Ethics in Business are just a Passing Fad

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.

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.

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.

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".

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 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.

To get a better benefit and a good success in the business, every employee working under a company or sector should keep one very important issue in the mind that the quality of the product which is to be sold. Without a good quality for a product is not possible to survive in the market. If you provide a product to the public with good service and without any deceitful confusion, people will remember that product as well as the company. Those are not following the moral issues for making a product and only earning money by deluding people their business would be ephemeral.

No one can have any business without customers and if we want that we should be successful in our business we should respect and must satisfy the customers. So there must b some ethics and principles which a company should follow to survive in the market. If there are no rules in the company, the company will take no time to shutdown.

The employees should also work properly for the development of the business, because company is nothing just a group of individuals, so if employees work with full dedication And hard work the company will reach to the top.

Yes, I truly believe on this that ethics in business are just a passing fad. Now a days every business man is conscious only about his profit never he thinks about the way he makes it. Earlier people use to concern about each other but now they are concerned about themselves only. They use advertisement for this and say anything about their product which is hard to believe but still they use it and people go to those products. So, now ethics have gone. Businessmen want to make profit by hook or by crook!

Hello everyone,

According to me, ethics in business is very necessary for development and growth of organisation. Everybody knows that for successful growth there must be some rules to follow. Without any rules no one can get success. Ethics provides satisfactory to the employees for jobs, a better and comfortable way to work in company as well as a good decision making which will develop the companies and the environment in which they are working.