Are Ethics in business relevant?
Why do we follow ethics?
What is the scope of Ethics?(Meaning: Is it correct to follow ethics even if it is detrimental to the purpose that we have set out to achieve.
If we take example of Nehru (who I believe wanted India to rise), correct in trying to pursue ethical leadership in world where in the end, there was a war in China which led Henry Kissinger to remark that “Idealists should not be in Politics”
or
If we take an example of Corporate environment where in the event of cut throat competition if by some unforeseen one time reason a company performs lower than expectations and then decides not to make the losses public(as it fears that it might lose customers) and declares “met expectations” result. Is the company CEO (whose job is to give better results to stake holders in the organizations namely shareholders, customers, employees) in the wrong because he did some concealing; or is he right because he knows what caused the aberration and fixes it and decides to avoid making it public to get new customers and thus giving better results to all the stake holders. Let us assume that the competition is very tough.
Also, does it make a difference what other companies have done in the same scenario?
This is one topic that I think is fundamental in running an enterprise and I have never been able to find a satisfactory answer to these questions.
