We will write a custom Essay on The Hippocratic Oath of the Manager: Good or Bad Idea? specifically for you
301 certified writers online
The author of the article “The Hippocratic Oath of the Manager: Good or Bad Idea?” believes that managers should be ethical and aware of their responsibilities. They should stand for the welfare and success of every stakeholder in a specific organization. The best manager should, therefore “embrace the freedom of opportunity with the responsibility of managing risk for a wide stakeholder environment dependent on the firm’s sustainability” (Jasso 5). The MBA oath becomes a powerful idea that can guide managers to exercise their duties professionally without affecting the welfare of various stakeholders. Although the idea is noble, the author believes that it is unrealistic and need not take place when one is starting his or her MBA course (Jasso 5). However, the argument supports the concepts of good leadership, ethical responsibility, and morality.
Lessons Taught by the Author
The author presents revolutionary lessons that can make a difference in the world of business management. The first outstanding lesson is that management should be treated as both an art and science (Porter 19). By so doing, more MBA scholars will be ready to use practical and real-life events to reshape their managerial practices. The second lesson is that the term management has gained new definitions within the past few years. For instance, managers should strive to create value and maximize every stakeholder’s profits.
Another outstanding lesson is that the MBA should not be treated as a profession that requires significant preparation (Jasso 2). However, individuals who want to become managers should pursue an MBA degree to acquire a wide range of skills. Such competencies will make it easier for the individuals to address every challenge affecting their respective organizations. The author goes further to propose an artful balance of management and business. This means that business management will be practiced as both an art and a science.
The final lesson gained from this article is that the suggested Hippocratic Oaths should not be mandatory. However, such an oath should “take place in the quiet of the manager’s heart because the morality of the market is nothing without the morality of the good man or the good woman” (Jasso 5). These lessons explain why managers should focus on the welfare of every stakeholder.
The lessons and arguments presented in this article can redefine the future of management. This is the case because the author analyzes the major issues surrounding the field of business management. Managers should possess the required skills and competencies to support the welfare of different stakeholders. Although the idea of an oath may be unnecessary, it presents meaningful insights that can help business managers promote the welfare of their followers, customers, and communities. Managers should be ethical and responsible to manage risk. The process will support the welfare of many stakeholders (Cania 379).
The lessons presented by the author have several strengths. To begin with, the MBA oath echoes the practices embraced by various professions such as law and medicine. The MBA oath can guide many practitioners in the field of management to uphold the best standards for an effective business environment (Chuang 16). The article also presents numerous ideas that can be used by managers to ensure their organizations remain profitable. The morality of the marketplace is another unique concept that must be embraced by individuals who want to perform various managerial practices.
The other strength is that the author explains how effective managers have the potential to embrace the power of equal opportunity (Jasso 5). These discussions encourage MBA students to be aware of their future roles and social expectations. The morality of the manager will, therefore, dictate the success of the market environment.
The only weakness associated with this article is that it fails to offer a powerful guideline towards the application of the initiative proposed by the author. This is true because every individual will interpret the argument in a different manner (Dobre 55). Since the new thought is still in its infancy, managers should promote the most admirable ethical and moral standards to support the welfare of every stakeholder.
I have gained numerous ideas about management as a student. The ideas presented by the author have widened my understanding regarding the whole issue of management. I have always believed that managers should portray the highest ethical and moral standards. These lessons will make it easier for me to address the challenges affecting my followers, customers, and shareholders (Dobre 56). I will always embrace the MBA concept whenever supporting and managing my organization. The practice will eventually make it possible for me to record positive results.
Main Takeaways: Applying the Knowledge
The knowledge obtained from this masterpiece can be used to transform the performance of every business organization. The outstanding knowledge from the article is that managers should take their oaths before undertaking any role. This means that the manager will promote the best standards, address various challenges, embrace the most desirable practices, and support the welfare of business stakeholders. The most successful manager is the one who supports human welfare and equality for all (Markovic 121). The ideals of morality and ethics should also be used to support the sustainability of every business organization. Managers should use their skills to manage risk. They should serve humanity through the continued use of appropriate practices and business undertakings.
The MBA oath should, therefore, be embraced like a noble idea that has the potential to transform the field of management. This means that managers should be moral and willing to perform the most desirable business practices. Such managers should not be required to take such oaths. However, the notion should be in their hearts to guide their actions (Porter 27). They should be aware of the ever-changing needs of different stakeholders and community members. These strategies will eventually ensure their respective firms remain sustainable.
The most important thing is to ensure the knowledge obtained from this article is applied in the world of business. Every new organizational leader should begin by treating the concept of management as both an art and a science (Jasso 4). The approach will ensure real-life achievements are copied and implemented in the world of business. Evidence-based concepts will also be used in an attempt to address a wide range of obstacles affecting the world of business. Consequently, the practice will support the welfare of many stakeholders and eventually sustain the concept of posterity. I will, therefore, read more articles to understand how the MBA oath can transform my practice as a manager.
Cania, Luftim. “The Impact of Strategic Human Resource Management on Organizational Performance.” Economia Seria Management 17.2 (2014): 373-383. Print.
Chuang, Szu-Fang. “Essential Skills for Leadership Effectiveness in Diverse Workplace Development.” Online Journal for Workforce Education and Development 6.1 (2013): 1-24. Print.
Get your first paper with 15% OFF
Dobre, Ovidiu-Iluita. “Employee Motivation and Organizational Performance.” Review of Applied Socio-Economic Research 5.1 (2013): 53-61. Print.
Jasso, Sean. “The Hippocratic Oath of the Manager: Good or Bad Idea.” Philosophy for Business 1.56 (2010): 1-5. Print.
Markovic, Radovic. “Effective Organizational Change Management.” Serbian Journal of Management 3.1 (2008): 119-125. Print.
Porter, Michael. On Competition: Updated and Expanded Edition. Boston, MA: Harvard Business School Press, 2008. Print.