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Day 5 – Q 1. An ethical and honest person can never be a rich and successful businessman. Do you agree? Substantiate your response.

1. An ethical and honest person can never be a rich and successful businessman. Do you agree? Substantiate your response.

1.एक नैतिक और ईमानदार व्यक्ति कभी भी एक अमीर और सफल व्यवसायी नहीं हो सकता है। क्या आप सहमत हैं? अपनी प्रतिक्रिया की पुष्टी करें।


  • Introduction: Give 1-2 introduction. It can be a quote and small explanation or what is ethical and honesty according to you.
  • Body: Two parts are required here. First part, mention how being unethical a businessman will be failure and how being ethical even if trouble appears it is short term. Two sides are also required not just one side.
  • Conclusion: 1-2 lines conclusion is must.


Ethics and Honesty are the two virtues which is required in every businessman to be successful. “You can fool some people sometime but not all people all the time”, this quote by famous singer can be adopted in every walk of life especially business.


With the boom in technology, access to information has become very easy. At click of a button you get history, review, opinion about everything. So being unethical and lacking honesty will not take you too long.

Example 1:

Take example of Mehul Choksi, a jeweler who is now a famous absconder. He had got several warning about quality of gems being sold for high prices from Dubai authorities. He did not mend his ways and tried to fool customers but it finally proved fatal to him and now he is a fugitive according to Indian Laws.

Example 2:

Jack ma: The founder to Alibaba, China.

When you see his life history there was several rejections and failures but he stood for his core believes and today the world can see what he has achieved. He stands as an inspiration for generations of Chinese businessman and also to budding entrepreneurs across the world.

Example 3:

Steve Jobs: Apple founder.

He was honest to this product and customers. He wanted to provide the ultimate quality and never compromised on that. He was even thrown out of his own company for standing up to his belief. But at the end the world will remember him as one of the most successful tech genius.


Avoid giving controversial examples like Ratan Tata, Vijay Mallya, Ambani. It’s always safe bet to go for those who are already proved by competent authorities and not by Media houses. Reason for Tata or ambani’s is Radia tape. Vijay Mallya: His airlines business was failure because of wrong strategy. His case is still in court. So do not derive at conclusion until proved.


Rules and regulations will have loopholes most of the times. Just with those two we cannot make a business house or businessmen ethical and honest. It has to be cultivated and imbibed in him. Experience is biggest teacher in life.

Best Answer: AKG

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