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Role of Ethics in Business

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Poonam said: (Tue, Jul 22, 2014 12:30:27 PM)    
 
Ethics in business is important without it we cannot achieve any satisfaction or profit or integrity and support from the people or from the business. Business involves people and everybody Need their fair amount of returns. It's gives transparency and long term profit and as a person we should have a social responsibility were our surroundings be benefited from our business. This would be a small contribution towards the country.

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Mcm said: (Wed, Jul 9, 2014 04:25:30 AM)    
 
Ethics is the discipline dealing with what is good and bad and with moral duty and obligation. Ethics in business nowadays is being unnoticed because the mindsets of the people are focused on gaining profit. Although the business' main objective is to gain more profit and survive in the long run, they should also take into consideration the ethical values because somehow ethics can contribute in the success of a business as cited in the article on Integrity and Ethical values of Dan Feder. Having integrity and excellence can gain trust and loyalty from customers or people around the business.

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Shubham Jain said: (Fri, Mar 21, 2014 12:32:38 AM)    
 
Moral values are important for everyone's life as they helps us to escape from worst part of life. So being ethical is good for business, it will take some time to be succeed but finally you will goal your mission.

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Raj Mahor said: (Sun, Feb 9, 2014 02:56:57 PM)    
 
In my opinion, business and ethics can't go together because in today's situation with immense pressure and competition, its not so easy to become successful with ethics.

When we follow our ethics, they hinders us from succeeding as they squanders time.

Ethics are generally bounded by religion, moral values. Such things can not work in business where you are expected to be professional and practical. A businessman should know how to handle pressure and competition and not to be ethical. People today judge you on money and not on ethics.

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Santosh Kumar said: (Tue, Feb 4, 2014 11:55:39 AM)    
 
Ethics is good only in real life not for business. Motive of business to earn money and to run successfully. But it dose not mean that we makes business unethical because there are two parameter to judge it. First is be human kind in life and second is be a look forward in business. It is depend on different field even if that is something else.

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Mir said: (Fri, Dec 27, 2013 04:27:29 PM)    
 
Ethics to Business is like, man to business. If man do not have moral ethics therefore business has no ethic as well, because it is man who govern business.

Business do not reason nor initiate its own social responsibility but only as a juridical being, man is a rational being that governs in the business.

Conclusion: If a business is not ethical therefore the people in the business are not ethical.

Provided further, ethics is to be value and not to value ethics because man-business are compose of ethical and unethical or moral and immoral, it is then we'll be able to discerned if we define ethics by our own values.

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Divya said: (Sat, Nov 23, 2013 10:45:47 PM)    
 
In my opinion, ethics are the moral values, culture and belief which should be followed by the organisation to be successful. If a company wants to attain more profit in short duration they will go for unethical practices because through ethical means company gets a profit but it takes a long time.

The top management of the company makes sure that the ethical practices should be followed by each individual within the organisation then only company will attain the trust of the customers. Ethics not only gains trust of customers, but also of stakeholders, shareholders, owners, investors and employees of the organisation.

Lastly the business which follows ethical practices will do the development of country as well as the society and the industry in which they operates in.

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S.Srinivasa Rao said: (Mon, Oct 28, 2013 07:43:43 PM)    
 
Hello. Actually I didn't have any idea on ethics in business. But after seeing your discussions, I've got an idea. Ethics is important in business to gain long termed profits. By this the company feel safe and secure. The company may not develop faster but haves a trust of their customers. So ethics play a very imp. Role in business.

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Manitbhaijaan said: (Fri, Jun 7, 2013 05:15:01 PM)    
 
According to me "Ethics is knowing the difference between what you have a right to do and what is right to do". It is true that morals and values differs for an individual, concerns come in our professional lives. When people at work pressurize you to things, often we ignore our ethics.

For:

- In today's situation with immense pressure and competition, business and ethics can't go together.

- A couple of times because we follow ethics, it hinders us from succeeding because it squanders time.

- Ethics are usually bound and nurtured by religion, family values etc. Such forms cannot work well in business where you are expected to be professional and practical.

- A businessman should know how to handle pressure, stress and competition and not how to be ethical.

- We all want to make quick money. In today's market, being ethical takes a toll on you.

- Ethics unlike a balance sheet don't have visibility. People today judge you based on money and not ethics.

Against:

- Ethics makes you stronger and independent. People can't deceive you easily.

- Not following ethics makes you a selfish person.

- There is nothing wrong in making profit. But, making profit by unethical means could cost a lot of people harm, mentally.

- Customer's perspective is to link with a company with ethics and values. They know that will never be forged.

- Being ethical in business creates a sense of responsibility towards society.

Morals and values are extremely individualistic. It's incorrect to say that you can't succeed if you are ethical in business. You will probably take some more time to succeed. You can't force someone to follow ethics.

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Madhusree Datta said: (Wed, Mar 13, 2013 09:01:30 PM)    
 
They say that "Ethics is knowing the difference between what you have a right to do and what is right to do. It is true that morals and values differs for an individual, concerns come in our professional lives. When people at work pressurize you to things, often we ignore our ethics.

Morals and values are extremely individualistic. It's incorrect to say that you can't succeed if you are ethical in business. You will probably take some more time to succeed. You can't force someone to follow ethics.

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Amansaxena94 said: (Mon, Feb 4, 2013 11:25:55 PM)    
 
Ethics is moral standards of individual to being good at corporate sector and socially with society.

To build such better image of company by internally and externally ethical culture of corporate in mind of stakeholder play very vital role.

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Gaurav said: (Mon, Nov 19, 2012 12:21:17 PM)    
 
Ethics will gain importance in the coming years because you can no longer fool people in India with the advent of media and rising literacy rate.

Today's youth wants to work in a company that is highly respected, same can be said about consumers who want to purchase from a well known sources.

So ethics is no longer a fad but is going to be a compulsory norm for companies.

And the day it will be; India will truly be a superpower.

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Vijay Kumar Bojja.Niper12 said: (Wed, Oct 3, 2012 02:47:18 PM)    
 
Assume that there are two companies which are competitors in a field. Both produces high quality products. To grab the market share of one company, another company follows unethical practices. Because there is no other alternative option.

According to the companies view, its a type of marketing strategy. But if they caught by doing unethical things, then it negatively affects whole business.

You can observe this type of case between Hindustan Unilever vs P&G etc.

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Anil said: (Sun, Aug 5, 2012 02:01:24 PM)    
 
If we talk about the ethics in business, ethics means legally achieving the company objectives and filling the bank balance. But Indian business is totally corrupted it means if we want start new venture we have to pay some amount in illegally then only we can get permission, and starting to end of the day business people are involving in illegal activities.

So, present days its some more difficult to find ethics in business.

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Mohammed Nayeemuddin said: (Wed, Jul 18, 2012 07:15:37 PM)    
 
Ethics in any business plays a vital role in long term. Doing unethical practices may give quick and huge benefits but it is like digging your own well. If any business firm or any individual who commit unethical practices will not be successful in long term. Best example is the IT giant satyam.

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Akash Bansal said: (Wed, Mar 21, 2012 12:41:11 AM)    
 
First of all, I would like to aware you the word ethics, ethics means the value, belief & culture. Acc. To my perception, ethical business always keep far away to get trouble and it is shown proove to be best for long term time period. Non-ethical business is the quickest way to get more profit for the short time period, after that it is not be able to carry on further business because till that time, lots of problems will have got by the co. Ethical business has transparent transactions which is answerable to the stakeholder of the co. With their fully satisfaction easily.

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Raheem Taiwo said: (Sat, Jan 28, 2012 10:37:27 PM)    
 
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.

Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns.

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Akbal Ansari said: (Thu, Jan 5, 2012 12:37:28 AM)    
 
As ethical behavior comes to the forefront, more and more companies will be taking these steps to ensure that the ethics of their company and its employees are unassailable.

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Neha Gupta said: (Tue, Jun 28, 2011 12:09:48 AM)    
 
Ethics are the values, roles and responsibilities which every one should adopt in personal as well as professional life to get succcess.

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Gd_Prep said: (Wed, May 11, 2011 03:04:51 AM)    
 
Ethics means the ability of a person to follow the right conscience during difficult times whatever the situation may demand, he should give in to the unethical practices to gain short term goals and profits. Apart from achieving corporate goals, a business has certain responsibilities towards the society, stakeholders, employees, etc. By running the business in an ethical manner, we not only earn the good reputation in the global corporate arena but also create a positive vibe ans amiable working environment among its investors and employees. So to maintain a long term relationship, we should take unethical practices.

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Saurabh said: (Mon, Feb 21, 2011 12:51:06 PM)    
 
I also believe that ethics are vital to be there in an organization if it wants to survive for a long period of time.

But now a days, globalization has made things possible for different companies to do the business in any country and these companies don't care about the moral and ethical values that are supposed to be there in them.

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Kashish said: (Fri, Nov 26, 2010 12:45:37 AM)    
 
Doing business with ethics means "Doing Business right" and not doing the right business that can earn profits only. With ethics incorporated in your business processes one can earn profits but only in short run and the same thing happened with the IT giant SATYAM ; it could not survive.

You are answerable to your stakeholders and you just can't do away with that. Hence to survive in long term ethics should be an integral part of your business.

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Palaniyappan said: (Sun, Nov 14, 2010 10:10:04 PM)    
 
Ethics : Nowadays who know that meaning of ethics in their business. Only pickup and gain their bank balance. It will make many dangerous feedback to nation and also a individual person's life.

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Kartik said: (Thu, Sep 30, 2010 03:13:31 PM)    
 
Ethics is very important for every business. Doing ethical business will create confidence in the mind of stakeholders. Business vs safety is very important criteria because doing business with safety norms and ethical practices gives more value than the business without ethical practices.

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Sindhuja S said: (Wed, Aug 18, 2010 02:04:09 PM)    
 
Ethics is important to have its influence on business.... but it has no impact these days.. We can never also expect for its influence to b on all fields.. because its difficult these days to find some who initiates something good to happen :(:(

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Majid said: (Thu, Jul 22, 2010 01:54:14 AM)    
 
Who see's about ethics nowadays it is a word of the past long faded away recalled in the memories of very few as everybod nowadays knows how to just make their pockets heavy at the risk of others lives.

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Anuj said: (Wed, Jul 14, 2010 06:52:56 PM)    
 
Ethics are the principle of wright and wrong that are accepted by the society or organization. It play a important role in perception of a scenario. The decision which you take are highly influenced by the ethics we believe in.

In business we make decision which force us to distinguish between profit and ethical values. These are the decision which decide how are business is going to run. Those people who can make profits and maintain ethics of business intact are the most successful businessman.

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M Singh said: (Wed, Jul 14, 2010 03:46:10 PM)    
 
Definitely there are some obligations which one should abide by and follow while doing ones business, rather we have very drastic example of bhopal gas tragedy which cost life of thousands due to absence of ethics and responsibility. In a business welfare of society is as important as profit, hence a business without ethics would only aim at filling one's own deep pocket instead of serving country and such a kind of business would only be a liability for society.

While a business having ethics would be aimed at over all development of country, society, employees and that industry, in this way business will also blossom at a greater pace. Hence, role of ethics in business plays a quintessence part and should not be avoided at any cost.

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Naresh said: (Tue, Jul 13, 2010 12:12:32 PM)    
 
We should be confident about what we are doing.

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