2016, Vol. 2, Issue 3, Part B

Due to globalization, we see the gap between the rich and poor. Globalization has changed the concepts of values in present day society. Human values are declining at very fast rate which is resulted in declining the quality and values of life of people. 

Do human beings have any answer to stop this declination? To answer this question, we have to take into consideration the tenants of various philosophical schools which originated in the entire world and especially in India and Buddhism is one among them. 

The focus of this paper is on Buddhist school of philosophy in the matter of Business Ethics. This Paper will throw light on the teachings of Gautam Buddha, Buddhism and business ethics etc. It demonstrates the critical importance of values and ethics in business success and shows how modern day studies of Social responsibility and sustainability could learn a lot from the philosophy of Gautam Buddha.