The Business Ethic

 

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As we know,Alibaba Group went public in NYSE(New York Stock Exchange) on September 18th,2014.And this group shocked the whole world because it became the biggest IPO(Initial Public Offerings) in the history of American Stock Market.Obviously,Alibaba Group represents Chinese Business and it shows great business ethics.From my own perspective,the most precious business ethic is that business company puts the whole society’s profit in the first place.Someone would say no company would like to sacrifice its own benefit in order to help others,because all people are selfish and companies are also controlled by human beings.That sounds rather contrived,but it works in practice.The founder and president of Alibaba Group,Ma Yun gave a fantastic speech when his group went public in America,and he said that he did not care about the share price of Alibaba Group,he was most concerned about the future of the society,and he would try his best to improve his group and let people gain much more benefit from his products and designs.He knows society is to business what the foundation is to the skyscraper,and  if the group wants to make more profit,it must be helpful for society and accepted by most people,or the group cannot own a rosy prospect.Therefore,the business ethic does not hinder company to achieve its benefit maximization.On the contrary,a company with good business ethic can lay a solid foundation for its future development.

http://www.economist.com/news/business-and-finance/21619213-chinas-big-e-commerce-site-dominates-its-american-peers-how-alibaba-measures-up

 

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