Ethics in Business are just a Passing Fad

Every businessman should be loyal to his customer. Every business should provide quality product and services to the customers. A business which maintains good relationships with the customers is said to have good ethical value.

Most companies will follow the ethical principal ed down by the society. Most companies run basically on their reputation in the mind of a consumer and investors. But what would be ethical is never defined It changes with every era. Something ethical in medieval India would be unethical to us now. So if the nature of ethics changes always so how do we define what is ethical or not.

Ethics means Moral principles that governs by any person or group's behavior. Business ethics is very essential for the smooth conduct of any business. Ethics in every Business needs to emphasize on the various circles such as customers, employees, environment, societies, etc (by means of providing good quality of products, Eco friendly products and considering the moral values of the society) to survive in an ever-changing competitive business world. So according to me ethics in business can never be a passing fad. A good ethics will give Triumphant to the business.

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.

Hello Everyone:

I don't agree with this. For any business to be successful in long run, people on either side of the dealing should be profited in a fair manner. Without this nothing can stand long, this is the law of nature.

So, if in a company business ethics are overruled, maybe it might profit the company at present but in long run it would render devastating.

Hence I strongly oppose the jargon " business ethics are just a passing fad.

Ethics means follow the rules and regulation and ethics is very essential in the all field like personal life, business and society. We can discuss the one example of ethics in business is TATA company. TATA company always do the work for their employee welfare and this company earn more and more profit and fame in the market.

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.

I completely disagree with this that Ethics in Business are just a Passing Fad, simply because in today's world every business firm understands the importance of ethics in Business. Companies are spending loads of money to get the best available managers in there companies, and I am pretty sure they know the rules of business. To have a successful business you must Follow the Ethics, moral Values, Set of rule.

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.

I agree with the statement that "ethics in business are just a passing fad" nowadays most of the companies are following their ethics at the early stage of their organization. Once they achieved their target, they will follow the ethics that makes their business in a profitable way, they won't think about their customers, example networking companies and educational institutes. In educational institute they will be asking donations to give admissions in their respective institute. This kind of actions is not a good ethics for any business.