Sunday, July 8, 2007

Issue : Ethics in Business

“The most effective business leaders are those who maintain the highest ethical standards.”
Discuss the extent to which you agree or disagree with the opinion stated above. Support your views with reasons
and/or examples from your own experience, observations, or reading.

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In the world of high competition, what is at stake is company's reputation. The growth of the business, the quaterly revenue revenue has brought in the spirit of aggressiveness into the business world. I completely agree that the effectivity of the business deals, today, depends on the ethical standards of the business leaders, who represent the company, as the ethics brings in the invigorating whiff of freshness into the process.

If one obeserves the policies of big names like Wipro and Infosys, one point is clear that more than anything else what matters is your ethics. No matter how bad you are in your work, you can observe people at your workplace and improve. But, you can never biuld a strong personality with great ethical system. The learning begins right from the childhood and it is a continuous process.


The second reason for my view is that world now is more connected, and the media is very active. Your every move is being watched. What now counts is not only the face value but also the inner personality. To become a successful business leader, one struggles right from the college days till one reaches the level where you are the part of policy making team. After acheiving so much, if one is caught harassing the subordinate employee or breaching the security policy of the company, then one should not have done the hardwork at all. Thus, your personality and ethical value definetly reflects the policy of the company, and hence the growth.

While there are few, who feels that at the end of the day, what matters in this era of globalization is the growth of the company and whether one is able to bring in busniess, which depends on the face-to-face dealings between the business leaders. The make or the break of the deals depend on the way they market themselves. However, I beleive that what remains the backbone of the process is their ethics. I agree that business leaders can have best strategy, best technical background, but without ethics, the client won't even turn towards that company for the business and so the question of having best in you except the ethics won't let you survive.

To conclude, I agree that ethics is the most important quality that a business leader should have for the person to survive as a leader and for the company to survive in this competitive world.

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