Ethics in Business are just a Passing Fad

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.

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.

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,

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 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.

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 !