- Ethics in management
Ethics and ethical behaviour 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.
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 companyadds 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 actions
"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
Ethical decision - making
When making a decision in management the following criteria of ethical decision - 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?
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