Ethics in Business are just a Passing Fad

Business is not only making profits and making money, its something more than that first of all its the virtue of Trust, ethics, values, morals to be followed in order build the trust from the customers who are considered as the gods for the business. So Business without the ethics is like "playing chess with out king ". So in order to reach heights in business ethics should be followed and maintained then definitely reaches to top, without this we may reach top but certainly falls as soon as possible.

So in a nutshell "Business with ethics is immortal and business without ethics is mortal".

Hello,

I believe that ethics are very important for the growth of a business. Those who follow get success and sustainable in the market and those who won't; might get profit for a certain period of time but I assure that they can't grow for a long run. Ethics can never be a passing fad it will be the soul and root of the business by which how many problems can come but if the root is strong so no any disaster can affect it.

We all know that business gets profits only through his customers so if you won't serve them quality than how can you expect that it can help to grow your business. It won't work for large scale business and also not for a small scale business.

To clear my point I'm putting an example I.E if you go for a tea stall and you won't find tea good then what you will do? You will pay for the first time for the tea but you'll never give the chance to that tea staller or attender and also you'll stop your friend to avoid drinking tea at that point and explain the whole which you experienced and one or the another day that tea staller is in loss as because he not only loose one customer but also many by the bad experience of a one customer. So what happen is if you are not providing quality and not following ethics while building up your business and also not continuing it you'll never gain profit.

I hope that could be helpful to understand that ethics are just like an asset of any business.

Thank you.

Ethics are highly important for any kind of business, a person can earn high profit in unethical manner in short time but in long time perspective the firm will left with nothing if it continues to work in the same manner. Along with the profit there are various intangible assets which every company posses, and they are the brand value, goodwill, brand reputation, culture of the company, ratings provided by the various analyst, once a company lose these intangible asset then it become so hard to gain it again.

I would like to draw your attention on the satyam's scandal case, its CEO by unethical manner showed a profit of around 200 billion and later on when the culprit was exposed, all the other business organization which were initially linked with satyam left it, and the company was later on was shut down for 8 years. This is what happens if do not follow ethics in business, so I would like to conclude that ethics are very important in any business.

In my opinion, Ethics in business is not a passing fad.

To be ethical in business is very important to run it. If you are not ethical than you cannot survive long in the market. Once you lost your ethics, moral values and goodwill than it is difficult to gain again in this highly competitive business world.

We can take an eg of Tata company, it really business on ethics that's why it still has a good name and fame in the business world.

Ethics in business must not be a passing fad because by ethical values only the products can reach the consumers. Ethical values includes replacement of defective products, providing some good offers, not too much of profit, providing necessary services providing warranty etc. , If the company is practicing non ethical values it can survive only for a short span of time. The main goal of any company is to survive for a long period. Only by surviving long term it can achieve public confidence for the product. If it achieves public confidence then it thrives in profit and sales maximization.

Hello. Myself Uttara.

I feel the topic of ethics in business is a passing fad is appropriate in today's scenario. Ethics and values are the soul of any business. If the organisation can't resort to ethics values and morals the business won't be a sustainable one. Because truth always prevails. If we take instances. Whenever we visit any cosmetic store we find a sales person across the counter. The sole intention of that person is to hurt your emotional point. He persuades you buy saying lies which force us to buy the products at the end though we don't need them. And we end up having bad skin after using those products. So here ethical business practices gets marred. Recently in India maggi was banned for following unlawfull business practices. The company used to hide tge original quantity of lead and msg in the products which are really harmful for gealth. Then in Volkswagen case. The carbon monoxide emission from its diesel cars were said to have way lesser than the original one. Their also the company resorted to bad business practices to earn profit. So falsification unethical values are almost prevalent in today's world. But in all the examples the companies lost the customer faith on them. Eventually their businesses stands unsustainable. So ultimately. To do a business ethical values is the most important quality that one possesses. Thank you.

Hi friends.

In my point of view ethics in business environment is not a passing fad. A company must follows some ethical principles for the well development of company. A company that follows ethics have good name in the market.

A company must satisfy both customer and employee's. A satisfied employee will work hard for company and a satisfied customer will buy the products again and again. All these can happen only if the company has ethics.

Thank you.

Hi.

I believe ethics in business can never be a passing fad.

Ethics are very important for the growth of business. Ethics relate to a person's moral value.

By using false practices a businessman can earn huge profits but only for a short span of time. Business is all about customer satisfaction, fulfilling their demands. Then only customers will appreciate the hard work and stay loyal to the organization. In this cutthroat competition of the business world, one cannot afford to lose valuable customers.

So by ethical practices, only an organization can earn trust and money in the long run.

Thank you.

Ethics in business are not just a passing fad. This is the age of competition and not monopoly. The customers are having many options in the market, so it is important that firms maintain their regular customers. To maintain these customers ethics are very important, be it social, cultural, or any other. Customers are a media of advertisement also, they will recommend their friends and relatives about the firms. A business without ethics is simply a losing concern.

Business Ethics 2 simple rules.

1. The old customers should stay. They should have there own place in the company. They should be never compromised for anyone.

2. The company should attract new customers. They should be able to satisfy them.

It should always be a win-win-win (old-new-company) situation.

Customer is happy implies company is happy. Simple these ethics are the most important to be followed. In the fast moving world, no matter how much we change if these 2 simple rules are followed I would say Ethics is business are not just passing fad.