The VEDA Model is a framework for ethical business practices based on Indian ethos. It emphasizes the importance of values, ethics, dharma, and action in business, providing a comprehensive guide for companies to operate ethically and responsibly. In this article, we will explore the VEDA Model and its significance in the Indian business context.

The Four Pillars of the VEDA Model

• Values: The VEDA Model emphasizes the importance of values such as honesty, integrity, respect, and compassion in business. These values should guide all business decisions and interactions.
• Ethics: The VEDA Model highlights the importance of ethical behavior in business. Companies should strive to act ethically in all their dealings, ensuring transparency, accountability, and fairness.
• Dharma: The VEDA Model emphasizes the concept of dharma, or duty, in business. Companies should fulfill their responsibilities to all stakeholders, including employees, customers, investors, and the community.
• Action: The VEDA Model encourages companies to take action based on their values, ethics, and dharma. Companies should strive to create positive social and environmental impact through their actions.

Significance of the VEDA Model in the Indian Business Context

The VEDA Model is significant in the Indian business context because it aligns with the Indian ethos of ethical business practices. The model emphasizes the importance of values, ethics, and dharma, which are deeply ingrained in Indian culture. By adopting the VEDA Model, companies can demonstrate their commitment to ethical business practices and build trust with stakeholders.

The VEDA Model is a valuable framework for ethical business practices in the Indian context. By prioritizing values, ethics, dharma, and action, companies can operate ethically and responsibly, creating positive social and environmental impact. As the Indian business landscape continues to evolve, the VEDA Model remains relevant for guiding ethical business practices and building trust with stakeholders.

SAHOO LOPAMUDRA

MBA-II DIV- B

ZMB2224096