Role of Ethics in Business

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.

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.

Tha main role is it provides right Education, new Technology, care of people Health valuable Information and most importantly customer satisfaction.

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.

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.

1) Satya.
2) Ahimsa.
3) Asteya.
4) Aparigraha.
5) Brahmacharya.

They are ethics. Ethics means old tricks. Old ness like 2.50 thousand year ago.

My point of view in Ethical Role in business When you give value to some other person that is your real profit.

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.

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.

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.

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.