Ethics in Business are just a Passing Fad

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.

Ethics and principle on the business or the company stands it forms the core of their policies. Ethics of the company affects it image in the market, employee retention, even affect the investments that company will be allowed to do in the global market.

Lets take an example of TATA group, after the 26/11 Mumbai attack, the turn over of Taj group increased, and the only reason for this increase is the ethical responsibility shown by the group towards, its customers, employees, their families. This enriched their image and increased the customer belief.

Companies along with good quality product or services having great ethical values sustain in the market on the long run.

If business wants to prosper then it has to follow certain ethics. Without ethics, suppose business is making false claims and selling there products, they might make profit for short run but the company will never flourish. I don want to elaborate but would like to cite a few examples. Let us take CAR companies like BUGATTI, LAMBORGHINI, FERRARI, PAGANI. They have there business ethics and they are still ruling, if they had think about profit then they could have produced tonnes of such cars. What they want is to produce quality. They follow ethics, they produce certain editions and we can see they are ruling and will keep on ruling.

I would say that company should make the strategies or business plans that would not curb the ethics. Since, maintaining ethics is the only way in which a businessman can attract his customers. To outdo his competitors, he should not be mislead in wrong direction because of which the customer might lost trust in the business.

For Instance, Consider the Flipkart which was started by employees of Amazon. They have just maintained the trust and delivered goods on time; which was their main motive. A recent talk with its CEO in recent India Today has mentioned that he followed some ethics. And that is the reason for his success journey.

Ethics in business is very important for the growth of organization. Ethics is a set of moral principles on which an organization runs. Set of values attached to organization always performs well many successful companies abide there moral values in fact they have high position to respect.

But when these are not followed then comes the problems like corruption, wrongdoings, illegal works etc. Now a days many of the organizations don't abide the ethics because to reach the heights with in short period of time.

I can say that ethics is not only the success part of organization but it is part of it. Which prefers well being.

As from my point of view, if a company wants to be in the market for a long time or flourish in their business then they must have to follow the ethics related to business. I want to justify my point with an example a few months ago everyone has heard about a phone called freedom 251 Mr Modi ji make in India initiative but you all know that what happened to that company and their product F251. They have made promises in which they got so much costumer and demand but at last what they promised they are not able to deliver. So for a business what they promise is part of ethics if they can't they can't survive in the market.

Not only business everything in life should be in ethical manner. If anyone wants to grow he should follow a positive ethics. Every famous person or brand is famous for its ethical values followed. To increase a business one should definitely follow an ethics.

For example-the people always follow a brand not an ordinary person or thing. Most of the follow will like to follow Mr.Amitabh Bachchan and Mr.Sachin Tendulkar like person for their positive ethics. A person always wants to join in a branded company rather than a normal company because it follows some ethics so that one knows what will he earn after joining.

Ethics is something which should be maintained by an organization in order to generate goodwill which will eventually increase the sales as well as profit. Organization like asian paints, nestle always value ethics and as such they have become one of the most profitable by winning the hearts of common man.

Society today is not only concerned of the product and its quality, it also sees the way organization paved its path towards positioning. One of the most common example of an ethical company is Mc.Donalds, which conduct its business operation by maintaining its standards through fairness, honesty and integrity.

Before actually getting into point lets start with ETHICS. It is a moral value. In view of this, I believe business ethics is nothing but providing the customer's satisfaction which is very difficult to achieve. I believe companies look to pay back for the money if not in complete satisfaction but to partial fulfillment of customer wish or desire. Business is not a short-term goal of any person so companies stick to their morals not only to customers but to an environment by cleaning the surroundings as many MNCs and Indian companies do. I strongly believe ethics in business (long run) are not passing fad.

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.