Ethics in Management Essay

654 WordsJul 21, 20133 Pages
BME leadership and management development programme . Ethics in management Ethics in management  Ethics – ‘The science of morals in human conduct’ ( from the Greek ‘Ethos’ – characteristic spirit or attitudes of a community, people or system’  While the ethics of a manager will always reflect the cultural values, including morality, of his or her professional and personal worlds ( Agenda A and Agenda B ), the ethics of agenda A are best described by the concept of ‘business ethics’ BME leadership and management development programme BME leadership and management development programme . Business ethics  A form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment  Relies on the assumption that ethical operation of a private business is at least possible  Business ethics is seen nowadays as essential for healthy management. Behaving ethically is an integral part of long - term career success, whilst there is a strong business case for ethical behaviour in a global environment with greater availability of information and greater competition . Reasons to behave ethically  From the point of view of internal customer:  improves organisational morale, culture and staff motivation, and ethical behaviour of management sets a good example to the employees – leading to recruitment and retention of better staff  From the point of view of external customer:  Improves the public image of the organisation, may raise inward investment , sales and profitability of the organisation besides adding to the overall development of ethical behaviour in the society BME leadership and management development programme BME leadership and management development programme . S. Prakash Sethi’s 3 levels of organizational ethics  Social obligation: the company does not wish to extend its

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