The word ‘Ethics’ carries a very sensitive structure which affects even the smallest factor in a situation and also it carries a huge sum of responsibility. It is an entity which could stir a situation in a person’s or company’s favour or not and it also holds an adverse effect in general. Ethical conduct is absolutely vital. Regular reforms to the code of ethics may combat the unethical behaviour in the industry but that alone is not sufficient. Individuals and firms must develop a particular code of conduct and abide by them and it should be applicable to all levels of their operations. This will help individuals and firms to promote the principles of stewardship of investor assets and work towards the betterment of clients. For the Financial Industry, Ethics is not only the pillar of trust but also it is the ladder to success. Through the careful literature survey, it lists some of the discussions of important ethics in the Financial and Business sector.
The random sampling techniques used for quantitative studies are hardly applicable for qualitative research. Random sampling is not appropriate for qualitative studies as no issues are solved related to human behavior. In this article, the differences between quantitative and qualitative approaches are explained. The three categories Convenience, Theoretical and judgment of naturalistic sampling are considered and described in a wider way. Qualitative approaches are also important as quantitative approaches. Draw a broad outline between methods of qualitative and quantitative. The researcher chooses the most appropriate methodology. Knowledge related to human behavior enhanced and solves the problem. Qualitative research is an interactive process. Specific knowledge of each approach is required to implement the suitable methodology. To understand and explain the concepts of qualitative research, explain what they are doing, why they are doing, explain how they gather the standards related to scientific stringency. Learning with effort and experience related to real-life determine the success of the research method. Qualitative research develops thinking in subjectivity. Depend on a person's interpretation. Investigates relationship quality as well as solves problems. Qualitative research provides all solutions to those problems which cannot be possible to convert into numbers. Tools of the Qualitative approach consider depth interview, survey chat via web and communities.
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