Ethics in Business are just a Passing Fad

In my opinion ethics in business ate very important its like body without shoal. For doing business profit is must be important but it obtained in only ethical manner. I know that it very difficult to obtain more profit in less time but not impossible.

When the customary believe on your company product then trust is developed between company and customer with the help of this trust your company may will be in top level. When you able to reach that top level then no one can fall you this is happen when you go in ethical manner.

Well I would like to join into this healthy discussion. People now a days expect quality product and finally they end up getting cheated by quantity. Being ethical always cannot suit for one's business people who argue for ethics, themselves aren't ethical in business. They just keep their own ethics in words but in their actions.

Whatever the case maybe, being 100% ethical cannot turn you profit and being 100% unethical will not make you reliable in the market. There are some instances where you have to be ethical as well as unethical in order to get a good turn over. There should be a mixture both stuffs each people has their ethics on their own.

So choose the best way at the best situation in a business comprising of groups, there may arise problems between them because of different ethics among different minds. So in that case being unethical can bring the dispute between them to an end. So have a mixture of both, and taste profit to the core.

Thank you.

Hello friends. I would like to start by saying that today the monopoly system had vanished to a great extent. In order to survive in the market for a long run it is very important for an organization to build up a good repo & to continue with it.

I agree there is a requirement to earn maximum profits as early as possible but we cannot deny the fact that business works on ethics & good relationships between customer & manufacturer or service provider. So it is beneficial for an organization to acquire the name, the goodwill in order to survive on long run.

In my opinion I like to express that business must be in ethical way it must not be for short period. If business is people of ethics it is great advantages for business it enhances their reputation of organisation and it build the loyalty between customer, supplier as well as shareholder.

I like to conclude by saying that ethics is not new thing in the business field it is since vedic period all business organisation must implement the view of ethics.

Hi friend.

According to me if we want to run business for long term process than we should to apply ethics in business because every business men want to earn maximize profit with goodwill. And there are many company running good business like Infosys, Wipro, Reliance etc.

All these company are earn maximize profit and it doesn't matter this apply only for long term business, we can apply short term business and we should do every work in such good manner because if we don't like that than we call business man.

Hi Everyone,

I would like to contribute to the healthy discussion.

From my P.O.V, I agree with the statement "Ethics are just the passing fads".

In current scenario where business is a global challenge and the market is at the pinnacle of competition.

It's not true that every business avoids the ethical values as there are traditional business's which own their flagship by maintaining a never ending relationship with their distributor, patrons, clients and partners by achieving their confidence and faith through high moral values.

At present, New business's entering the market with their primary motto to earn high profits at a short span of time which leads them to practice unlawful and deceitful activities to grab customers.

I conclude that a business can own a goodwill by abiding with the ethics designed and practiced by all organization staff.

I think ethics is a relative term. Definition of ethics changes from person to person. If you want to succeed in business you will have to smart business. A famous marketing person once said "we have to come up with great products and project it to be a greater product to our consumers"; well he did compromise on ethics for some people. But at the end of the day, such a person did make the profit and acquire a rep.

Hello,

I believe that ethics are very important for the growth of a business. Those who follow get success and sustainable in the market and those who won't; might get profit for a certain period of time but I assure that they can't grow for a long run. Ethics can never be a passing fad it will be the soul and root of the business by which how many problems can come but if the root is strong so no any disaster can affect it.

We all know that business gets profits only through his customers so if you won't serve them quality than how can you expect that it can help to grow your business. It won't work for large scale business and also not for a small scale business.

To clear my point I'm putting an example I.E if you go for a tea stall and you won't find tea good then what you will do? You will pay for the first time for the tea but you'll never give the chance to that tea staller or attender and also you'll stop your friend to avoid drinking tea at that point and explain the whole which you experienced and one or the another day that tea staller is in loss as because he not only loose one customer but also many by the bad experience of a one customer. So what happen is if you are not providing quality and not following ethics while building up your business and also not continuing it you'll never gain profit.

I hope that could be helpful to understand that ethics are just like an asset of any business.

Thank you.

Ethics in business are not just a passing fad. This is the age of competition and not monopoly. The customers are having many options in the market, so it is important that firms maintain their regular customers. To maintain these customers ethics are very important, be it social, cultural, or any other. Customers are a media of advertisement also, they will recommend their friends and relatives about the firms. A business without ethics is simply a losing concern.

News of corporate espionage by giant conglomerates and some prominent examples in recent past like Enron, Kingfisher airlines creates doubt in mind of people that whether concept like 'Business Ethics' exist or it is the only useless study subject taught in B schools to managers having no practical application. Ethics in business depends on the values that organization stand for. We must also look at in this fierce competitive environment there are organizations which are known for there core values .