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| Yes | 49% | 58 votes | Total: 119 votes | |
| No | 51% | 61 votes |
Yes
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Add to FavoritesThe business market is as competitive as never been witnessed before in the previous centuries. Intricately necessitating a highly and stiff competitive market. These field offers two options one practice of ethics and two practice of unethical business.
Technology developments have harnessed diverse ways and means to advertise, improve on sales and production, promotion, profits, decrease losses, price fluctuations, business product or services. Booming the market with desirable strongholds when it comes to the foundations within the financial market. Technology in the 21st century has indeed been instrumental in harnessing the business industry. The diverseness of enterprises have made inroads in all means that can influence growth and development of their structures. Notwithstanding ethics in businesses, enterprises are compelled to keep up with positive ethics. Essentially due to the long-term effects they impact on any business structures in regard to endeavor and flourish.
Its about preserving the successive consumers into the relative market for the long-term period. Incorporated by a sound corporate image that will bound other corporates to respect and have business transactions with. Its important to establish, maintain and sustain businesses ethics. Greed in business amounts to short term objectives and goals that deteriorate the growth of business once the stake holders or consumers realize the unethical practices. In an intrinsic way the competitive market somehow regulates ethical practices in that business enterprises want to present the best structures of transaction of their products or services in the mass consumer market. The mass consumers are cautious and on the look out for experiences that are bound to withdraw their successive transactions at certain points of business that forth products or services. Ideal this necessitates the businesses to streamline their business ethics embracing the mass consumer interests or the market interests. Its calls for fair play, honesty, respect, deterrence from conflict of interest and utmost good faith when presenting products or services in the market.
Desirably when substantial business ethics are in place greed doesn't prevail. Cultivating the enterprise interests, values, growth, development and mass consumer population demands adequate business ethics to meet the relatively standards of a competitive market. The business market is extremely open in comparison with the past centuries. Mass media communication, technology, businesses interactive communication and marketing communications have presented a field where financial interests, deals, transactions are showcased on a regular basis. This areas assess, evaluate,research and analyze financial to economic trends within the diverse forms of businesses. Business reports, financial news, economic analysis are bound to trickle in from time to time keeping the business on guard in regard to their ethics within the competitive market.
Lack of business ethics can extremely taint structures of business transaction of products or services. Thence its of great importance in the 21st century to brace desirable business ethics. Which will embrace the mass consumers population, the business market and the interior of the business structures.
Learn more about this author, Alexander Mutua.
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No
The short answer is no. Without Greed we wouldn't need ethics. In the Bible we find the quotation " The love of Money is the root of all evil." From Wikipedia we learn that "Greed is the selfish desire for or pursuit of money". If one accepts these two statements, then we quickly realize that ethics stands very little chance. For thousands of years mankind has been plagued with a small minority who want to rule and possess more than everyone else. While society needs rulers, and natural ability will allow some to have more than others, the existence of hereditary wealth among an elite upper class has been condemned by better writers and thinkers than I. Another Biblical quote is " The poor you have with you always," and it is true. Without a change in the nature of mankind, we cannot hope to conquer greed by regulation.
My mother used to tell me that you cannot legislate morals. It was her opinion that you were wasting time and expense to try to pass laws that enforced a moral issue. She would cite prohibition and censorship as examples. I suppose she was right, since even laws governing drug use are almost impossible to enforce. People suggest that regulation is more effective than prohibition. If only we could regulate greed.
My own view is that we need to educate everyone, so that they will understand. For that you need intelligence and wisdom. Someone once said something to the effect that there was a shortage of these two commodities and that it would continue forever. If people could be enlightened so that they could see ethical standards in the light of self-interest, maybe then ethics would triumph. I just don't see how we can educate and enlighten people who believe that God will be pleased when they blow themselves up and kill a bunch of children. We can't even get people to understand that all of us are people, members of the same species and that we all have the same basic right to live.
There can be no surcease of greed so long as the importance of the individual, not to mention of life in general, is still a subject of debate, and we still live according to the words of Ebenezer Scrooge when he said, "There is nothing on which it(the world) is so hard as poverty; and there is nothing it professes to condemn with such severity as the pursuit of wealth!" It requires, instead of regulation, a change of view towards a more equal society that is required to make mankind able to live as the 'global village' which some espouse. We cannot continue to live in 'our own private world', when the earth is being poisoned for all of us, by each of us. want to read.
Learn more about this author, V R Rutledge.
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