Profit is not the only motto of doing business though it may be necessary to run a company and provide employment.
A series of disclosures of irregularities, including fudging of accounts, has shattered the public’s confidence in companies. One wonders how many more skeletons in the cupboard will tumble out thus making people cynical about the organisations, which until recently they had held in high esteem. It is clear, once the image is sullied due to any wrongdoing, it would be a Herculean task to regain public confidence.
Ethics in business thus is assuming greater and greater importance, than the bottomline. The shareholders might excuse a company for making a loss once in a way but can never countenance any unethical practice, which will harm the image of that company.
Ethical products and services
Some companies take pride in the fact they bring out only ethical products or services which enhance the quality of life. On the other hand, the fly-by-night operators, interested in quick profits, would do anything to sell their wares unmindful of any consequences on the users.
They may make a tidy profit by selling to the gullible, pack up, and disappear from the scene. A product, which states that it would provide relief when taken by, say, an arthritis patient, should do so, without ifs and buts.
Ethical practices
Employees are assets if treated the right way. However, their loyalty to the company they are working for cannot be taken for granted just because the management is paying a fair wage and compensation. This is more so when the job market has opened up due to competition.
هذه القصة مأخوذة من طبعة May 2017 من ALIVE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 2017 من ALIVE.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Donald John Trump brings the US to inflection point
The president elect is being looked upon with more apprehensions than appreciation.
Demonetisation: ‘Unleash the black money demon'
An audacious move but there is a need to differentiate between despotic and democratic ways.
High Tech Courts Of Social Justice
These can provide speedy justice to the needy sections in an inexpensive way.
Gujarat Ke Gadhey!
Netaas May Call These Animals ‘Gadheda’ (Donkey), but for Me, They Are ‘Ghudkhar’ (Wild Ass), Says a Guard at the Wild Ass Sanctuary in Surendranagar.
I Wish to Get a National Award Shakuntala Barua
A famous Bangla Cinema actress talks about her past, present and future.
On Keeping Secrets
A little-known tale from Mahabharata that is so often used by men to prove male chauvinism.
Cho Ramaswamy: Not Just A Film Comedian
Even in octogenarian phase of life he continued as the editor of ‘Tughlak’ and ensured the weekly never lost its sting.
Bombay High Court quashes ban on women in Haji Ali Dargah
Removing the status of persona non grata for women at religious sites.
Pullela Gopichand
The man behind the coaching factory of badminton.
Asha Bhosle's gift of lineage
Some untold aspects of the singing legend.