Ethics in Business are just a Passing Fad

Ethics refers to the code of conduct which tells us how to behave not only with the customers but also with the employees. And it must be performed by each and every member of the organization. Ethics is necessary so that the customers feel safe in terms of their right, their product and their benefit. As we know that customer's satisfaction is the main goal of today's marketing world, and they feel satisfied only if they are satisfied in terms of product, right and benefit.

We can gain our customer's trust if we conduct in a ethical manner. Ethics include everything ranging from providing good quality product, with proper price, customer product care, the service term, listen to their complain, feedback, safeguard of their choices, everything. And it is not limited to the customer but it also include employees. A satisfied employee act well on his part. And a satisfied customer will come to us again and again. And this in turn increase our profit.

Yes, It's true that ethics are fading out in todays modern business trends.

Every company starts its business with some motive, some to gain huge amount of profits which obviously vanish out of customers mind (but they will gain initial profits and motive fulfilled. We can't expect ethics form these companies and remaining are the one which try to maintain a long term relation with customers and sustain forever in the peoples mind.

The problem is with these kind of companies, when they fall behind in race, they obviously compromise with ethics and values first and if they gain profits, then they never ever think upon picking up this ETHICS term again. The worst part is, other companies which are running out of their profits take this as example and they decrease their values. This happens day by day and is spreading rapidly these days. I think this is the reason for degradation of ethical values in today's business world.

In my viewpoint, ethics in business is not a passing fad. Infact, ethical consumerism which is ethics directed behaviour of consumers is picking up its wibe. The underlying reason being the changing attitudes of people towards society and the environment. The companies as well are taking care of this by practising Corporate Social Responsibility which is based on the theme that every business entity has a responsibility for the environment, for the society why contributing their bit.

Over a few years, a surge in such ethical activities on the part of corporate biggies has been seen. For instance, ITC contributes two rupees to rural education programmes on every purchase f its brand's Classmate notebooks.

In todays competitive and dynamic market, ethics has become Modus Operandi of businessmen as a marketing strategy to attract customers and create goodwill in the market.

Hi Everyone,

I would like to contribute to the healthy discussion.

From my P.O.V, I agree with the statement "Ethics are just the passing fads".

In current scenario where business is a global challenge and the market is at the pinnacle of competition.

It's not true that every business avoids the ethical values as there are traditional business's which own their flagship by maintaining a never ending relationship with their distributor, patrons, clients and partners by achieving their confidence and faith through high moral values.

At present, New business's entering the market with their primary motto to earn high profits at a short span of time which leads them to practice unlawful and deceitful activities to grab customers.

I conclude that a business can own a goodwill by abiding with the ethics designed and practiced by all organization staff.

Hi Everyone, I am Umesh and I would like to add something to this ongoing discussion.

As per my point of view ethics is the utmost important thing for the survival of the business, because it is the credit that will earn profit for a longer period for any company, it is the quality that provides major revenue to the company.

In today's world in India only so many generic drug manufacturers produce drugs, but still people believe in the standard company, why because they maintain their ethics for all thing, like efficacy, patient compliance.

Same in the IT sector, people are paying too much money for APPLE Iphone, why?

In nutshell I would like to say that ethics generate more revenue for company by creating a good brand image of company in the mindset of customer, so its not passing fad but vital thing for any business.

Thank you.

"Ethics in Business are just a passing Fad". Oh you kidding! Its not just a FAD. Rather it is something that is going to make its place in majority of the companies as the time comes.

Agreed, businesses are run for the sole motive for making profit, but in this cut throat competitive market, where each and every organization is striving to get the tag of No. 1, organizations will have no choice but to keep their functioning going in an ethical manner. Because, they knew, it take pains to build a good rapport but a small incident to nullify the gains. So, what I believe is, time will certainly come when the organizations will adhere to the norms and regulations that they have set for themselves. Finally, to conclude, I would like to reiterate that Ethics would play a crucial role in each and every organization in the near future.

Hi friends.

Business means profit. But what is the meaning of profit that depend on the businessman. For the short term we can take money as a profit but in the long run we must strong fundamentals of business. Company's reputation, working environment in company resell value of products, acceptability of product all matters a lot and for sure for that you have to bind with ethical values.

We can see it in another way that in practical life it is hard to apply. When anybody starts a business he/she always try to make more money and that is the main requirement of company because the expansion of company depend on it but try to avoid those things which is strongly against your ethics.

A little bit fakes is allowed in this era of changing business world very fast but also try to maintain fundamental values of the company.

Hello everyone,

In my view ethics is an essential part for every business organisation, for the survival every business entity must serve the society in a healthy way by contributing towards CORPORATE SOCIAL RESPONSIBILITY. It is the duty of every business house to deal with the issues prevailing in the society and must try to deliver their best by way of creating employment opportunities, spreading equality, brotherhood, environment awareness etc. Practically speaking, no business house can survive without considering the welfare of society and its customers. Ethics in business should be dealt with more sincerity and dedication, it should be taken as their one of the major objective other than profit making, than only the growth can be observed in both the areas of concern i.e. society and business.

Thank you.

Its true that Ethics in businesses are just a passing fad. Earlier when population was less the market was 'customer-oriented'. Businesses catered to the needs and wishes of the customers. But with enormous rise in population, the scenario has changed altogether.

Leaving out few sectors many have put profit before ethics. Even worse some have taken ethics out of the equation. They produce/serve as they wish. And there are customers ready to buy/take it. That is because of craze. Businesses take this to their advantage and are exploiting us. Though they may appear ethical to the regulatory authority the real picture is different. We used to choose between good and better. Now its between bad & worse.

Hello friends,

Every business is initiated on its own principle. These companies work on these ethics and bound with these ethics morally. But in the present days where profit is more important than ethics these company vitiating its own principle. Like many companies bound to do not harm the environment or forest but they do only sake of profit and spread its business. For example, many oil company excessively harness oil from the earth, for what? answer. Is more production and more profit. But there is also a few company which insists on their ideology and ethics. But most of the company are only profit centered company and consider ethics less in comparison to profit or production.