Ethics in Business are just a Passing Fad

Yes ethics and business are fad but if the people for use to our family business before 5 year ago but now everyone can find the job then he/she will be take experience before, after that he/ she will be open a business for on contribute the capital start the business as well as she/ he working on job.

Ethics and business are two faces of the same coin, you have to take your call in this perspective. In my opinion ethics and business should go hand in hand as it will create faith and belief in the company.

For example TATA group which has a brand image it is all due to the work and ethics which they have followed in their business.

Business along with ethics will be favourable for the company as whole as it creates a sense of trust and bond.

Ethics is not just a passing fad, every organization should have choice of right and wrong way of idea. Without ethics there is no value of populare or big company, for big branded company ethics should be there. For example my friend his name Prabhat ranjan his not having any ethics or any idea to do the work, he always give the suggestion to another boys how to do, what to do.

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.

Ethics in business must not be a passing fad because by ethical values only the products can reach the consumers. Ethical values includes replacement of defective products, providing some good offers, not too much of profit, providing necessary services providing warranty etc. , If the company is practicing non ethical values it can survive only for a short span of time. The main goal of any company is to survive for a long period. Only by surviving long term it can achieve public confidence for the product. If it achieves public confidence then it thrives in profit and sales maximization.

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.

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.

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.

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.

"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.