Ethics in Business are just a Passing Fad

Business across the globe are compromising with ethics either to increase their sales or to gain business. The unethical practices like misleading advertisements, the asterisk sign denoting conditions apply, reducing the size of product, etc are also no use as strategic tool. The companies have to realize that this practices can give them some term benefits but in the long run they cannot make it big. Cheating the customers leave them with bitter experiences and the customer becomes hesitant to buy the product again.

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.

Business is not only making profits and making money, its something more than that first of all its the virtue of Trust, ethics, values, morals to be followed in order build the trust from the customers who are considered as the gods for the business. So Business without the ethics is like "playing chess with out king ". So in order to reach heights in business ethics should be followed and maintained then definitely reaches to top, without this we may reach top but certainly falls as soon as possible.

So in a nutshell "Business with ethics is immortal and business without ethics is mortal".

Hello friends.

As a common man one should say ethics are more important for companies or any business organisation growth. But having ethics we don't say we should reach top level. Even Though trust and ethics of a company plays a prominent role in customers view. We don't get on this competitive world. Our ethics should not encourage bad and don't spoil our company future and present. Than only our company will be satisfied all our customers.

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.

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.

"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, According to me Ethics in business are passing not the passing fad. A small businessman with their ethics can survive and make big business but on the other hand a big businessman with no ethics will lose their value with passage of time. Ethics not only important for only business man its value is for everyone. If a person will fail in business but if he has ethics he will get back to their platform with same strength. In short Business without ethics is as good as body without soul.

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.

I also thing that ethics is more important to an organization. Business may run in profit or loss but they should fallow ethics and values. If we fallow that it will create a goodwill to our company and that will increase our product usage broadly. Profit or loss which may change day by day. Ethics and value will make benefits gradually. So I conclude that ethics and value is more important to every organization.