Ethics in management
Encyclopedia
Ethics and ethical behavior are the essential parts of healthy management
. From a management perspective, behaving ethically is an integral part of long - term career success. Wide access to information and more business opportunities than in the past makes ethics a need in modern business world.
improves the atmosphere at work and helps motivating the employees
ethic behaviour of management sets a good example to the employees
evokes a sense of pride for the company and improves its image in the eyes of the employees
From the point of view of external customer:
improves the public image of the company
adds to the overall development of ethical behaviour in the society
Social obligation: the company does not wish to extend its activity any further than just meeting its legal responsibilities
Social responsiveness: the company adjusts its policies according to the social conditions, demands and pressures
Social responsibility
:the company decides to concentrate on its long - term goals for the benefit of society in general
- making should be considered:
Legality - will the decision somehow affect the legal status?
Fairness - how will the decision affect those involved in it?
Self - respect - does the decision - maker feel good about the decision and its consequences?
Long - term effects" - how do the predicted long - term effects relate to the above parameters?
"Ethics in Management" Management ethics are the ethical treatment of employees, stockholders, owners, and the public by a company. A company, while needing to make a profit, should have good ethics. Employees should be treated well, whether they are employed here or overseas. By being respectful of the environment in the community a company shows good ethics, and good, honest records also show respect to stockholders and owners.
Management
Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively...
. From a management perspective, behaving ethically is an integral part of long - term career success. Wide access to information and more business opportunities than in the past makes ethics a need in modern business world.
Reasons to behave ethically
From the point of view of internal customer:improves the atmosphere at work and helps motivating the employees
ethic behaviour of management sets a good example to the employees
evokes a sense of pride for the company and improves its image in the eyes of the employees
From the point of view of external customer:
improves the public image of the company
adds to the overall development of ethical behaviour in the society
The four levels of organizational ethics
Social disregard: the company shows carelessness for the consequences of its actionsSocial obligation: the company does not wish to extend its activity any further than just meeting its legal responsibilities
Social responsiveness: the company adjusts its policies according to the social conditions, demands and pressures
Social responsibility
Social responsibility
Social responsibility is an ethical ideology or theory that an entity, be it an organization or individual, has an obligation to act to benefit society at large. Social responsibility is a duty every individual or organization has to perform so as to maintain a balance between the economy and the...
:the company decides to concentrate on its long - term goals for the benefit of society in general
Ethical decision - making
When making a decision in management the following criteria of ethical decisionEthical decision
In the context of decision making, your ethics are your personal standards of right and wrong. They are your basis for making ethically sensitive decisions.- Ethics vs. Morals :The words 'ethics' and 'morals' are frequently used interchangeably....
- making should be considered:
Legality - will the decision somehow affect the legal status?
Fairness - how will the decision affect those involved in it?
Self - respect - does the decision - maker feel good about the decision and its consequences?
Long - term effects" - how do the predicted long - term effects relate to the above parameters?
"Ethics in Management" Management ethics are the ethical treatment of employees, stockholders, owners, and the public by a company. A company, while needing to make a profit, should have good ethics. Employees should be treated well, whether they are employed here or overseas. By being respectful of the environment in the community a company shows good ethics, and good, honest records also show respect to stockholders and owners.