Ethics in Business are just a passing fashion

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31 comments Page 3 of 4.

Ajit kapoor said:   9 years ago
Hello Friends,

Ethics is your integrity and your commitment to carry forward it even in an-appropriate circumstances. A business builds of a value and that value is the effect which attracts the customers towards the business.

There have been successful businessman who have been known for their integrity and ethics in business. The best example for this will be TATA. The brand equity which your brand develops for a long period of time is a function of the ethics for which the company is known.

To create sustainable and profitable businesses, ethics are very important. Such is the strength of ethics in business that it also helps a company to diversify into other segments or new markets which are not its core competency, but the Business gets success due to its ethics.

One of the good example can be Mr Raju from Satyam who keep fraud his shareholders, and you can see the result where he ended despite being a very rich person for nearly 8-10 years. "Sustainability" is something which can only be achieved by ethics and hence results in profitability and successful business.

Rohit kumar said:   9 years ago
Hello friends, as per my opinion ethics plays a very vital role in Corporate, India is developing country and everybody is aware that what is right and what is wrong, if the company is promising to provide the value and the services and not to hang on their commitment, it will reflect the mindset of customer so it will not be good for long term business.

As we all know that 4 satisfied customer make 1 loyal customer. If the customer will not satisfied with the product and the values of the product which was offering by the organization. The reflection will be show on the business of company and ultimately the business will declined.

AJINKYA said:   8 years ago
I would like to add some extra point in this discussion. First to follow 'ethics and compliance' is very needful for every organization to succeed in these competitive world. If we give better service and satisfaction to customer, it will be very easy to achieve our targets. There is no any shortcut for long-lasting success. It will take time but your career will be best.

Zaid said:   8 years ago
Hi all,

Ethics is always considered to be the core of human values since the inception of living creatures. Especially in a country like India which is well enriched with religious values and culture, we consider our moral values to be very high. But lets face it now. In lure of getting success, the era in which we are breathing the definition of ethics is self centered. Human values should be the "end" not the means!

Take example of all the recent major scams. Recently Volkswagen emission test scandal or Sathyam scam or coal scam or Enron. One person commits a fraud or unethical behaviour at the top management. Now knowingly or unknowingly the subordinate supports that fraud considering it to be the means to earn more or be more recognized. Thus, sacrificing our own ethical values in gaining short lived pleasure of success.

Anyways, there always going to be a battle between economic progress and ethics. One has to compromise the other to reach new heights. May be some unethical behaviour favours new job creations, eradication of poverty and making one country look more brighter than the other. As many truths are still hidden of why some countries are emerging so fast.

The best alternative should be "To look at the larger benefit of society and people".

Vandana singh said:   7 years ago
Hello friends,

Ethics are actually the unwritten and traditional keys to success. All successful people have ethics associated with them.

If we speak about ethics in business it is very wrong to say that it's the only pretence, actually, it depends on from owner to owner.

If a company follow its ethics and satisfy customers need without any compromise they can win customers trust, which is really required to succeed in today's competitive world.

DUNCAN said:   7 years ago
Ethics goes hand in hand with the success of the business although some may argue differently to win the trust of the public whom the success or the failure of the firm depend on upon the business has to uphold ethical practices at all levels of the management.

Seersak joshi said:   6 years ago
In my opinion, ethics is equally important as that of business because we all know that a person's character may be known from his or her behavior or ethics. So it is very important for a businessman to maintain ethics as the consumers are much attracted to those persons who have good ethical value or good behavior.

So according to me first, the behavior should be emphasized rather than business, after all a good business man's personality is judged by his behavior.

Yazar said:   6 years ago
Hi, Business ethics this is very hard to believe lesson in each and every successful business peoples in the world.

This is mainly focusing customer satisfaction. If you are going to buy a things in the market there no of brand are available. Peoples thinking about that we spend this much money to buy this product. Is this worth which we offer that much money for this product. This is the question will rise everyone mind. Here the ethics play the role. Peoples will buy the product Bz peoples believe that. Very hard to convince peoples. They will not buy only by the feature they will buy for the benefits. So ethics in business not just a passing fashion. It's a passion.

Elizabeth Ngacha said:   5 years ago
Ethics ensures that there is no discrimination in business, it also creates fairness in competition, ensures the protection of the environment, ensures fair play in the competition and eliminates the use of unfair means of achieving a business objective. That's all. THANKYOU.

Naveena D said:   5 years ago
Good Evening Friends,

According to me, In Business, ethics are not just a fashion. It is also used to help the business success and development for doing right way. Ethics are important thing in business environment. It is helpful for business growth.

Thank You.

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