Points to remember before you participate in this discussion:
|Seersak Joshi said: (Oct 21, 2017)|
|In my opinion, ethics is equally important as that of business because we all know that a person's character may be known from his or her behavior or ethics. So it is very important for a businessman to maintain ethics as the consumers are much attracted to those persons who have good ethical value or good behavior.
So according to me first, the behavior should be emphasized rather than business, after all a good business man's personality is judged by his behavior.
|Duncan said: (May 5, 2016)|
|Ethics goes hand in hand with the success of the business although some may argue differently to win the trust of the public whom the success or the failure of the firm depend on upon the business has to uphold ethical practices at all levels of the management.|
|Vandana Singh said: (Apr 19, 2016)|
Ethics are actually the unwritten and traditional keys to success. All successful people have ethics associated with them.
If we speak about ethics in business it is very wrong to say that it's the only pretence, actually, it depends on from owner to owner.
If a company follow its ethics and satisfy customers need without any compromise they can win customers trust, which is really required to succeed in today's competitive world.
|Zaid said: (Oct 5, 2015)|
Ethics is always considered to be the core of human values since the inception of living creatures. Especially in a country like India which is well enriched with religious values and culture, we consider our moral values to be very high. But lets face it now. In lure of getting success, the era in which we are breathing the definition of ethics is self centered. Human values should be the "end" not the means!
Take example of all the recent major scams. Recently Volkswagen emission test scandal or Sathyam scam or coal scam or Enron. One person commits a fraud or unethical behaviour at the top management. Now knowingly or unknowingly the subordinate supports that fraud considering it to be the means to earn more or be more recognized. Thus, sacrificing our own ethical values in gaining short lived pleasure of success.
Anyways, there always going to be a battle between economic progress and ethics. One has to compromise the other to reach new heights. May be some unethical behaviour favours new job creations, eradication of poverty and making one country look more brighter than the other. As many truths are still hidden of why some countries are emerging so fast.
The best alternative should be "To look at the larger benefit of society and people".
|Ajinkya said: (Jun 11, 2015)|
|I would like to add some extra point in this discussion. First to follow 'ethics and compliance' is very needful for every organization to succeed in these competitive world. If we give better service and satisfaction to customer, it will be very easy to achieve our targets. There is no any shortcut for long-lasting success. It will take time but your career will be best.|
|Rohit Kumar said: (Nov 18, 2014)|
|Hello friends, as per my opinion ethics plays a very vital role in Corporate, India is developing country and everybody is aware that what is right and what is wrong, if the company is promising to provide the value and the services and not to hang on their commitment, it will reflect the mindset of customer so it will not be good for long term business.
As we all know that 4 satisfied customer make 1 loyal customer. If the customer will not satisfied with the product and the values of the product which was offering by the organization. The reflection will be show on the business of company and ultimately the business will declined.
|Ajit Kapoor said: (Sep 24, 2014)|
Ethics is your integrity and your commitment to carry forward it even in an-appropriate circumstances. A business builds of a value and that value is the effect which attracts the customers towards the business.
There have been successful businessman who have been known for their integrity and ethics in business. The best example for this will be TATA. The brand equity which your brand develops for a long period of time is a function of the ethics for which the company is known.
To create sustainable and profitable businesses, ethics are very important. Such is the strength of ethics in business that it also helps a company to diversify into other segments or new markets which are not its core competency, but the Business gets success due to its ethics.
One of the good example can be Mr Raju from Satyam who keep fraud his shareholders, and you can see the result where he ended despite being a very rich person for nearly 8-10 years. "Sustainability" is something which can only be achieved by ethics and hence results in profitability and successful business.
|Ranjeet Kumar Choudhary said: (Nov 21, 2012)|
|Hello friends I want to initiate the topic "Ethics in Business are just a passing fashion" & of-course I am totally satisfied with the given topic, In this competitive Era every buddy wants to see himself at the top of business world, and for that they can do any things doesn't matter that are Ethics or not.|
|Himani Sheth said: (May 3, 2012)|
|I agree with most of the participents in this discussion. In my opinion as well, Ethic is one of The most important thing. To set up any kind of business, the basic thing that one needs to understand is the customer need and satisfaction.
Once the trust is lost, Its lost. Its not very easy to convince an experienced person. At least not in the competitive world of today. as mentioned by many of you, Tata tops the list of customer need and satisfaction. He's made the dreams come
true the commen man and the man who does not want any of his belongings to be commen..
on the other hand we have brands like reliance that offer a good product at the best price. most of the poor would pick reliance product if they dont have too many choices. which is why they'd probably choose it. where as people who are
well versed with the other brands and the value for the product would care more for the best. That's where reliance fails.
But, I 'd get slightly diplomatic and agree with neha..., that be it right or wrong, many corporate giants have been and will be unethical in one or the otherway and would add numbers to the revenues just to get more publicity or increase sales..
for that matter, Advertisements play the biggest role.., 8/10 ads exaggerate the result of the product.. most of them succeed in gaining trust. but how many products actually give the exact outcome of what we heard in the ads?
I HAve fought musquitoes while the "all-out" coil was just a foot away!
|Shreya said: (Mar 13, 2012)|
|The topic draws our attention to as to how ethical practices are related to business. Ethics are an integral part of any business association that seeks to survive and flourish in the long run. People have a deep faith in organistions like TATA because it never compromises on its ethics and as a result, has greater customer satisfaction and correlated business growth.|
|Alisha said: (Feb 9, 2012)|
|Business ethics are the foundation of any good corporate culture. If going ethical you can no longer stay on that top position.|
|Pooja said: (Dec 19, 2011)|
|yeah i agree presently all are wants to be the top businessman. nowadays business is going business for business they don't have ethics in their business. so the topic is entirely correct.|
|Pranay Gupta said: (Nov 15, 2011)|
|I also agree with the statement that ethics should be followed in business because the person running its business using unethical practices will never succeed in the long run for example satyam computer chairman raju did a fraud in its business and he is in jail now but ratan tata the classic example in running its business using ethics practice he is a very successful businessman n people admire that one.|
|Neha said: (Oct 27, 2011)|
|In my point of view ethics is not at all a passing fashion in business. Because every bussiness runs on the reliability of customers on their product. A businessman can earn profit with unethical rules of their business but only for a short time. In doing so he loss the trust of customers which results in a huge loss to their business. And at last people purchase the product of those companies on which they trust regarding their good services whether it may be some costly to them.|
|Manoj Solanki said: (Sep 20, 2011)|
|Hi friends I just want to say that ETHICS matters a lot in business. If someone not have ETHICS then he will be not success for a long time. But if person is have Ethics then he will be a very successful person. Like Bill gates, he is very successful man because he have Ethics.|
|Ainam said: (Jun 7, 2011)|
|Hi friends, I don't agree that ethics are just the passing business in our business world. In today's world, we still consider those companies and brands who have good business ethics and moral values. For example- reliance India company or aircel have a good name but not trust of the people as they provide very bad networks and services, in order to promote their products they repeatedly go on adertising their products and provide cheap offers so that customers get attracted to them, but mostly it does not happen. Though they have good customer ratings because of poor people who cant afford so much expense in mobiles and all.
On the other hand, people get attracted to those companies like airtel and vodafone have international connections and also have good services and provide best offers to people for people. They are the leading companies in the matter of mobile companies.
|Milind said: (May 20, 2011)|
|Trust of customers totally depends on Ethics. Unethical things may work for short term profit but for long term profit business should follow ethics. What is brand name? I think that represents trust of customers. We purchase the things of which brand on which we have trust example Bajaj Group known for good and economical vehicles, they buid trust by ethics. Now people also purchasing their other products like Electric household appliances etc. So I think ethics is one of the most important factor for survive in this competitive business world.|
|Amey said: (Jan 25, 2011)|
|I believe unethical practices can only get you short term gain..for a business to succeed the company has to build a everlasting relationship with their customers, by making use of unethical practices, they cant last in this tough competition for long, this lesson was learned by Mr, Raju of Satyam the hard way..When you think of TATA group, the first thing that comes to your mind is their integrity and ethics, so the customers are assured of quality from TATA|
|Himani Chandel said: (Dec 2, 2010)|
|Value based organisations, such as Infosys, has demonstrated that even so-called soft concept can be very powerful. As ethics covers all the possible areas of business, end and means should justifiable as per the norms of society. Rather than to become showy characters businesses should integrate core values, such as, integrity, honesty, fair practices, trust, respect with policy making and decision making.|
|Harish Patidar said: (Nov 25, 2010)|
|In today's world ethics is much more important, if you don't cares for others you would not go longer but you can earn only short term profit. Let take a example of Ratan Tata men who knows the values of others and made a car in just 1 lakh rupees for peoples who dreaming for a car. Other side take example of Bhopal gas tragedy in which thousand of people lost their lives, just because of irresponsibility. Here men doesn't know the values of peoples and then he flies off from India and today he, Anderson is neither a good business nor a good men.
So friends one should know the ethics for business then only he became a good business men.
|Reddy said: (Nov 23, 2010)|
|According to my perception being ethical shouldn't be a rule to be to be followed by people. Being ethical should always be fire in the heart of a business men in the business world and also other people which helps in building a minor but the most important relations and people which is quite essential for the development of an organisation.
Ethics is an hidden and always driving force for every corporate individual which can be proved through the development we gain till now in business sector. So ethics is never a passing fashion.
|Nazima said: (Nov 15, 2010)|
|Ethics play a very important role in doing our own business. Because every individual has its own perception, the ways to smooth-running of their business. Some people who are humorous follows ethics and who are not they won't, being ethical actually matters a lot for our business in achieving long term goals.|
|Viji said: (Nov 12, 2010)|
|My view about this topic is that one cannot be a good businessmen when he has no sincerity and fails to follow the business ethics. It is like cheating the people and their ownself.
So to be a good businessman and a good individual one must have their own rule towards their business goal.
|Neha said: (Oct 29, 2010)|
|Ethics to me is a highly individualistic term. Ethics in real term cannot be generalised, the thing which seems ethical to me may not look ethical to you. However, I am not supporting being unethical. Ethics in business is good to follow. But we can see many corporate giants (its not right to mention the names on a public forum) who have being unethical in one or the other way and are adding numbers to its growing revenues.
Ethics are highly dynamic in today's competitive era.
|Ankit said: (Oct 7, 2010)|
|In the world of business profit are the measure of the success, so for the profit no one cares for ethics. Now a day Ethics are the only world which is just added in the corporations code of conduct.|
|Vivek said: (Oct 7, 2010)|
|Yeah I agree with you Kapil that every one wants to be the top businessman. But they don't have ethics in their business they cant go to the top. You can gain short term benefits if you are unethical but to gain long long term goals or to become a great businessman you should have ethics within you and in your work.|
|Kapil Rathore said: (Jul 13, 2010)|
|Hello friends i want to initiate the topic "Ethics in Business are just a passing fashion" & of-course i am totally satisfied with the given topic, In this competitive Era every buddy wants to see himself at the top of business world, and for that they can do any things doesn't matter that are Ethicist or not.|
Ethics in Business are just a passing fashion
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