Role of Ethics in Business

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.

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.

Thank you.

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.

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.

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.

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.

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.

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.

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.

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.