an ethical person would strive for the common good, even if he lacks in the high standards of his profession. While an ethical and highly competent person is seen as an ideal; a person with no ethical principles and high professional competency can become a bane for the society.