Values and Ethics:
Values refer to the principles or standards that guide an individual's behavior and actions. They are deeply ingrained beliefs that influence one's attitudes and decisions. Ethics, on the other hand, are the moral principles and codes of conduct that govern the behavior of individuals or groups.

Importance of Ethics and Professional Competence:
Being ethical is essential not only in one's personal life but also in a professional setting. It ensures that individuals uphold integrity, honesty, and fairness in their actions. Here are a few reasons why it is important to be ethical along with being professionally competent:

1. Building Trust:
Ethical behavior helps in establishing trust with colleagues, clients, and stakeholders. When individuals act with honesty and integrity, they create a positive reputation and a sense of trustworthiness.

2. Maintaining Credibility:
Ethical conduct enhances an individual's credibility. When professionals adhere to ethical standards, they are seen as reliable and dependable, which in turn can lead to increased opportunities for growth and advancement.

3. Enhancing Professional Relationships:
Ethics play a crucial role in maintaining harmonious and respectful relationships in the workplace. When individuals treat others with fairness, respect, and empathy, it creates a positive work environment and fosters collaboration and teamwork.

4. Avoiding Legal Consequences:
Unethical behavior can lead to legal consequences and damage the reputation of individuals and organizations. Adhering to ethical standards helps in avoiding legal complications and ensures compliance with laws and regulations.

5. Upholding Organizational Values:
Ethical behavior reflects an individual's commitment to upholding the values and principles of their organization. It helps in fostering a culture of integrity and accountability within the workplace.

6. Making Ethical Decisions:
Ethics provide a framework for making decisions that are fair, just, and morally right. Professionals who are guided by ethical principles are more likely to make unbiased decisions and avoid conflicts of interest.

7. Contributing to Society:
By being ethical, professionals contribute to the betterment of society as a whole. Ethical behavior ensures that individuals consider the impact of their actions on others and strive to make a positive difference.

In conclusion, being ethical is crucial in addition to professional competence as it helps in building trust, maintaining credibility, enhancing relationships, avoiding legal consequences, upholding organizational values, making ethical decisions, and contributing to society. It is a fundamental aspect that shapes an individual's character and impacts their personal and professional growth.