Ethics in Business are just a Passing Fad

Good morning to everyone.

I am pleasure to start this group discussion.

First I want to say that ethics is one of the important factor which is to be followed by company forever to develop it.

Every company has its own ethics and it should be followed. An ethical person know how to deal with critical situation.

Thank you.

In my opinion I want to SAY that ethics in business is compulsory in this young generation, because the todays generation believe in ethics. Nowadays a businessman also follows a ethics to increase his business. Nowadays a individual person also follows a ethics for rising in his life. So it is fix that ethics in business is compulsory.

Hello friends.

In my opinion, ethics cannot be a passing fad for the business.

In fact, I will say that ethics are essential for an organization to be succeed in its business. Because, an organization is there if the customers are there.

A customer affects the growth of an organization in many ways and each organization don't let their customer go.

So, each organization should keep ethics in its consideration as it keeps profits.

In my view Ethics in Business are not just a Passing Fad, to grow a business we need to win costumer as well as employs's trust, without ethics we can't get trust of these people, as one of the previous person mentioned about how the educational institutes are demanding a very high donation money for the admissions, it is pretty sure that they are not going to flourish much.

I think ethics in business are just passing fad when the particular business became popular that time they uses the trust of customer increases rate of there product and sometimes there service to the customer is not good. This happen because they are not following there business rules and ethics. They know customer always attracted by the brand name so first develop the good brand name after that no need to follow business rule.

According to my mind, ethics in business is very essential thing to survive in the market. We know that we live in competitive world and in this competitive world if I want to grow my business at the large extent we have to careful about the the relationship with consumer, otherwise our business will collapse and our competitor get a chance to grow in the market. Hence we (company) can say that our motto is to satisfy costumer at any cost. Thank you.

I agree with the statement that "ethics in business are just a passing fad" nowadays most of the companies are following their ethics at the early stage of their organization. Once they achieved their target, they will follow the ethics that makes their business in a profitable way, they won't think about their customers, example networking companies and educational institutes. In educational institute they will be asking donations to give admissions in their respective institute. This kind of actions is not a good ethics for any business.

I believe no organisation can be 100 % ethical. Its a measure of how much good is your business for the people. A lot of natural resources like iron and aluminium ores are in Maoist hit areas. If a company there is paying a chunk of its profit to do business, it is directly funding terrorism. But would a greater number of people profit if the much needed resources are utilised? Likewise, a large corporation may declare to use its profits for developing greener technology, but is it worth stripping the shareholders who were promised greater dividends, Maybe.

Its not possible to do business by being purely ethical, nor can all the stakeholders be pleased at the same time.

Also law should not be confused with ethics. Most of us can relate with the movie 'Guru' where the protagonist pointed out some legal barriers which were simply put in place to hassle businessmen. But he justified that by breaking them, the nation and his shareholders, both benefited.

I completely disagree with this that Ethics in Business are just a Passing Fad, simply because in today's world every business firm understands the importance of ethics in Business. Companies are spending loads of money to get the best available managers in there companies, and I am pretty sure they know the rules of business. To have a successful business you must Follow the Ethics, moral Values, Set of rule.

Business Ethics 2 simple rules.

1. The old customers should stay. They should have there own place in the company. They should be never compromised for anyone.

2. The company should attract new customers. They should be able to satisfy them.

It should always be a win-win-win (old-new-company) situation.

Customer is happy implies company is happy. Simple these ethics are the most important to be followed. In the fast moving world, no matter how much we change if these 2 simple rules are followed I would say Ethics is business are not just passing fad.