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Are business ethics or profits more important?

This Debate has 18 articles on the Ethics side and 7 articles on the Profits side. Click here to see all the articles rated and ranked by Helium members.

Ethics

If you own your own business or work for some one that relies on
business ethics,look at how they handle customers. A successful
business owner knows if you have good ethics, the profits will come.

Building a good foundation is far more important in the start up
of a business. Good business ethics contribute more to the
profitability and success of a business, rather than just looking
from the profits point of view.

Customer base businesses that rely on the customer coming back
are detrimental in keeping a business out of the red. If you run
your business with a firm base of ethics, the customer sees this as
reliability in service and salesmanship. People pay close attention
to how businesses are run.

People often do not like to take chances when it comes to making

money, but if you only look at the profit side of business you are
loosing sight of what you are trying to achieve.

The customer does not want to be a number in a long line, ready to
give you their hard earned money. You have to be ethical to the
customers needs, providing a helpful service to them and providing
them with the attributes to keep them coming back.

Customers want the services of companies that hold ethics high. It
shows commitment and prestige. The set standards that are in place
will provide the customer with a assurance that you stand behind
what you sell.

Work ethics, customer ethics, business ethics keep the business owner
in the green. Setting an example to others that work in competitive
environment that the job is being done at high quality standards.

If you want to see a company that works off of profits other than
ethics, Look at the IRS. The only thing they care about is the money
you owe to them.

They do not care how hard it is on you. They just want the money!
We deal with them, because we have to. They are a branch of business
type government that has no ethics, just margins and profits.

Credit card companies are the same way, they want you to default on
your on time payments, they make more profits that way. When you
default on one missed payment, they can raise the interest payments
from a low percentage to a higher risk percentage.

The over all ways to look at good business ethics, would be like
what would Bill Gates do? He made it to the top by having good
business ethics. Supply and demand with his Microsoft business. The
profits came later, after he established a customer base for his
product.

We could get carried away by only thinking about the money and leaving
every thing else on the back burner. We could only think of our selves
as we travel down the business highway, leaving the customer to choose
for them selves. We could do a lot of things different but like people,
businesses are different to. Ethics and people go hand in hand and that
is what makes a business a success.

Learn more about this author, Rex Coker.

Below are the top articles rated and ranked by Helium members on:

Are business ethics or profits more important?

Leading "Ethics" articles on:

Are business ethics or profits more important?
  • 1 of 18

    by Marco Angioni II

    Ethics and profits are not mutually exclusive. Although it is true that you can make a profit by acting unethically,...read more

  • 2 of 18

    by Liz Roberts

    What must a business do nowadays to garner the most customers? Possess a good code of ethics. Let's face it. M...read more

Leading "Profits" articles on:

Are business ethics or profits more important?
  • 1 of 7

    by Laurie Mueller

    Are business ethics or profits more important? A business exists to make a profit. If the business doesn't make a...read more

  • 2 of 7

    by Alex Kee

    "It's the Profits, stupid!" would be the only honest answer you get from the business owner if you ever dare asked th...read more

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