In India, certain spiritual gurus are running big businesses which are directly competing with established multinational brands. What are the ethical and governance related issues involved in such businesses? Critically examine. (150 Words)
- BREACH OF TRUST & FAITH – Emotionally attached followers are being used to flourish business of spiritual gurus by donating in their trust and buying their products.
- HONESTY & INTEGRITY of these gurus are at edge, since spiritualism appears merging with materialism and selfless guru appears to be profit seeker.
- LACK OF TRANSPARENCY – opaque and unregulated fund & donations
- LACK OF ACCOUNTABILITY & RESPONSIBILITY among these gurus– at times poor quality products are sold without certification.