Business Ethics in Management Essay

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Business Ethics in Management Abstract Many business managers can often be placed in difficult situations when running companies. These situations often test ethical standards that managers must abide by. For example, Jeffrey K. Skilling’s position as Enron’s Chief Operating Officer is largely credited with the progression of Enron’s destruction. His employees had no choice but to go along with his questionable decisions. Despite what a manager may believe outside of their job position, a manager of a company should be required to follow a set of ethics within their job as a part of their duty. The working conditions and fair treatment of employees, honesty and integrity toward customers, and incorruptibility should be upheld in high esteem by the managers of any business. In the past, many managers have failed at owning up to this responsibility as seen at Abercrombie & Fitch, BP Oil, and even smaller scale companies such as Menards. Moreover, much like honesty, integrity, and impartiality of employees, a manager that embraces professionalism and properly motivates employees is one that is displaying and owning up to an ethical responsibility. While it is admittedly arguable that a manager should not necessarily be required to have ethics, or that an individual’s ethical conduct may not need to be altered merely because of their job position, it is still crucial for a company to have a manager that embraces ethics within their role. Economist Milton Friedman discusses and elaborates on an interesting and thought provoking point as to what it means to be a manager within a corporation in a New York Times Magazine article entitled “The Social Responsibility of Business is to Increase its Profits.” It is important to note that the structure of a corporation does not technically utilize the term “manager,” but rather, “vice president,” or “chief executive

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