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Financial Analysis for Managers
Finance & Accounting
Pages 2 (502 words)
Mahatma Gandhi once said- ‘The ends should justify the means’. This statement simply implies that a person should not pursue an entirely result-oriented path which disregards the methods used to achieve the goals…
However, the highly competitive nature of today’s corporate world has given rise to an essence of unethical behaviour which underlies a majority of business operations; in order to ensure their success. Many a times, unethical behaviour in the workplace has an immense negative impact on the organization and its employees. These effects can be psychological, financial, social, or even bureaucratic in nature. Financially speaking, if a company adheres to unethical means, then it endangers its image in the eyes of the public, and less people would be interested in dealing with the firm. These may include suppliers, financial institutions, customers and distributors. Such a trade-less condition obviously is a set-back to the revenue, and thus the profit of the company. Moreover, from an intra-firm point of view, employees would have lesser faith in a company which does not deal ethically with the public, as there emerges a possibility of the firm using corrupt means against employees; if need be someday. Not only does this encourage the existing workforce to leave the firm, it also keeps potential employees to join the firm. This proves to be disastrous for the company’s overall growth and progress. ...
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