Ethics in Business are just a Passing Fad

Hi Guys,

How we can say that manners are just passing fad in the business whereas we know very well that without manners we can not achieve even a thing in our business. Ethics is the base of any business even if you are trying to cheat someone to make some more profit so for that also there is need of that kind of manners because both situations having its own manners whether it is wrong or write. But good manners always play a long relationship with the customers through which we earn a lot in our business.

When we abide in beautiful management so we always try to play a very handsome role with the people because people are nothing but assets for any organisation. Those companies always get handsome profit which always invests into people with the help of their better manners. Because a better scale of manners always teaches us that how to deal with the people to complete the particular task.

We know that companies are able to run because of handsome profit and that's why most companies try to cheat the people for making more and more profit but as per my experience companies are able to earn better profit to show its better manners towards honest way because "honesty is the best policy" where all people feel free to do their best performance before the people and with the people at a place.

Ethics always tries to emerge positive energy from ourselves for the others between the meeting through which are able to perform better because a healthy environment is that which is being accepted by all people at the place. So overall, I would say that the ethics is very important to use in the business to grow forever.

Thanks.

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.

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.

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.

According to me, ethics in business should be a passing fade.

Ethics relates to a person's moral value. Coming to the business it is, how much you are true to your work and to your customers who chose you. Ethics in business is you don't only see your profit by cheating on your customers but also doing a full justification to them and with their demands. So, therefore ethics in this place is very important, because it will be your ethics that will attach a large group of customers with you and it will make a huge success.

Using false practices in your business, you can make a huge profit in your business, but it will be only for a short spam and not for a long time.

If you do full justice with your job as well as with your customers and work with your proper ethics, maybe the profit at that time would be little low, but it will help you in your upcoming future. Customers will bound to you for lifetime seeing your hard work. They will appreciate that you not only thought about your earnings but also valued them. As a result, your business will make a huge success, as customer satisfaction is the important rule in the business world.

Moreover, it will give you inner peace and will make you love your work.

Hi Friends.

There was a time when business corporations only used to think about making profits. Profit used to be the sole driver of business.

But back then companies were also few and so the consumers had lesser options.

However at present the number of companies in any sector have increased remarkably which also increased the competition. And so every company tries to project itself as the most socially aware, as the most righteous, as the best employer and one which provide best facilities to its employees to attract more consumers and talented people to work in their firm. These social and ethical responsibilities undertaken by firms so as their increase their economic viability is called 'Business Ethics'.

With the ever increasing number of companies, increasing competition and increasing globalization it is becoming very important for the firms to incorporate and follow business ethics so as to create a good image in the mind of the consumers and their employees, otherwise their employees and consumers both can desert them for other better options.

So Business Ethics is not a passing fad rather in future it is going to be the chief driving force behind businesses.

Hello every one,

Ethics for any business should not be a passing fad. And in present scenario most of the businesses are following ethics. This is a competitive world and every one has to compete for their survival. As competition is increasing companies strive to be ethical.

This is the generation where there is more literacy rate and customers or customers are well aware of what they buying. Thanks to modern stores and add agencies which are providing customer a chance for choosing a product and to know about its alternatives available.

Thanks to globalization which brought involvement of companies in ethical manner in order to achieve competitive advantage over others.

Globalization and business ethics are linked as they affect a company's ability to commit to its shareholders, in particular to external investors, and preserve the trust needed for further investment and growth.

Business ethics involves effective building of relationships with a company's stakeholders based on its integrity that maintains such relationships.

Well I would like to join into this healthy discussion. People now a days expect quality product and finally they end up getting cheated by quantity. Being ethical always cannot suit for one's business people who argue for ethics, themselves aren't ethical in business. They just keep their own ethics in words but in their actions.

Whatever the case maybe, being 100% ethical cannot turn you profit and being 100% unethical will not make you reliable in the market. There are some instances where you have to be ethical as well as unethical in order to get a good turn over. There should be a mixture both stuffs each people has their ethics on their own.

So choose the best way at the best situation in a business comprising of groups, there may arise problems between them because of different ethics among different minds. So in that case being unethical can bring the dispute between them to an end. So have a mixture of both, and taste profit to the core.

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.

I believe no organisation can be 100 % ethical. Its a measure of how much good is your business for the people. A lot of natural resources like iron and aluminium ores are in Maoist hit areas. If a company there is paying a chunk of its profit to do business, it is directly funding terrorism. But would a greater number of people profit if the much needed resources are utilised? Likewise, a large corporation may declare to use its profits for developing greener technology, but is it worth stripping the shareholders who were promised greater dividends, Maybe.

Its not possible to do business by being purely ethical, nor can all the stakeholders be pleased at the same time.

Also law should not be confused with ethics. Most of us can relate with the movie 'Guru' where the protagonist pointed out some legal barriers which were simply put in place to hassle businessmen. But he justified that by breaking them, the nation and his shareholders, both benefited.