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Wednesday, May 20, 2009

Unfair Business

And, The Winner Is ...

All is fair in love and war, they say. Everything is fair in business too, it appears. The way the business is sought to be expanded in this dog-eat-dog world of competition makes one wonder if the means adopted as a consequence are justified at all. We are all aware of the fall of many a big name in the global corporate world. Nearer home, we saw how Satyam fell low, thanks to the shenanigans of its founder. All these have brought the governance issue upfront yet again. The problem, I guess, lies in the degradation of value system. Ethics, morals, values et al have become scarce qualities in individuals. The society naturally reflects their absence in individuals. Not surprisingly, this is showing up in coporate world, too. We see a loss of trust. This has already set off a host of not-so-fair practices in the business world. The name of the new game is smartness. Certainly not fairness, it appears.

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