Can Uncompromising Adherence to Ethics Be an Impediment to Business Success?

The answer is No. Adherence to ethics can never be an impediment to business success in the long run. Adherence to ethical business strategy though sometimes can have sometimes short term losses but in the long run establishment of positive image of the company to the public is much more important than short term gains. The recent Paul A Volcker-led United Nations' Independent Inquiry Committee's report on how former Iraq President Saddam Hussein abused the UN Oil for Food Programme has turned into a huge embarrassment for the Congress-led United Progressive Alliance government and Foreign Minister Natwar Singh.…