Role of Ethics in Business
Points to remember before you participate in this discussion:
- Assume you are one of the members of a real group discussion.
- Take the initiative to participate and contribute your thoughts.
- Contribute your positive thoughts towards providing the solution.
- Post your thoughts here.
Discussion:
61 comments Page 3 of 7.
Madhusree Datta said:
1 decade ago
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.
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.
(24)
Anuj said:
2 decades ago
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.
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.
(24)
Sanju jaiswal said:
7 years ago
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.
(26)
Khushbooasawa said:
1 decade ago
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.
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.
(87)
Yogendra Patel said:
6 years ago
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.
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.
(15)
Vijay kumar bojja.niper12 said:
1 decade ago
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.
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.
(55)
Kashish said:
1 decade ago
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.
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.
(33)
Gaurav said:
1 decade ago
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.
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.
(29)
Poonam said:
1 decade ago
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.
(33)
Anil said:
1 decade ago
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.
So, present days its some more difficult to find ethics in business.
(24)
Post your thoughts here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers