Points to remember before you participate in this discussion:
|Rohit Jain said: (Mar 24, 2021)|
|Ethics are general principles which should be followed as they have certain restrictions and policy under which business should perform to maintain the integrity so that it helps the business in the long run as it will safe business from involving into unnecessary things.|
|Nandini K said: (Jul 7, 2020)|
Good day to all you.
I'm Nandini K.
"Let us discuss the role of ethics in business".
Ethics is very important for every business. Nowadays we know about the ethical values but we don't follow because of our negligence. We must and should follow the ethics easily achieve at everywhere.
We have a very drastic example of Vishakapatnam gas tragedy we lost the thousands of people due to the irresponsible of ethics and responsibilities. Nowadays India plays a bad role in ethics. We totally addicted corruption from the starting business to at the end really it is the fact. No one didn't play a role without corruption. Must and should every citizen follow the ethics. These are helped us lot to easily lead the life. Any business or any individual life who commit unethical Presses will not be successful long term. Ethics are values, responsible, Bhevaiaor to Everyone.
Thanks a lot for everyone!.
|Mithiran said: (Jul 18, 2019)|
|In my point of view, ethics plays a vital role in all part of our life. In a busines organization, ethics is the most important one because if we have to run a business through a set of ethics. We have to consider the customers and the workers working in that industry. And the quality of the product is also to be a better one due to that ethics. Because they are having a rule to how to make a good product for our consumers. Them only the consumers has to be bought that product. So ethics plays a very important role in each and every part of life.|
|Pallavi Rajput said: (Jul 2, 2019)|
|Ethics means principle. Ethics is very important in life and also in business. It makes the value of a person in themselves and in front of others also. According to me, every person should have some ethics in life and also in business. It plays a very important role in business to create a branding of a person and also for creating a brand for business which is responsible for business growth and also in expansion. If a person has ethics in business it increases trust and respect in the customer's mind and others also.|
|Yogendra Patel said: (Apr 17, 2019)|
|According to me, ethics is the only to create a vision of an organisation, because it is all about how an organisation treat their employee and most importantly their targeted audiences if they provide benefits to them then surely the company will lead for a long period of time.
The very known example of this is JIO launched by Reliance Industries Limited, they have provided the utmost benefit to their consumers, and we can see that Reliance revenue is very much high.
|Anitha said: (Dec 17, 2018)|
|According to my point of view, Ethics is the most valuable thing in business and also life because our old Puranas say that ethics nature and features like Ramayana and Mahabharatham, so ethics must be followed.|
|Sanju Jaiswal said: (Oct 17, 2018)|
|According in my point of view, ethics is very important part of business, ethics make the trust with everyone to the company. As todays world is a fraud, fake world which destroy their unity, trust for any business, these they do for the money, but these makes the destruction of the company. Ethics make the company for a long time to run. Ethics is like a food, people eat food for their survival, same as business needs a role of ethics to run the company for a long period of time.|
|Haripriya.M.A said: (Oct 4, 2018)|
|According to me, the ethics is the most better way to achieve the organizational goal with good customer friendly approach.|
|Ab Sharma Abhishek said: (Aug 31, 2018)|
|Business ethics is the approach and the mind set which should be followed for the betterment of the business operation.|
|Rishabh Agarwal said: (Aug 22, 2018)|
|Business is playing a very important role in business at all Level. Because of some reason are as:
1. Cost control.
2. Performance, revenue and profit may also need business ethics.
3. Consumer confidence build the ethics.
4. Ethics tell what is good or bad for business.
5. Ethics help to make a reality of business.
6. Rights of consumer build the ethics.
So, ethics ethics play very crucial role in business.
|Sivakanth said: (Jul 1, 2018)|
|Ethics is back bone of any business, why because we can build trust in customer if we have good ethical skills, good ethical skills will give you good money and good relationship with which lead to get more business.|
|Gosala said: (Apr 22, 2018)|
|According to me, the absence of ethics in a business can harm or kill a person in the society.|
|Nikhil Doohaan said: (Dec 22, 2017)|
|Ethics is what make things or processes more people friendly.
Business is basically a way of treating your customer to get the most money out of them, now if that customer doesnt see ethics from the company, why would he be interested in doing business with that company.
Considering the present scenario of the market, a customer has endless options when it comes to doing transaction with a company.
So apart from being the, most feasible transaction. Ethics are the 2nd most important aspects that a person looks for.
|Jeet Barad said: (Aug 24, 2017)|
|Ethics does not support your Buisness because there are many times. Where we have to compromise our ethics to run buisness. And c it happens to be most imp. For us to run our buisness rather than ethics. As time changes we must change. Ethics were valued at 19th century times. Now, only value is you are a success whether it may be from ethics or not. If you follow you are ethics then survival becomes. Difficult nd if you can survive then definetly you should follow ethics but it may be not possible all buisness. So, I believe ethics does not have much imp role in businesses.|
|Sana said: (Jun 21, 2017)|
|Nowadays the definition of business has become receiving profit at the cost of goods and services. But how good would this line be that the definition of business is receiving enormous satisfaction at the cost of services and goods provided? Profit might not last longer but satisfaction will throughout. So I guess following ethics in everything will help us achieve the purpose of life.|
|Anu said: (Mar 9, 2017)|
|Ethics are moral values. The effects of ethical practices in business can benefit a company financially and they can also help a company to gain the elements it needs to grow.|
|Tanya said: (Mar 1, 2017)|
|Ethics are the values and moral which are individualistic in nature. On one hand, if a person holds onto the ethic until the very end he is likely to get success slowly but for a longer period of time. It is not good to earn the profit at the cost of other people as there are more chances to loose respect in the society. On the other hand in today's wold's people are recognized through their money and power and not whether or not they follow ethics. But not following the ethics might not assure the success of the person for a longer time. This I m in support of the statement that ethics play an important role in the business.|
|Rahul R S said: (Feb 12, 2017)|
|Let me borrow a quote from Mahatma Gandhi that "It is difficult, not impossible to run a strictly honest business". I also think that way, because recently reliance Jio cut down data rates drastically so that it affects other companies but if these companies have a given good offers earlier they could have survived and that will be an ethics.|
|Pavan said: (Sep 16, 2016)|
|Tha main role is it provides right Education, new Technology, care of people Health valuable Information and most importantly customer satisfaction.|
|Vairamani Periyasamy said: (Aug 31, 2016)|
|The word, 'Ethics' means principle. Principles are made to guide people towards peace and prosperity. But it is not apt for a business man to follow ethics. Once it was appreciated whereas today it vanishes from the minds of the business man. It is too difficult for the business man to follow ethics to gain profit.|
|Pratik Maurya said: (May 25, 2016)|
|Ethics are related old time and many bases are depend on old time. Lord mahavir and buddha. This god only words follower said this this things. It's depend own business mind to follow dharma, sanskar, sanskruti etc.
They are ethics. Ethics means old tricks. Old ness like 2.50 thousand year ago.
|Hafiz Shaheryar said: (May 6, 2016)|
|My point of view in Ethical Role in business When you give value to some other person that is your real profit.|
|Uzma Murad said: (Mar 17, 2016)|
|Ethics are rules and moral values. A business must use ethics to get a good image with customers and long term relationship with them. By using ethical company can get high profits with great struggle for a long time and unethically company can get high profits easily but for a short period of time.|
|Punith said: (Dec 31, 2015)|
|Business ethics is a subset of ethics. Business ethics is a specialized study of moral right and wrong in the business arena. It focuses on moral standards and rules as they specifically apply to business strategies and choices, policies and rules, business institutions and organizational behavior. Business ethics is the science of values and principles in business exchanges.|
|Barny said: (Oct 25, 2015)|
|Business ethics is just as important as acquiring the moral autonomy principal where your character or moral values determine what type of person you are or in this case the type of business you're running.
So if you dare to do unethical acts in the business industry to satisfy the companies obligations or yours, then you and the company shall suffer in the long run, because according to the golden mean "Do unto other's what you want to be done unto you" will always come around one way or another and another main factor in the business world for unethical behaviors, if one is not faithful in little things then he or she can't not be faithful in bigger things, so the person or business will never progress as planned.
|Monisha said: (Jul 8, 2015)|
|According to my point of view, we must follow ethics in business then only the business should be sustainable for long period of time. We don't follow means we may face more problem in upcoming period of time. For Eg. like Maggi, the company follow some unethical way so now the product is banned. Hence to survive in long terms ethics should be an vital part of your business.|
|Khushbooasawa said: (Feb 11, 2015)|
|Ethics in business can be compared to Sun in solar system. As all the planet's and their cycles revolves around the Sun for their survival, similarly, business revolves around ethics for its survival.
Being non ethical indulging into cheats and fraud can benefit a person in business in short run but in long run, unknowingly, the person pays the price of trust, honesty and skill which makes the backbone of business. And everyone knows how a body looks like without a backbone.
|Alaa said: (Dec 12, 2014)|
|In my opinion I think every company must has its well known ethics and moral values and everyone working there must be punctual to these ethics.
This will increase the trust not only between the employees in the company and their customers but also between the employees themselves.
And for sure as all of you said this will let the company gain the profits in long period of time but also for long period of time because of the reliability that the company achieves through it's commitment and obliging.
|Poonam said: (Jul 22, 2014)|
|Ethics in business is important without it we cannot achieve any satisfaction or profit or integrity and support from the people or from the business. Business involves people and everybody Need their fair amount of returns. It's gives transparency and long term profit and as a person we should have a social responsibility were our surroundings be benefited from our business. This would be a small contribution towards the country.|
|Mcm said: (Jul 9, 2014)|
|Ethics is the discipline dealing with what is good and bad and with moral duty and obligation. Ethics in business nowadays is being unnoticed because the mindsets of the people are focused on gaining profit. Although the business' main objective is to gain more profit and survive in the long run, they should also take into consideration the ethical values because somehow ethics can contribute in the success of a business as cited in the article on Integrity and Ethical values of Dan Feder. Having integrity and excellence can gain trust and loyalty from customers or people around the business.|
|Shubham Jain said: (Mar 21, 2014)|
|Moral values are important for everyone's life as they helps us to escape from worst part of life. So being ethical is good for business, it will take some time to be succeed but finally you will goal your mission.|
|Raj Mahor said: (Feb 9, 2014)|
|In my opinion, business and ethics can't go together because in today's situation with immense pressure and competition, its not so easy to become successful with ethics.
When we follow our ethics, they hinders us from succeeding as they squanders time.
Ethics are generally bounded by religion, moral values. Such things can not work in business where you are expected to be professional and practical. A businessman should know how to handle pressure and competition and not to be ethical. People today judge you on money and not on ethics.
|Santosh Kumar said: (Feb 4, 2014)|
|Ethics is good only in real life not for business. Motive of business to earn money and to run successfully. But it dose not mean that we makes business unethical because there are two parameter to judge it. First is be human kind in life and second is be a look forward in business. It is depend on different field even if that is something else.|
|Mir said: (Dec 27, 2013)|
|Ethics to Business is like, man to business. If man do not have moral ethics therefore business has no ethic as well, because it is man who govern business.
Business do not reason nor initiate its own social responsibility but only as a juridical being, man is a rational being that governs in the business.
Conclusion: If a business is not ethical therefore the people in the business are not ethical.
Provided further, ethics is to be value and not to value ethics because man-business are compose of ethical and unethical or moral and immoral, it is then we'll be able to discerned if we define ethics by our own values.
|Divya said: (Nov 23, 2013)|
|In my opinion, ethics are the moral values, culture and belief which should be followed by the organisation to be successful. If a company wants to attain more profit in short duration they will go for unethical practices because through ethical means company gets a profit but it takes a long time.
The top management of the company makes sure that the ethical practices should be followed by each individual within the organisation then only company will attain the trust of the customers. Ethics not only gains trust of customers, but also of stakeholders, shareholders, owners, investors and employees of the organisation.
Lastly the business which follows ethical practices will do the development of country as well as the society and the industry in which they operates in.
|S.Srinivasa Rao said: (Oct 28, 2013)|
|Hello. Actually I didn't have any idea on ethics in business. But after seeing your discussions, I've got an idea. Ethics is important in business to gain long termed profits. By this the company feel safe and secure. The company may not develop faster but haves a trust of their customers. So ethics play a very imp. Role in business.|
|Manitbhaijaan said: (Jun 7, 2013)|
|According to me "Ethics is knowing the difference between what you have a right to do and what is right to do". It is true that morals and values differs for an individual, concerns come in our professional lives. When people at work pressurize you to things, often we ignore our ethics.
- In today's situation with immense pressure and competition, business and ethics can't go together.
- A couple of times because we follow ethics, it hinders us from succeeding because it squanders time.
- Ethics are usually bound and nurtured by religion, family values etc. Such forms cannot work well in business where you are expected to be professional and practical.
- A businessman should know how to handle pressure, stress and competition and not how to be ethical.
- We all want to make quick money. In today's market, being ethical takes a toll on you.
- Ethics unlike a balance sheet don't have visibility. People today judge you based on money and not ethics.
- Ethics makes you stronger and independent. People can't deceive you easily.
- Not following ethics makes you a selfish person.
- There is nothing wrong in making profit. But, making profit by unethical means could cost a lot of people harm, mentally.
- Customer's perspective is to link with a company with ethics and values. They know that will never be forged.
- Being ethical in business creates a sense of responsibility towards society.
Morals and values are extremely individualistic. It's incorrect to say that you can't succeed if you are ethical in business. You will probably take some more time to succeed. You can't force someone to follow ethics.
|Madhusree Datta said: (Mar 13, 2013)|
|They say that "Ethics is knowing the difference between what you have a right to do and what is right to do. It is true that morals and values differs for an individual, concerns come in our professional lives. When people at work pressurize you to things, often we ignore our ethics.
Morals and values are extremely individualistic. It's incorrect to say that you can't succeed if you are ethical in business. You will probably take some more time to succeed. You can't force someone to follow ethics.
|Amansaxena94 said: (Feb 4, 2013)|
|Ethics is moral standards of individual to being good at corporate sector and socially with society.
To build such better image of company by internally and externally ethical culture of corporate in mind of stakeholder play very vital role.
|Gaurav said: (Nov 19, 2012)|
|Ethics will gain importance in the coming years because you can no longer fool people in India with the advent of media and rising literacy rate.
Today's youth wants to work in a company that is highly respected, same can be said about consumers who want to purchase from a well known sources.
So ethics is no longer a fad but is going to be a compulsory norm for companies.
And the day it will be; India will truly be a superpower.
|Vijay Kumar Bojja.Niper12 said: (Oct 3, 2012)|
|Assume that there are two companies which are competitors in a field. Both produces high quality products. To grab the market share of one company, another company follows unethical practices. Because there is no other alternative option.
According to the companies view, its a type of marketing strategy. But if they caught by doing unethical things, then it negatively affects whole business.
You can observe this type of case between Hindustan Unilever vs P&G etc.
|Anil said: (Aug 5, 2012)|
|If we talk about the ethics in business, ethics means legally achieving the company objectives and filling the bank balance. But Indian business is totally corrupted it means if we want start new venture we have to pay some amount in illegally then only we can get permission, and starting to end of the day business people are involving in illegal activities.
So, present days its some more difficult to find ethics in business.
|Mohammed Nayeemuddin said: (Jul 18, 2012)|
|Ethics in any business plays a vital role in long term. Doing unethical practices may give quick and huge benefits but it is like digging your own well. If any business firm or any individual who commit unethical practices will not be successful in long term. Best example is the IT giant satyam.|
|Akash Bansal said: (Mar 21, 2012)|
|First of all, I would like to aware you the word ethics, ethics means the value, belief & culture. Acc. To my perception, ethical business always keep far away to get trouble and it is shown proove to be best for long term time period. Non-ethical business is the quickest way to get more profit for the short time period, after that it is not be able to carry on further business because till that time, lots of problems will have got by the co. Ethical business has transparent transactions which is answerable to the stakeholder of the co. With their fully satisfaction easily.|
|Raheem Taiwo said: (Jan 28, 2012)|
|Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns.
|Akbal Ansari said: (Jan 5, 2012)|
|As ethical behavior comes to the forefront, more and more companies will be taking these steps to ensure that the ethics of their company and its employees are unassailable.|
|Neha Gupta said: (Jun 28, 2011)|
|Ethics are the values, roles and responsibilities which every one should adopt in personal as well as professional life to get succcess.|
|Gd_Prep said: (May 11, 2011)|
|Ethics means the ability of a person to follow the right conscience during difficult times whatever the situation may demand, he should give in to the unethical practices to gain short term goals and profits. Apart from achieving corporate goals, a business has certain responsibilities towards the society, stakeholders, employees, etc. By running the business in an ethical manner, we not only earn the good reputation in the global corporate arena but also create a positive vibe ans amiable working environment among its investors and employees. So to maintain a long term relationship, we should take unethical practices.|
|Saurabh said: (Feb 21, 2011)|
|I also believe that ethics are vital to be there in an organization if it wants to survive for a long period of time.
But now a days, globalization has made things possible for different companies to do the business in any country and these companies don't care about the moral and ethical values that are supposed to be there in them.
|Kashish said: (Nov 26, 2010)|
|Doing business with ethics means "Doing Business right" and not doing the right business that can earn profits only. With ethics incorporated in your business processes one can earn profits but only in short run and the same thing happened with the IT giant SATYAM ; it could not survive.
You are answerable to your stakeholders and you just can't do away with that. Hence to survive in long term ethics should be an integral part of your business.
|Palaniyappan said: (Nov 14, 2010)|
|Ethics : Nowadays who know that meaning of ethics in their business. Only pickup and gain their bank balance. It will make many dangerous feedback to nation and also a individual person's life.|
|Kartik said: (Sep 30, 2010)|
|Ethics is very important for every business. Doing ethical business will create confidence in the mind of stakeholders. Business vs safety is very important criteria because doing business with safety norms and ethical practices gives more value than the business without ethical practices.|
|Sindhuja S said: (Aug 18, 2010)|
|Ethics is important to have its influence on business.... but it has no impact these days.. We can never also expect for its influence to b on all fields.. because its difficult these days to find some who initiates something good to happen :(:(|
|Majid said: (Jul 22, 2010)|
|Who see's about ethics nowadays it is a word of the past long faded away recalled in the memories of very few as everybod nowadays knows how to just make their pockets heavy at the risk of others lives.|
|Anuj said: (Jul 14, 2010)|
|Ethics are the principle of wright and wrong that are accepted by the society or organization. It play a important role in perception of a scenario. The decision which you take are highly influenced by the ethics we believe in.
In business we make decision which force us to distinguish between profit and ethical values. These are the decision which decide how are business is going to run. Those people who can make profits and maintain ethics of business intact are the most successful businessman.
|M Singh said: (Jul 14, 2010)|
|Definitely there are some obligations which one should abide by and follow while doing ones business, rather we have very drastic example of bhopal gas tragedy which cost life of thousands due to absence of ethics and responsibility. In a business welfare of society is as important as profit, hence a business without ethics would only aim at filling one's own deep pocket instead of serving country and such a kind of business would only be a liability for society.
While a business having ethics would be aimed at over all development of country, society, employees and that industry, in this way business will also blossom at a greater pace. Hence, role of ethics in business plays a quintessence part and should not be avoided at any cost.
Role of Ethics in Business
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