Management Ethics: The Role of Managers Essay

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Introduction

Ethics can be defined in different ways; it can be defined as a philosophy division seeking to tackle issues of morality including fairness, wrong doing, and justice and self-respect activities. Another explanation given to the term is a person’s act that makes him or her endure dynamics. Organizations are looked upon by the community to act ethically and socially responsible. Organizations are required to respect the society, practice justice, fairness and respect when dealing with their clients while improving their communities at the same time. When organizations are unable to act in accordance with the set ethical standards there will be an undesirable impact on all stakeholders.

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Although a lot of organizations are unethical, many of them are aware of values of operating ethically and they do make ethical decision while operating. Strategic plan which is a process of bringing on board new ideas are developed to maximize the wealth of the stakeholders. Organizations should consider the society and all its stakeholders to be prosperous while putting forward strategies addressing what to be done, when to do it and stakeholders involved in order to prosper. “The management should set goals of maximum wealth creation for shareholders, with this in mind ethical decisions of improving the stake of all shareholders are welcomed.

The mission of wealth maximization is considered to be a narrow outlook. Evidently when profit maximization becomes the basis of financial decisions, it ignores the interests of the community in one hand and that of the government and workers and other concerned persons in the organization on the other hand” (Ellis 2007). Consequently this paper is going to address the role of ethics and communal responsibilities in coming up with strategic plan, considering needs of all people involved then explain how ethical perceptions have evolved. The paper will then conclude by highlighting on the importance of management ethics.

Society’s responsibility and ethics

Organizations are supposed to put in mind the objectives of the society making them to thrive in the long run. Companies must also put into consideration objectives that are not financial; this is done to satisfy the company’s stakeholders. Since these are people who are directly influenced or influence the company.

“The organization should also develop a culture of responsibility which can be expressed as; Commitment to a strong work ethic, integrity, honesty and quality, personal relations based on trust and mutual respect. This entails a sociable attitude towards others combined with an ability to communicate openly and frankly together with a personalized and direct way of dealing with each other. This in turn shows a high level of tolerance for other ideas and opinions, as well as a relentless commitment to co-operate proactively with others. Another one is being more pragmatic than dogmatic approach to business that implies being realistic and basing decisions on facts” (James 2000).

“There is also Openness and curiosity for dynamic and future trends in technology, changes in consumer habits, new business ideas and opportunities, while maintaining respect for basic human values, attitudes and behavior, Pride in contributing to the reputation and the performance of the Company” (James 2000). This requires nurturing sense of excellence, fairness, overall accomplishment of day in day out efforts that goes past fashion and short-range gain, allegiance and identification to the organization.

Ethical perspective evolvement

Ethical perspective related matters encompass three major components which are awareness, articulation and application. They encompass ethical perspectives provide foundations of good ethical choice making, a person’s ability to describe the principles underlying his or her position and the use of ethical knowledge in making decisions and putting principles into action as one moves towards ethical options day in day out.

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“Organizations take care of ethical matters through a number of ways. They make sure the service they provide is as per the moral principles and ethical guidelines, the moral conduct and the ethical code is made known to all stakeholders” (Burke 2009) The services given by the business are used in a suitable way for example “a web hosting company carries a site providing information on bomb making or suicide assistance, they cannot claim to have no responsibility if that information is used. This is not a matter of legal liability but of moral responsibility” (Burke 2009).

Other ethical perspective related matters involve, “societal communication disclosing corporate information in a fair and positive manner, the provision of workplace conditions which are safe, creation of an environment and culture conducive for ethical decisions, development and supply of socially useful products putting in consideration safety, comfort and respect of human rights” (Daniels 1992).

Conclusion

Therefore as shown in this paper social ethics is highly needed in the society particularly in the running of organizations. Consequently management of organizations should recognize their ethical duties while putting them in practice to set a good example to others. Managers should also put in place systems ensuring observance of ethics and the fostering of a sense of morality.

References

Burke, S., (2009) Business ethics and values: Individual, corporate and international perspectives (2nd Ed.). England: Pearson Education.

Daniels, m., (1992) Matters of ethical perspective Brisbane, QLD: John Wiley & Sons Australia Ltd.

Ellis, l., (2007) Management ethics: The role of managers. Journal of Management Development, 21(2), 152-163.

James, d., (2000) Social ethics, Brisbane, QLD: John Wiley & Sons Australia Ltd.

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IvyPanda. (2021, December 22). Management Ethics: The Role of Managers. https://ivypanda.com/essays/management-ethics-the-role-of-managers/

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"Management Ethics: The Role of Managers." IvyPanda, 22 Dec. 2021, ivypanda.com/essays/management-ethics-the-role-of-managers/.

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IvyPanda. (2021) 'Management Ethics: The Role of Managers'. 22 December.

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IvyPanda. 2021. "Management Ethics: The Role of Managers." December 22, 2021. https://ivypanda.com/essays/management-ethics-the-role-of-managers/.

1. IvyPanda. "Management Ethics: The Role of Managers." December 22, 2021. https://ivypanda.com/essays/management-ethics-the-role-of-managers/.


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IvyPanda. "Management Ethics: The Role of Managers." December 22, 2021. https://ivypanda.com/essays/management-ethics-the-role-of-managers/.

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