Ethics in Business are just a Passing Fad

Hi I believe ethics are the basic flagstones of our culture in general. To be more specific, we have all witnessed the doom and demise of once-a-very-revered corporation "Satyam". Had it not been for the mere profits, the company wouldn't have faced the challenges its now dealing with. I guess internal audits and like some of my friends quoted "Corporate Social responsibility" groups need to be more effective and vigilant in cross verifying the details of the proceedings occurring in the company. That's what I guess shall take us all through !

Ethics are very important in all spheres of society. Ethics in business play a very important role. Had there been no ethics, there would have been no trust between the customers and businessmen, there would not have been any sense of belief and trust among the stakeholders of a business.

However, I do agree that in this era, there are people who just think ethics as a perennial entity. For them it is necessary to understand the importance of it.

The reasons for people for younger people loosing belief in ethics, faith, trust is because of the example the society has set for them. One can easily find examples of business men cheating other fellow members, government etc.

Hello,

See what ethics do we all are talking about? Business means to compete if, it means to run in battle field if you run you will survive else you will loose. There is no ethics in business, yes there are some basic rules which one needs to follow other than that business is meant to say to just grab opportunities and work hard as much as you can and win, and achieve before anyone can.

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 commercialized 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. 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.

Ethics. Question is do we really need it? I believe of course YES. Honesty is the best policy that's what has been told to us from our childhood, most of us take our parents as role models from the day we open our eyes in this world. I would say, the set of values we have and we get from our tradition, religion and our country is wonderful. Without ethics everything will be for a short span, till the time you don't correct your basic how can you think for a long term success. Every business should follow ethics or else it will be a complete failure in long run.

A successful businessman is the one who takes his business for long with the profit this is only possible only when he has ethics in his business because a person can get small profit for without ethics but can go no longer in his business cause once you lost the trust of someone you will never make your image up in eye of them.

THANKS for providing us with such a good relevant topic its my pleasure to share my views on this topic ya! ethics in business according to me are important because a customer basically is a king of the market today and 2 provide them with a good service is to be ethical in the business unethical behaviour leads to the failure of a business.

Hi everyone, according to my point of view, ethics is important in business but only upto a certain extend. Mostly business aims at profit and so there will be stiff competition. One who strictly follows ethics may not be able to survive in the market as the tough competitors would always run far ahead of him.

In other hand, ethics in business gives long term success to the firm and it always stand to keep up the reputation of the company. It attracts customers and their trust in the firm but the thing is one should be able to survive in the market until this reputation is achieved.

In my view ethics are the base for any organisation if it believe in long term business. Today, in cut throat era everyone want faith and valuable things whether they are employee, customer and government So its depend upon company to company, how longer sustainability they want. Its as simple as give trust and take trust.

Hi as per my opinion ethics have their own place in once life yes in business too but to some extent only, I think the whole sole aim of businessman is to make profit from market though he must take notice of quality but should not be drown by morale duties if he will pay more attention to ethics then competition from other companies will definitely destroy him.