Ethics in Business are just a Passing Fad

Ya, it is true in far extend. In today corporate culture the only things which matter most is Profit at any cost. To make more profit companies are just ignoring the ethical value which is really needed in the corporate world.

In today scenario, companies are not even bother about the ethical values because they have the feeling that you can't make enough money though the way of ethics. They are busy in making money and continuously avoiding the importance of ethical value. This is not a bad idea to make profit but to ignore the ethics is not fair.

Hi Friends.

There was a time when business corporations only used to think about making profits. Profit used to be the sole driver of business.

But back then companies were also few and so the consumers had lesser options.

However at present the number of companies in any sector have increased remarkably which also increased the competition. And so every company tries to project itself as the most socially aware, as the most righteous, as the best employer and one which provide best facilities to its employees to attract more consumers and talented people to work in their firm. These social and ethical responsibilities undertaken by firms so as their increase their economic viability is called 'Business Ethics'.

With the ever increasing number of companies, increasing competition and increasing globalization it is becoming very important for the firms to incorporate and follow business ethics so as to create a good image in the mind of the consumers and their employees, otherwise their employees and consumers both can desert them for other better options.

So Business Ethics is not a passing fad rather in future it is going to be the chief driving force behind businesses.

Hello friends, the ethics in regard with business are as necessary as 'flow' for water to maintain its purity until the water is not pure no one will like to drink also no one will like to use it. So ethics in business are to necessary to maintain its efficient working like we ourselves don't buy a product which does not specify our needs with good quality. And in business to maintain quality is to follow the ethics otherwise it will cause a waste of time with no money and satisfaction.

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.

Ethics according to me is the key for every company to stay alive and run the race in the long run. A company which follows ethics will have a satisfied consumer base and will try to live up to their expectations which in the process benefits the company as they have to value their moral values and hence the employees in the company will be satisfied too.

Hence in my opinion a company must look for profits but must also have some ethical values which will help the company to stay alive in the long run.

India is a competitive world and every one has to compete for their survival. As competition is increasing companies strive to be ethical.

1. Business today runs on basis of faith by clients and employee following the trust business runs smoothly on both the parties.

2. Earning profits in short run by going against company rules and values may give temporary growth but then without values no clients can trust you on your deals.

Therefore business ethics should be followed.

Hi Everyone, I am Umesh and I would like to add something to this ongoing discussion.

As per my point of view ethics is the utmost important thing for the survival of the business, because it is the credit that will earn profit for a longer period for any company, it is the quality that provides major revenue to the company.

In today's world in India only so many generic drug manufacturers produce drugs, but still people believe in the standard company, why because they maintain their ethics for all thing, like efficacy, patient compliance.

Same in the IT sector, people are paying too much money for APPLE Iphone, why?

In nutshell I would like to say that ethics generate more revenue for company by creating a good brand image of company in the mindset of customer, so its not passing fad but vital thing for any business.

Thank you.

Hi friends.

We all have heard success can be achieved by anyone but to keep us there we should have strong character. Same thing applies in business. Any business totally depends upon customer, there are the king of market and its necessary to every businessman to make there loyal customers.

Hence for this we need ethics to be part of business. Its ethics which will keep your success forever. The faith of your customer in you brings name, fame and the most imp. Profit which is the agenda of each business.

When I look at the world today, we need each other and its through this enables one to follow other peoples example so as to achieve the best therefore one needs to be ethical and value other peoples efforts and work.

As businesses flourish, they try to project a squeaky clean image and so make use of ethics. Once the business is hit, they would definitely discard ethics and take advantage of non-ethical means.