Ethics in Business are just a Passing Fad
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Points to remember before you participate in this disuccsion:
- Assume, you one of the member of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Express your positive attitude towards providing the solution.
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Prashanth said:
(Wed, May 23, 2012 01:04:48 PM)
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I believe that Ethics is a broad term and cannot just be restricted to values or beliefs. Ethics are something that standby someone at any point of time and is present in one's conscience. It is not something that can be put up on the company's notice board.
Any business will have good ethics only if the management has some good leaders who have strong ethics, and i believe that is what will distinguish a good company from an ordinary one.
In the case of Infosys, we clearly see the change in performance after Mr.Murthy stepped down from the CEO chair. The man's charecter and ethics is what drove the company to become such a powerful IT brand as we know it today...
Thus, without ethics no business can flourish. |
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Ashish Areekattel said:
(Sat, May 19, 2012 05:03:13 PM)
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In today's world, I agree with the fact that Ethics is just a passing fad.
Because from the childhood children's are being taught to be competitive in any sort of manner to beat their competitor. So they don't compete in an ethical way and always think to outdo others. Because they have seen their parents do the same in the society.
In 2011 India was ranked 95th out of 178 countries in Transparency International's Corruption Perceptions Index. So you can see the ethics is shifting over generations.
A person with ethics does not grow in India often because they are been targeted by the corrupt people who do nothing to rectify themselves but do everything to corrupt other people too. |
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Shanky said:
(Thu, May 17, 2012 10:52:52 AM)
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An ethical company is more likely to build a good reputation, which is more likely to bring financial reward over the long term. Ethics in the business is the key to success "one can do well by doing good" meaning one can succeed in business by being ethical.
But today people want to make certain what benefits they will get being ethical, if they could get huge profit they follow the ethics otherwise astray themselves. Other factors such as corruption is diverting the people from being ethical. So in today's scenario I can say that people are being more professional, they think about earning maximum profit rather than reputation. But still there are people who thinks about the welfare of the other people which earns for them reputation and reward and most important of all these "trust". Once one is able to grab the trust he/she will gain the success which is the ultimate goal of business.
So I conclude that its true Ethics in business are just a passing fad this is due to those greedy people who thinks for earning profit rather than the trust and the reputation. I believe "one can do well by doing good". |
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Bisht Prabha said:
(Wed, May 16, 2012 08:07:36 AM)
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Disagree.
1. Its a necessity to last long and successfully. You can be unethically be successful for a point of time but in the end you will be out of game.
2. Successful philanthropist and business man azim premzi and sunil mittal.
Agree.
1. India is so corrupt if you try to be ethical you have to work double hard to come up your way. If you try to against the tide (corrupt politician) you will be washed away.
2. Easy and quick money. In this highly competitive market people want to just earn they don't care about the means. |
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Anil said:
(Sun, Apr 29, 2012 02:52:46 PM)
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In my view every day the ethics are becoming importent and not passing fad. When we talk of business ethics, it refer to the actions taken for the purpose of making profit for business. If these actions do not affect the individual or society and morally OK business may be called as folloiwng the ethics.
This is true that business means negotiation and during this process business has to portrait his product/service as the best value to the price offerred. So this should not be treated as not following ethics. However as the business are growing a system based organisation are very importent for better control. These control on system automatic keep an eye on business ethics. |
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Simran said:
(Sat, Apr 21, 2012 09:42:44 PM)
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| Business ethics is not just a passing fad but companies are now using it as a source of branding. CSR for firms is the need of the hour no company can truly last for long if it ignores ethics completely on its way to make money. The businesses have now understood this fact and are now trying to mould it to their advantage. They undertake CSR activities to be in the good books of their customers and the society as a whole. |
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Shyam said:
(Wed, Apr 11, 2012 08:36:04 PM)
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I think we are off the track friends. We are not here to discuss effects of corruption in INDIA.
Coming back to track. Ethics I define them as the fundamentals in business. Unfortunately we may be lacking them but it is on our part that we bide to them. There are many successful business people who are ethical and a philanthropist as well, for the young entrepreneurs, people like BILL GATES, WARREN BUFFETT stand an example. We may not be so. It remains in our part to be ethical. I suppose there are a few people who are ethical even today. So I don`t agree that ethics are just a passing fad. But they are hidden at times. |
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Sondeep said:
(Mon, Apr 9, 2012 07:47:11 PM)
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Ethics refers to set of values that guide a person's actions towards the welfare of 'self', 'society' and the 'system'. No one can deny the fact the these terms form an integral part for any business activity. No doubt that profit was, is and will always a prime motive of 'running' businesses as it satisfies the 'self' to a large extent, but how well a business balances between contributing towards and satisfying these three terms is what determines how ethical or less-ethical or unethical a business is.
Putting all this in the present day scenario, I would like to say that although ethical values are fading from society and businesses but ethical activities are not (at-least on the surface) this is because of the very vigilant media and the aware consumer in today's world. A business has to showcase its contribution towards the society to build 'GOOD'will among people and to sustain, this is the reason behind campaigns like 'save the tiger (aircel) ', 'creating happiness (vedanta) ' or 'support my school (coco cola-ndtv).
So ethics are not completing fading away.
But at the same time.
Incidents like the 'satyam fiasco' would tell us dismal state of ethics in business today. |
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Shivine said:
(Sat, Apr 7, 2012 03:53:43 PM)
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| No body invest in business keeping in mind the code of ethics. Profit to say further profit at the cost of ethics is their prime goal. Even though ethics in business would earn a good name in the long run and fetch fruit in the long run no body mind it at all. They actually aim in short term goal and early catch at the cost of ethics. This is the order of the day. |
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Priya said:
(Tue, Apr 3, 2012 02:52:17 PM)
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| Business ethics are the moral values that are important for running a business. Ethics are fading in business. For eg. A newspapaer like times of India they ensure that they run their business for the welfare of people, but sometimes they provide information which is not useful to people but only maximizes their profit. |
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Heena said:
(Mon, Apr 2, 2012 03:00:31 PM)
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| Ethics are the set rules and norms set by the society. It is very essential for an organization to work ethically for sustainability. As said by some people that conflicts may arise because of the varied attitudes than it is the duty of management to embed the ethics in the organization culture so that every one follows it. If we see the case of Satyam, then we can conclude that Satyam failed because of the unethical attitude of its owners. As per the triple bottom line philosophy, it is mandatory for the organizations to be ethical for sustainable development. |
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Sonu said:
(Fri, Mar 23, 2012 04:38:13 PM)
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| It is rightly said that Business without ethics is as good as body without soul, therefore what I believe is ethics in business is not just a passing fad. When it comes to business ethic should be followed as it helps us build stronger foundation for our organisation on which we can rly for long term support. It also helps us earn goodwill among our customers and thus we would be able to last long in our industry and would a prove a valuable asset to the nation. People who follow ethical ways if fall, they have a 100% chance of getting back to platform because such kind of people are hardworking and they won't give up easily while people with unethical ways, if fall can never stand back as they had lost there reputation and had made enemies. |
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Sunanda said:
(Wed, Mar 14, 2012 04:16:33 PM)
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Hi everybody,
According to me ethics in business is as important as it is in everyone's life and so it is not just a passing fad. It is necessary to have strong ethics for a business to last long. A strong ethics helps in gaining the trust and confidence of customer which is the main source of a business to survive. Thus for me ethics in business is not just a passing fad. |
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Ritu said:
(Wed, Mar 14, 2012 03:27:42 PM)
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| "Ethics in Business are just a passing Fad". Well I would like to define "ETHICS and Business": Ethics is the moral values which tells about right and wrong paths whereas Business is a profession where we sale our qualities and grab attention of the people around us to serve them with our qualities. So in this process we help others by our qualities and in turn gains wealth in return. Business must have ethics to raise it to a certain standard where we can attract and fulfill needs of various clients but in today's scenario it is fading because we want more money on the price of anything this is just because of the thirst of money and possession we forget moral values and keep ethics aside ignoring it. There are various examples around us like newspaper, politicians, film-industry, they represent themselves as if they are working for the welfare of people but truth is that they want to be engrossed and earn money through publicity and all. The reason of this issue is that Money + ethics = Normal life whereas MONEY + NON-ETHICS = Luxurious life and we all want to live luxurious life. |
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Tanutanu said:
(Wed, Mar 14, 2012 10:52:06 AM)
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I would like to put my two cents into it. •Ethics are about what is right and what is wrong. Ethics hold significance everywhere and not just in business.
Honestly speaking, no comany can be 100% ethics compliant (as my other friends righly said) , but to some extent it must fulfill it ethical responsiblities if they need to win the customer's trust in the long run. For eg, after that chernobyl disaster, Dow Chemicals are looked down upon. Their sponsorship for london olymics is generating a lot of hue and cry.
In sum, for long term success, an organisation cannot afford to comprmise on the ethical front but at the same time we as people need to accept that expecting these organisations to be 100 % ethically complaint will be too much. |
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Gargee said:
(Wed, Mar 14, 2012 12:34:30 AM)
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Hello friends,
As a student of business ethics I can clearly say that in today's scenario, following ethics in business is not onlt quintessential but also a moral requirement. Some say that ethics and morals are values that are culminated in our minds since our childhood and that cannot be taught to full grown money minded businessmen, but in my view, even though they are hard core businessmen and even though they have to earn profits, they are also responsible citizens who have to set example for the coming generations. I can state many examples related to business ethics, some time back, a food company introduced a baby milk powder and advocated that its a replacement of mother's milk, which is outdated. Nurses were paid to tell the parents about this and the parents agreed, without knowing that only mineral water could be mixed with it. As a consequence many babys got ill. The company continued this scam until gradually it was boycotted.
Now tell me, is this correct on the part of the company to earn profitr even though it means jeopardising the lives of innocent baby? I guess no, so I can say thet business ethics are not a passing fad and are here to say for the betterment of teh society. |
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Kumar052 said:
(Sun, Mar 11, 2012 07:11:03 PM)
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In today competitive world when everyone are going to become selfish in business then only the ethics is the thing which are making peoples to do the business fairly with competitors and customers. Also these is the thing that remembering every companies to there responsibility towards the society, because they are exist due to the society. So, they also have some role and responsibility toward them.
Suppose any company is not following the ethics then they will not behaving well with there employees and not giving right salary. Then in result employee will also not like to work with that type of company or may be he will not work there task correctly given by company.
Similarly if company not give good quality of product and at right price then in response they will not buy the product of that company.
So, for every business for there existence the ethics is necessary. |
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Tua said:
(Wed, Mar 7, 2012 12:23:46 PM)
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| Hi, everyone to me also ethics is very important for a growing organisation. But can you tell me whether all the organisations which has gained fame and are successfully standing on the top did not practice any unethical way either by bribing or by not showing the real or the original profit statement to the world. Now a days, there are very rare companies or organisations which follow ethics. In today's world, people who are involved in corruption are worshiped rather than those who are walking on the straight path. Today, in every sector either you have to bribe or you have to use your resources to complete your work otherwise you have to stand in a long Que and there is no guarantee that your work will be done in time. So, to reach the top I do not think that following only ethics can be helpful. But, it is totally upon the public, if they stand together against such corruption then only this world can be free of such corruption, but till date if 10 persons stand against such corruption 15 persons are in favor of them. Thus it is very difficult to say that only following ethics can help any business or organisation to reach its ultimate goal. Thank you. |
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Tom Thomas said:
(Thu, Mar 1, 2012 02:05:23 PM)
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| I dont think that saying Ethics in business is not right. We ought to follow business norms while running a business. |
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Harjot said:
(Mon, Feb 27, 2012 04:18:15 PM)
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| It's a global fact that ethics helps us somewhere and somehow in our lives someday or the other and hence we can't deny the thing that ethics in business can't just be a passing fad.As told above by my friends that if a person or an organisation is in need to be on the 7th cloud in there business,they surely need to follow certain ethics so that their image in the society remains to a higher standards and hence does not decline.Apart from this ,as far as ethics are concerned in a country like India no business person or any organistion can follow their ethical talks totally and so they would have to choose another path of corruption either on small scale or large scale.So the conclusion where i reach is that "Ethics in business are not just passing fad" but if the situation demands it could be anything. |
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Dennis said:
(Sat, Feb 25, 2012 08:18:53 AM)
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Ethics defines the set of values that influences a party in its actions. Practically, it maybe impossible for organizations to be 100% ethics compliant. But it is necessary to curb unethical practises like corruption, bribery, nepotism, discrimination, insider trading e. T. C. The importance of ethics lies in the necessity of having good public perception and gaining consumer trust and confidence. THe success of a business is not determined by its P&L or balance sheets. It lies in acts of goodwill which creates a good perception of the company's ethical standards.
This is why The government is persuading companies to take up CSR initiatives and may soon make it mandatory for them to shell out 2% of revenues to CSR activities. COmpanies like VAdanta, TAta, WIPRO have been promotiong social activites and have been more successful in gaining public confidence that some of their competitors.
Ethics can no longer be regarded as a passing fad, but it is what creates a difference between organizations. |
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Radha said:
(Fri, Feb 24, 2012 12:21:07 PM)
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According to me ethics cannot be followed in India.Even though the companies are ethical,the government & mafia groups are making them unethical.For the political party funding's the companies are the most targeted.If they did not give any fund,the will be irritated by all the ways.For mafia also they need to feed up ,otherwise they cant run their business.
Examples are
1.TATA TEA plant plantations in eastern part of India.company is bribing Maoists and running the business happily.
2.ESSAR aluminum plant in andhra prdesh.they were giving funds every month to naxals and generating huge profits.
ethics should be followed in business while dealing with the normal and ordinary people and it cannot be followed while dealing with bada babus and govt.
personal ethics are more important than business ethics. |
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Nupur said:
(Fri, Feb 24, 2012 12:57:44 AM)
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| According to me business and ethics cannot go hand in hand by this I don't want to say that companies are 100 % unethical but yes they are in unethical practices we only know the face of the company we don't know what is going inside it. The tata which is considered to be the most ethical company is also not very ethical although the case is not yet being proved lets take eg: reliance - we all know the cases of reliance. Nowadays company is fullfill CSR responsiblities some of the companies are collecting 0. 9 % of the monthly income of the employee in name of CSR and such funds should go in charity and NGOs but the companies are using it for their benefit. |
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Ankit Setia said:
(Wed, Feb 22, 2012 04:44:18 PM)
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| The statement holds no good in my opinion that ethics in business are just passing fad. When it comes to business, love or even war ethics should be followed, they provide the rock bottom on which we can rely a long term support. Scams are common in India, you take satyam or adarsh, the common thing in all these is that they were build on an unethical platform which didn't got any support at the fall. And there are also example of Tata which got full support from government when they were almost cash straped in corus deal, Tata's ethical background and trust bought them out of stiff situations. |
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Jambu said:
(Sun, Feb 19, 2012 05:35:59 PM)
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| Ethics is very important in business as well as in life. I think more over the people doing the things in an unethical way. Because they want to get benefit from the customers. This is the general business thing. But if we look some companies they are more gently faking the customers money. It is all gonna be so difficult stuff the people who all belonging theirs. Lets take a city there can be much companies like small scale and mnc companies are. Then what for the consultancy's are. These days these like only dominating others who all like good firms. |
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Dipa said:
(Thu, Feb 9, 2012 11:29:44 AM)
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| We all know that know one wants to be unethical at his business but todays circustances for unethical people have became a very difficult to work . The ethical person to make his business stable has to struggle a lot , its not that easy for a ethical person to get more profit as compared to unethical person . But if he has determination to fight out that ultimately his business will be one step ahead . |
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Deepak said:
(Wed, Feb 8, 2012 05:30:31 AM)
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Business without ethics would be a body without soul. We all know that in today's world if one wants to do business in long run, one needs to earn goodwill. Goodwill comes with proper following of ethics. Although, there are incidents which violate ethics and make us feel that ethics are just a passing fad, however, that is just not the case. The reason why we buy products or do transactions with certain companies is because of the code that they follow e. G. Dell, Ebay, Eureka Forbes, etc. If we have a look on the business model they follow, we will find that they don't even own a single shop in a market place. Still, we trust them and out of that trust, consequently we do business with them. Had they not followed ethics, they would have been neglected and would have gone out of business.
Also, It is important to understand that its ethics that gets us out of the difficult times in our lives. Ethics are those sets of principles which guides us. People who don't follow ethics in business have to pay sooner or later. Satyam, 2G scam, CWG scam are some of the examples. So, Ethics in business are not just a passing fad rather they are the integral part of the business. |
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Nutan Das said:
(Tue, Feb 7, 2012 07:54:00 PM)
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| Ethics is nothing but loyalty. Ethics is the best and only weapon for a long term relationship. Ethics brings a trust among customer. So ethics in business is most necessary. We should not be that much of conscious about ethics that company will be in loss and only customer will be benefited, in that way we are never a good business man. To be a good businessman profit in both side a ethics both are needed. |
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Ezio said:
(Mon, Feb 6, 2012 03:14:58 PM)
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| Ethics in business is different from ethics in life and every where in business we cannot able to follow ethics because of the because of some un helpful situation in business this can be known when enter in the business world so ethics in business is just a passing fad. When we follow ethics in life then it is possible to follow ethics in business. |
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Anand Prashad said:
(Fri, Feb 3, 2012 04:34:44 PM)
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| I agree with all views who is against the statement "Ethics in Business are just a passing Fad" Ethics is most needed for any organisation and enterprises.Ethics leads business towards success , in today's competitive business scenario Ethics cant be left out because ethics act leads in holding the customer for the long term and keeps loyal customer. |
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Sourabh said:
(Thu, Feb 2, 2012 11:24:06 PM)
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| I think I would out rightly disagree with the statement. I would place ethics much above any fad. I mean to me ethics is something that would remain the same always, they don't change. Ethics about running a business or personal ethics, whatever it be, have remained the same since start of the time. Even of there is any sort of deviation, I believe market forces, in terms of business and society, in terms of personal will automatically correct the unethicals and bring them on line. The various economic recessions that have taken in the world at various points in time is a perfect example for this. |
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Akil said:
(Thu, Feb 2, 2012 01:34:03 PM)
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| The topic being concerned with ethics, first lets look into the definition of ethics. Ethics is a set of moral values that each one follows and are those that influence his/her actions and decisions. Coming to the arena of business, ethics plays a main role in the relationship between you and your customer. Though business maybe aiming at profit, focusing only on profit without being ethical may not hold you in your customer's favour in the long run. At the same time focusing only on ethics and running into a loss is also not correct. Remaining true to the customer and doing the work in the right path will automatically lead to success and also help to survive in the competitive market of today. Lots of examples of scam and scandal can illustrate that being unethical will certainly yeild a negative result someday, making one lose all that earned in monetary ways as well as in terms of reputation. |
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Ankit said:
(Wed, Feb 1, 2012 10:32:30 AM)
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| Everyone has his/her views about ethics but what I think is that ethics is the root of relationship between costumer and the company. One should focus more on quality rather than focusing only on the quantity which has been a problem recently. Due to the increasing demands of customers ethics are being put aside n focus is being made on the quantity and more on money which is wrong. A customer wants best for him which when not satisfied creates big fuzz in the relationship of the customer with company. If more ethics are applied then they may take time and money but the bonding with customer increases by this to a great extent which is important. |
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Surendar Kumar said:
(Tue, Jan 31, 2012 01:08:37 PM)
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Hi friends thanks for your suggestions, . I follow the ethics becasue I know the moral of ethics. Telling the suggestion is not important but following the morals in our life must.
In your own life or organization for long term relationship with friends or customer have to follow strong ethics. It must starts from blood if you follows. Otherwise life or orgnization it will end in short term life. |
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Saroj Sharma said:
(Fri, Jan 27, 2012 09:36:45 PM)
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| I completely disagree. Its all about the ethics which decides the working style, aims, goal, work culture, work environment and ultimately success of any company. Strategic planning is also formulated on the basis of ethics of any company. Ethic is something deep rooted in the day to day work culture and long term objective. Ethics are made by top level management and are applicable to each and every employee of the company. So I think is the soul of any company for its living. |
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Khushi said:
(Fri, Jan 27, 2012 12:22:07 AM)
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| In an organization ethics are passed from the top level management people. If people sitting at top are ethical, every employee will follow them and same will be reflected to the customers. So its stay with you if your organization culture is such and if not then off-course its a passing fad. |
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Delson said:
(Mon, Jan 16, 2012 06:48:22 PM)
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| Business ethics are very essential in the smooth flow of every business. We must provide importance to our customers and keep them as the king of business. So provide good quality products to them is very important. Otherwise any business firm can not exist. All business firms need to keep some ethics not only to customers but also to the environment, society, employees, etc. |
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Karuna said:
(Fri, Jan 13, 2012 11:49:11 AM)
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| Well, The main motive of buisness is earning profit. Ethical term sounds bizzare in buisness. But to maintain long term relationship with customers, it is necessary to be true to your customers which will be helpful in providing excellent growth to your buisness. |
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Sri said:
(Wed, Jan 11, 2012 08:39:12 PM)
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| Yes the most important thing in the business is ethics. ya better results might come in the short term. but for an effective long term results must be followed within the organisation as well as each and every individuals. |
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Urmila Singh said:
(Tue, Jan 10, 2012 03:24:31 PM)
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| So dear friends ethics is very important in business as you see in daily life you trust only reliable or ethical persons same in business if company not reliable with their customers obviously it ll loses their customer after some time can't retain them so ethics is important in every business, for long time durability. |
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Komal said:
(Mon, Jan 9, 2012 08:28:08 PM)
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| Everyone has his/her perception about ethics but according to me, in today's scenario very few companies follow ethics in business. It has merely become a word which is drafted on a paper bur hardly implemented in actual. Co. Show and draft as if they are very strict and rigid but when it comes to abide by the norms of the organisation they hardly follow it. At the end of the day co. Believe in getting profit. I am giving an impression that all companies do so but there are many companies like HUL who actually implement what they have drafted on papaer. Good and bad lies everywhere it depends on the organisation to motivate his/her employees so that they can connect themselves with the organisation and be responsible for evrythin that they are assigned. They should have a sense of ownership in them. |
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Devashis said:
(Thu, Jan 5, 2012 08:16:11 PM)
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| Ethics using this term in business sounds "unethical",because the sole structure of the business stands in earning profit.Business being an artificial person no ethics is applies to it being not humane.Yes but if it breaks common law of land for profit certainly it will be held accountable. |
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Swati said:
(Wed, Jan 4, 2012 04:47:16 PM)
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| Dear friends, ethics is not only important in personal life but also in professional life too. I really feel that if ethics exist inside every one of us there is no crime and crruption. We can lead a life of peace and harmony, at the same time it leads us towards overall growth and development. |
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Iknowirock said:
(Tue, Jan 3, 2012 10:03:37 PM)
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Well well.. I would like to clear few things. Firstly, the topic is about the subsiding of ethical values in business. As you can see, because of a huge competition present in today's market, people have definitely allowed themselves to be mean, egocentric and be greedy so as to establish oneself and earn money. This has led to the fact that they ve forgotten to be human and stopped following the moral ethics. In order to stop them to be so, it is important to instill human values.and ethics. They need to be made aware of all the etiquettes required in both business and day to day life.
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Vigneshwara Swamy said:
(Sat, Dec 31, 2011 01:26:28 PM)
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| According to me One should follow Ethics forever for Long Run Benefits, those who does this they will be very confident about what they are doing. But Unfortunately if we see most of the people practices unethical things for short term benefits in there profession/Human Life and they will keep on change their professions also, if it is Business it will not run for Long Run. |
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Rate this: +4 -2
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Varun said:
(Mon, Dec 26, 2011 07:41:32 PM)
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| Ethics of business includes both profit as well as moral values. One should not go for a loss in business seeing only the moral ethics, also one should not give up his values and look only for profit. There are variety of business activities which are strictly based on profit like real estate constructions where selling is done seeing the standard of the consumer. But others like commecialised hospitals should be based on moral values at first then profit. What is really important to know is that making profit is not losing moral values, rather if you make profit in your business you can do several works which will enhance you as a person as well as social being. There are many business which degrade one's moral ethics like black marketing, smuggling etc but otherwise business is so run by certain sense of ethics. |
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Rate this: +46 -1
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Niresh Kumar (Ksr)Mba said:
(Fri, Dec 16, 2011 12:44:05 PM)
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| Hi friends ethics is a nothing but ethics is a pepsi coke and water that is a very use ful in the business level that is a ethics this topic is avery interesting and also effectively concentrate in human being life so all are using the method in the level. |
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Rate this: +3 -50
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Sonu said:
(Thu, Dec 8, 2011 07:51:22 AM)
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Hi friends.
First for all very good morning to all of you. I totally disagree this statement that the "Ethics in Business are just a Passing Fad". As earlier told my friend that eiths is very important in our life and its very true that without eiths no one can suceed like as earlier told my friend. |
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Tanu said:
(Mon, Nov 28, 2011 01:08:32 PM)
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| I disagree with the statement. Today's budding managers from various B-schools are being trained from the start and sensitized about the issue of Business Ethics. I myself have been through the course 'Corporate Social Responsibility & Business Ethics' and after going through a pile of case studies I believe that common people do have a positive perception for companies who stick to ethics and infact this indirectly builds so much trust in the product/service of the company that people do go for products/services of such a company. Infact in various surveys it 'Business Ethics' have been given as the most important criteria for joining a company by present youth (Gen-Y). I believe that various scams might not give a very favorable picture for practice of Ethics but a stand on the same shall play a major part in sustainability of any organization. |
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Rate this: +26 -5
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Sonal said:
(Thu, Nov 24, 2011 12:47:14 PM)
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| Ethics is must. But in reality no one is ethical. Ethical is short term but for long term ethics doesnt exist and this is the fact. Today every company wants to achieve profits through shortcut and thats thorugh illegal and unethical modes. India, a country known for corruption, its in our root and ethics is just as a subject which is taught in bschools, its just a matter written in the companies policies but in reality no one practices it. Ethics for me is very much essential but its difficult to change THE MINDSET. Exceptions anna hazare and such great personalities could do that. Its not a cup of tea foe evryone. |
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Rate this: +26 -8
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Vishal Pandey said:
(Wed, Nov 23, 2011 09:00:27 PM)
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| Thanks allot for providing me to contribute my views on this subject. today in this market buisness is just like wise playing stakes in the market and it is quite relevant that for winning anybody can go to any extent so like wise for profit now a days buisness is losing the ethical values day by day newspapers are full of fraud cases by many of the reputed firms.and the ethical values of the buisnes which was key for sucess sometimes ago is losing its vale. |
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Rate this: +1 -6
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Puja said:
(Tue, Nov 22, 2011 03:49:15 PM)
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| Hello friends, I strongly disagree with this statement that ethics in business is just a passing fad. Today professionalism is required every where and a professional person is one who sticks to his ethics. Today concept of selling has changed to marketing and any business looks for loyal customer today by making relations with them which is not possible unless follow ethics. Today it is believed that customers are the person who gives you your salary so if you hav to grow you have to treat them very well. Maintaning relations without ethics is not possible. |
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Rate this: +27 -3
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Naveen Chakravarthy said:
(Fri, Nov 4, 2011 11:29:59 AM)
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| So friends we are indeed lucky to be given such a good relevant topic which is indeed the most pressing demand in the present age. Okay, ethics means the moral values which we posses which directs us when we respond to different situations. No need to mention that business today has seriously lost its ethics which it used to posses sometime back, which is indeed a bad thing. As one of our friends has mentioned that ethics are confined to only books and in business it is completely bullshit, I disagree with him in this matter. Seeing through the eyes of a shrewd businessman this might be true, but imagine what and how would you respond when hit by the same thing. For example, you purchase a brand new electronic gadget and the moment you plug it in, boom, it stops working. And on calling the customer care, they start ignoring you as per the instructions of higher officials. What would you do then, Appreciate the businessmen for their unethical behavior or just curse them?So, instead of just ignoring this topic all the time and becoming victims, why won't we revolt and why shouldn't we take a pledge never to forgot our ethics in our daily conduct and business. |
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Rate this: +19 -8
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Swati said:
(Sun, Oct 23, 2011 07:47:19 PM)
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| Well my friends I appreciate your thoughts and I would like to add on it, business is not only attract more customers but also retain the customer life time, if company can not provide loyalty to its customer then definately someday company will shut down, ethics should be first priority of the business person. |
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Rate this: +38 -3
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Pankaj said:
(Sun, Oct 23, 2011 12:43:25 PM)
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| Ethics mean moral values. But if we talk about ethics in business, it will be a bullshit. Ethics sounds good in books only. The business runs only over being unethical. |
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Rate this: +4 -37
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Sarita said:
(Mon, Oct 17, 2011 06:41:22 PM)
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| Ethics give us a paltform to grow and also help to success in life. |
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Rate this: +19 -8
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Surojit Saha said:
(Sat, Oct 8, 2011 09:34:29 PM)
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| My dear frnds, what do you mean by ethics in life?i think ethics is the moral values inside us that we follow in our life. In personal life as well as in professional life ethics is necessary. Wihtout ethics may we can succed in short term but not in long term. Similarly ethics in business is necessary because without it a company can earns profit in short term but not in long run. Recent scams like 2-g scams, satyam scams, commonwealth scams, adarsh scams are best way to show that without ethics in business no one can succeed. So ethics in businees are just passing a fad is absolutely wrong in my opinion. |
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Rupal said:
(Fri, Oct 7, 2011 02:16:06 PM)
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| Without ethical practices no business can succeed in long run. Someday your unethical cloak will burst out. Take the case of Satyam or 2G spectrum, no one was able to hide these practices for long. This in turn lead you to a bad image creator, besides attracting government interventions. Taking all these things into consideration, the companies today are having a separate department called "Corporate Social Responsibility" in their companies to keep a check on their ethical practices. Hence this statement of Ethics being a passing fad is totally wrong. |
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Rate this: +16 -1
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Suresh said:
(Sun, Sep 25, 2011 12:00:42 PM)
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As per my point of view ethics is the key for success in business and to win the believe and faith of customer.
Ethics is the primary consensus towards our responsibility and role for business or organization. Without ethics only we can create a lethal condition for us and our organization as well (satyam case, 2g scam). Ethics help us to reach at our mission.
Thanks. |
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Rate this: +2 -10
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Reema Sen said:
(Thu, Sep 15, 2011 11:08:43 PM)
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Hi,
Business is basically defined as a veture in wich a group of people have invested money in order to gain profits! but wen can you be successful?? only when you win the hearts of consumers! the integrity,the social responsibility u maintain matters a lot...a true and fair business leads to great hights but on the other side,selfish and unscrupulous promotion will neva take you up...a non moral and illegaal business is a mere waste of time as "what is the use of running when you have chosen the wrong path"?? hence i conclude, a lawful and genuine business brings more reputation and image. |
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Rate this: +48 -4
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Pankaj Bani said:
(Wed, Sep 14, 2011 06:15:57 PM)
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| Friends thanks for your view. As per my view ethics are really necessity for business concern. Business depends on relation between people, which can be affect by the way of their business concepts and strategies, profit is not only a thing which can help your business to grow and survive, more is the requirement that is moral values. Nowadays many entrepreneur are getting success only because of their ideas and ethics. |
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Rate this: +8 -1
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Souvik Mishra said:
(Tue, Sep 13, 2011 11:16:09 PM)
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| Ethics of business includes both profit as well as moral values. One should not go for a loss in business seeing only the moral ethics, also one should not give up his values and look only for profit. There are variety of business activities which are strictly based on profit like real estate constructions where selling is done seeing the standard of the consumer. But others like commecialised hospitals should be based on moral values at first then profit. What is really important to know is that making profit is not losing moral values, rather if you make profit in your business you can do several works which will enhance you as a person as well as social being. There are many business which degrade one's moral ethics like black marketing, smuggling etc but otherwise business is so run by certain sense of ethics. |
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Rate this: +27 -2
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Shakil Chand said:
(Sat, Aug 20, 2011 02:59:40 PM)
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Friends thanks all for your thoughts. According to me ethics is the most important thing in Business. The most important thing taught to any child by his/her mother is to follow ethics where ever he/she go. SO while establishing any business we should not forget our ethics in greediness of profit. Some of my friends said that ethics in some aspects is necessary today, but friend losing your own basic (moral) value will definitely give you a jump in your profit graph but you will not succeed in the last. The profit you got will remain for some time and temporary. But it will not give you joy and peace which you should deserve after all your hard work (Eg. 2g scam) , Because your inner soul knew that what ever success you got in business is not according to morals.
So according to me please follow ethics in your life for peaceful success. |
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Rate this: +45 -6
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Ratan said:
(Sun, Aug 14, 2011 11:34:11 PM)
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Ethics directly deals with motivation of doing any work based on ideas of right or wrong. In case of business ethics play a major role. One thing is very clear to all of us that being right is always right in business but what about being wrong?
Here comes the real situation, when you are in the wrong path first thing you have to forget that you are in business and then go for anything. It can easily spoil your and your company's business status, So without doing any argue always choose the right option. |
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Rate this: +7 -3
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Nitin said:
(Tue, Jul 26, 2011 10:38:56 PM)
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The concept of business is not static.It has to consider its surroundings. The present topic says that ethics in business are just passing fad but I am not completely agreeing with this. The thing which should be cleared first is to decide in which area ethics are more important. I believe the issues relating to consumers/investors should be fairly ethical as it would create a hardship to the genuine people. As far as compliance to the regulatory policies is concerned the business may decide how to cope up with that in different situations. Like if a firm creates secret reserves for future expansions and pays less tax then there is nothing bad in that. In conclusion I would say that that following business ethics completely depends upon circumstances.
Thank You. |
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Rate this: +18 -9
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Vikram said:
(Sun, Jul 24, 2011 07:03:11 PM)
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I am agree with everyone statement but according to me ethics are those internal part of a person which helps them to make him capable to do the things on his own way. If a person has ethical values than he never tries to befool people instead he always try to understand value of his follower. For example tata has good ethical values that why till today people are so long associated with them whether they are employees, stakeholders or consoumers.
Ethics can not be stolen from other person or business but these are the moral values which contibute to the development of nation by way of developing economy and by way of developing people. And if one is strong on his ethics than according to me no one can make that person fool at all. |
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Rate this: +8 -9
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Shoaib said:
(Fri, Jul 22, 2011 12:42:43 PM)
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| With due respect I must say with out ethics no business can survive in the world. Business and society goes hand in hand what we are taught is that there is a social responsibility on business. Had ethics not been followed by the corporate sector in India or anywhere in the world it would have never been on peak. Today we see 74% of National income is formed by business sector of India. Tata's, Birla's, Ambani's would have never existed had they not followed business. |
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Rate this: +7 -10
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Govind Dwivedi said:
(Sun, Jul 17, 2011 03:46:05 PM)
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As per my point of view ethics is the key for success in business and to win the believe and faith of customer.
Ethics is the primary consensus towards our responsibility and role for business or organization. Without ethics only we can create a lethal condition for us and our organization as well (satyam case,2g scam).ethics help us to reach at our mission.can any organization can stay in the market without ethics? Really it is a very big question and answer of that is "no". If not like that than i am damn sure that Wipro, Accenture,TCS,ITC,and other reputed organization were closed at their starting time ...thanks |
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Rate this: +58 -6
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Subhajit Palit said:
(Fri, Jul 1, 2011 04:04:24 AM)
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| Ethics according to me is the inner consensus, so it depends on which filed or situations you want to use it, but make sure in business you have to use ethics such way that it both keep your inner consensus and also benefits you in business. The blending should be proper. |
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Richa said:
(Thu, Jun 30, 2011 10:12:00 AM)
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| According to me all these things, I mean ethics matter when your inner sole allows you to do those things, sometimes even by doing things in a right manner you don't success or you remain unsatisfied, than time comes when you don't consider things like your own moral principles. As a business man if you go on following your Ethics and people come and fool you so you remain no where in this Competitive world. So I disagree with this thing. |
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Rate this: +5 -4
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Rahul Gulati said:
(Wed, Jun 29, 2011 09:55:08 PM)
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| Ethics in a business are passing fad in a country like India. Because in India, nobody follows the rule and regulation. But ethics are a base of business and these are always necessary for a successful business. |
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Rate this: +3 -3
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Dharu said:
(Mon, Jun 27, 2011 02:53:45 PM)
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| Ethics is very important in a business as it helps to create your goodwill in the market. Non ethical practices adopted come in the picture though late, but the culprits have to pay heavy prices for it because they have to face ir-repairable loss. |
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Rate this: +7 -1
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Ambika said:
(Tue, Jun 14, 2011 11:12:07 AM)
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| Ethics can never mislead you. I believe people who do business with ethics have self conscience and will never bluff consumer. It's all about consumers. In one of the blogs I read that ethics vary from person to person but what I think is that essence is same in every person following ethics. In long run you will be more successful and in demand which is better than having success temporarily and then getting insulted from others and your own self too and loosing everyone's trust. |
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Rate this: +20 -7
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Micky said:
(Fri, Jun 3, 2011 04:34:33 AM)
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| Ehtics are essential in business as they are in all walks of life. Business depends to a large extent on the faith and corporation of people and other organizations. Bussibess ethics boost the goodwill among the organizations and faith in the people. |
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Nalin said:
(Sun, May 29, 2011 09:40:40 AM)
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Ethics in business create value proposition in business, It create huge impact towards consumers, it create brand loyalty towards customers, as well as benchmark towards company to maintain quality scale in their product, Business Ethics lead huge success for company for long run.
By adopting business ethics company can also achieve competitive advantage. |
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Rate this: +4 -0
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Aushi said:
(Sun, May 29, 2011 01:51:41 AM)
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| If we want our business for long flourish we should follow ethics in business activities but for short flourish companies ignore the ethics to compete the market. So I think ethics in business are essential but in limited manner. |
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Prabha said:
(Tue, May 24, 2011 05:07:38 AM)
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| In my point of view ethics in business is essential.but we cant say that whole organisations in this corporate world follows ethical values and rules,violating ethics enormously will lead to the ultimate failure of those organisations.because people will loose their faith and trust in those organisations.In life also ethics has real importance.if we follow right path,we can enjoy what is peace in life.business is also like that,if we follow ethics in business,we can enjoy the sweetness of success. |
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Rate this: +7 -0
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Logu said:
(Mon, May 23, 2011 10:29:52 PM)
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| Ethics is simple said to be work done by employ to a company without wasting our working hours. Ethics is more important to each and every thing including the government who giving words to make our state in proper way, but they itself not following their ethics, when they got the posting they starts ****** the peoples efforts through the name of tax and increasing product values. Each and every people follow the ethics properly then only we can able to make our village, town, city, state, country and world in to a developed world due to proper ethics. |
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Ashish Mehta said:
(Mon, May 23, 2011 10:13:58 PM)
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Business without ethics means person without character. So, fate of unethical run business will be the same as fate of characterless person in long run.
Business is for profit, but profit should not be everything. Business should run with ethics...means should follow government rules and regulation, guidelines of taxation/ auditing, maintain environment, follow pollution guidelens...In short it should minimum follow land of the rule...
Many examples are available arround us where prolific bussinessed closed down due to cought in unethical practces like Satyam Computer, Maradia Chemicals. Evry one knows Satyam - will not tell. Maradia had closed down because unethical disposal of effluent and damaging land and soil. GPCB had taken a stringtnt actions and unit closed down. |
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Ritu said:
(Sat, May 21, 2011 02:51:28 AM)
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| Ethics are very important in every walk of life, be it professional of personal. If you behave ethically in your personal life this will definitely reflect in your professional life. Unethical acts and behaviour would not help you in long run, one day or the other it will come into picture eg:2G Scam, many big corporations and corporates were involved, now they are behind bars, CWG Scam the organiser chairman got arrested, Adarsh scam where all politicians and bureaucrats were involved but at the end they have to pay for it. The Satyam Scam where there accounts were falsified, yes ethics is a passing fad for sure because people are behaving unethically, without any fear but seeing the recent actions taken, ethics are going to be back in place. |
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Rakesh said:
(Thu, May 12, 2011 02:55:25 PM)
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| I do agree with this partially because only those organisations are at top those follow do ethical business practices. Like Tata group, M & M, Hero Honda, etc. Because these all are stick to their ethics and values. On the other hand groups like Satyam which looked forward for short terms and unethical practices is not in market today. So ethics in business are always pay. |
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Aadya Yadav said:
(Tue, May 10, 2011 01:23:02 PM)
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Yes I do agree with it. Nowadays business practices have become unethical which is leading to corruption all over to list a few.
1) 2G-scam.
2) Satyam scandal.
3) AI strike due to inefficiency of d management and greed of praful patel.
The aim of every organisation is to increase their profit and pace up the production which makes them resort to unethical means for tender passing, loan approval.
But going by the the chicle "good always wins over the evil". All d malpractices will sooner or later be exposed because the consumers and the government is not ignorant. Resorting to unethical means only acts as a hindrance in the smooth functioning of the organisation and leads to consumer being more skeptical.
Thus ethics should be respected and implemented by everyone. |
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Rate this: +9 -0
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Priya said:
(Tue, May 10, 2011 01:20:06 AM)
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| In my point of view ethics are the very important in ones life because without knowing the ethics we can say a persons life is in hazard only. Why because if he doesnt know the ethics he cannot survive in the world. He cannot judge what is good and bad. So as concerned about the topic ethical values plays a major role in society from person to person. On leaving the values either the company, customer, individual might not fall in risk at he time but later it may effect. |
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Muskan Sharma said:
(Wed, May 4, 2011 02:18:26 PM)
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| I do agree with the topic but not completly, so i would like to add on my view points that Ethics as rightly said by amandeep that it gives us mental strngth and ability to choose a right path and even it gives us the confidence for what we choose and our inner soul is also satisfied and has no guilt. I think what ever we do,whether its just a choice between what to eat or what to wear etc it is just done on the basis of our inner satisfaction and this satisfaction we can only get with our Ethics which are already their inside us but its just how we take it. Therefore, I conclude by saying that no doubt Ethics seems to be just a single word but the abstract meaning of it is so wide. It depends upon person to person, what they choose in their life, a successful life with guilt or a succesful and happy life with no guilts. |
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V.Sulochana said:
(Tue, May 3, 2011 02:41:01 PM)
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| I am Sulochana. I think that ethics plays a pivotal role in any geographical area. These practices will helps to attain a brand value to the company. Not only the company but also human life also. |
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Radhi said:
(Sun, May 1, 2011 09:31:52 AM)
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| I can't accept that ethics in business are just a passing fad. Ethics is very important in business because it used to minimize misbehaving in business and it shows the business person responsibilities. So, the ethics in business will reduce the harms which will arise by business to environment or to humans. |
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Akanksha said:
(Tue, Apr 26, 2011 02:01:44 PM)
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| Hi, Regards to all my friends for your valuable thoughts. I would like to add up that ethics are golden possession of a person or an organisation for sure, but in terms of business I think its better not to concentrate so much on ethics. If we try to do what is correct and be purely professional it will surely benifit us. As we can say it rightly MORALITY WHILE MORALITY, BUSINESS WHILE BUSINESS. |
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Raj said:
(Tue, Apr 26, 2011 01:53:32 AM)
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I would like to add few points this topic, Ethics is now a days become business jargon if you see in teal term hardly we can see that corporate or people in organisation following business ethics, now day everyone showcase we follow it in real time we manipulate for our interest.
I'm agree on the points ethics is fading day by day, sincere effort required. |
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Abhijeet Bodhale said:
(Sat, Apr 23, 2011 09:55:16 AM)
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| I am not agree with ethics are only just passing fad. Because ethics are really important for business as well as for stake holders also, stake holders include share holder, supplier, debtor, customer, government and public at large and due to ethics and their social responsibility create business's good image and people can trust them. And goal of business should not only profit maximization but profit in ethical way. Which will good for everyone. So now a days ethics are integral part of business. |
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Ajit Sahoo said:
(Fri, Apr 22, 2011 08:11:26 AM)
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| Ethical business is very successful in future time as well as it's helpful in human life. Ethical business create better brand name that increase your business. Corporate world always said ethic is not there but over time period always that business man suffering without ethic. Ethic always help to our life. |
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Rajkumar.G said:
(Thu, Apr 21, 2011 06:52:15 AM)
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| In my point of view success or failure of a business is mainly depends upon the Ethics it follows,If the ethics followed by a business have humanity,quality and truth as motto definitely it will succeed otherwise if it have only profit as motto it will fail.so I conclude that ethics in business never fade it is the root for success. |
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Rahul said:
(Thu, Apr 14, 2011 08:08:01 AM)
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| Ethics is just simple word but has so much in it. The business organisations responsible nature towards their client, customers, to their surroundings. But different ppl hav differnt opinion among what ethics to follow. As in a small fair pricing, fair quality, better enviornment fr employees. So in last I wana conclude I agree with the statement ethics in business are fading. In quest fr profits organistaion losing on ethics. Quality being compromised first then use to wrong advertisements. Poor place of work fr employess. Unfair price charging. Jus take the example of onion shortage jus few months back shopkeepers started stocking it n selling it a higher price. So ethics are fading off. |
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Deepika said:
(Tue, Apr 12, 2011 02:28:49 AM)
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Each and every person on this has their own values/ethics. Not only in bussiness in each and every job we do we should have ethics. Any onein this world doesn't give value to aperson who doesn't follow ethics. So, friends ethics are necessary in bussiness.
And friends for example if there are two shops, one respect us and it has medium cost and another without any ethics and have low price instead. Which shop we choose 2 go? suely da first onee almost all da people.
So, ethics have a great value in bussiness. |
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Nandkishor said:
(Mon, Apr 11, 2011 02:07:11 AM)
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| I want to make a point here. I too disagree that ethics are passing fad. Because ethics and values are the main things that ties multiple persons into one group allowing them to work together in order to achieve success and reputation of the organisation. It is very true and obvious that more than 1 person do not have the same opinion or same perception for the particular thing. So in this situation ethics comes into the picture and plays very important role. Ethics are not just set of rules, moreover this are the keys for the success of the organisation, which ultimately brings individual success as well. |
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Neeraj said:
(Tue, Apr 5, 2011 05:49:12 AM)
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Talking about the ethics in business life I would like to say that working in a business environment do require some ethics or the rules but that varies from an individual to the other.
Even in your fqmily there are some rules but that doesnt mean you jst have to follow only dem if yours decision can benefit yours family then just apply them.
Same is the case with your business the rules that were made originally might have dine tveir work for whuch they were made, it is nw the time to change dem or bring them to an upper level so that you can make the maximum benefit.
Changing the ethics for some improvement is a much better option. |
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Rakesh said:
(Thu, Mar 31, 2011 07:16:58 AM)
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| I feel ethics in Business is basic need for any organisation. As told by my friends that ethics vary person to person so it may lead to conflition among the person but it can be rectified by an organisation by setting its own rules that should be followed by each individual working in that organisation. In long run company growth will be multiplied by sticking with the ethical rules made by it. |
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Rate this: +2 -0
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Poonam said:
(Thu, Mar 24, 2011 02:19:54 PM)
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According to my point of view for running a business and for making customers or client you should have ethics because everyone likes good ethics person.
In industry also "ethics is just a passing fad" because if you don't like anybody then you can't say this on his/her face. There also you have to follow ethics and for making good terms with any body you have to follow your ethics and in Hindi there is a proverb. "jo kaam gusse se nhi ho skta vo kaam pyar se karvaya ja skta h". |
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Rate this: +0 -3
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Sailaja said:
(Mon, Mar 21, 2011 03:06:57 PM)
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| In my view ethics are necessary to run a business.Ethics are the one that are created by our elders who are well experienced than us.There is nothing wrong to follow the path shown by our elder people.Ethics are important to run a business smoothly for a long period of time.They are kept to save our culture and to tell our limits.so at last I conclude that ethics are important not only in business but also in every area in the present situation of our society. |
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Rate this: +2 -0
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Neel Singh said:
(Sun, Mar 13, 2011 12:36:55 PM)
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| I think if want a long term profit and sustainable position in corporate world then ethics will be a platform you to grow. One should have a perfect combination of business professional and ethics and use at right time and right place. |
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Arun said:
(Fri, Mar 11, 2011 09:15:02 AM)
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| I completele agree with the above mentioned statement .Every company seems to have norms and conditions .They speak a lot about business ethics , quality decorum etc just to maintain a certain image . But as you enter the company you will get to know how people rephrase their own words and how people play with others. Its the individual . I dont mean to say all are like that but most are like that who tend to misuse their positions with their sugar coated words which mean nothing.Thats how business these days work |
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Rate this: +6 -0
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