Business and Ethics: The ideal combination
After attending my fair share of E-Talks, webinars, etc. by the industry professionals and entrepreneurs, I have concluded that there is a favorite question that the audience likes to ask time and again. If you've come this far reading my blog, you already know the question I'm referring to. Yes, you guessed it right! There's always a question that pits business against ethics. I conjecture that most of them will agree that business and ethics don't go hand in hand, especially these days, and rightly so because business is a mind game, and emotions have no room in this game. People involved in the business arrive at decisions practically. Maximizing profits and earnings is the primary goal. Values and ethics take a backseat in the business scenario. Well, I have a different opinion because, in recent times, we have had so many examples that state otherwise, for example, the PNB Scam, Kingfisher Scam, etc. Unethical means did bring profits and fame but it is always short-lived. Eventually, everything comes crumbling down. An ethical way of doing business will always be fruitful in the long run. It will build their trustworthiness and gain profits too.
Let's not pit ethics and business against each other but associate them with each other.
Vivekanand business school