Business ethics is a form 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.
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. 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.
But then Ethics makes you stronger and independent, people can’t deceive you easily and 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, especially to your emotional peace of mind.
Customer’s perspective is to link with a company with ethics and values. That is the only thing they know 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. While you can’t force someone to follow ethics, by following ethics yourself and setting an example you might just benefit many people at the same time.