Fundamentals of Management: Ethics and Social Responsibility essay

Organization (nature & characteristics) – People (behavior) – Working together (dynamics) in the various intertwined organizations through – Division of labor (structure) Ethics & Social Responsibility, Culture, Change, etc.

Personality, values, attitudes, needs, goals, motivation, learning, perceptions, emotions, stress, etc. An organization is a collection of people who must work together through divisions of labor to achieve a common purpose Group dynamics, teams, leadership, communication, decision-making, trust, inflict, negotiation, influence, power, politics, etc.Organizational design (structure), job design (job satisfaction, motivation), etc. Why should managers be concerned with Ethics & Social Responsibility? An Organization has a moral obligation to be ethical and be a responsible citizen to the society. Do you know? The society (marketplace) makes up the external environment of an organization What is Ethics? Wisped Ethics can be defined as the study of what constitutes right or wrong behavior.

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Ethics is a branch of philosophy which seeks to address questions about morality.In simpler terms The Nature of Ethics Ethics is made up of the inner-guiding moral principles, values, and beliefs that people can use to analyze or interpret a situation and then decide what is the “right’ or appropriate way to behave. What do managers do to manage “Ethics”? Ethics – code of moral principles and values that govern the behaviors of right or wrong Standards about good/bad Ethical issues can be complex People in organizations have divergent views about right/wrong 10 11 What’s Is the Right Thing To Do?Sources of Ethical Standards Duty-based teeth CICS: Outcome-based ethics: Ethics based on elisions beliefs and philosophical reasoning, such as that of Emmanuel Kant. Example: Ten Commandments Ethics based on the desirability of results and Jeremy Beneath and john Stuart Mill. Example: utilitarianism Ethics & Corporate Governance Emmanuel Kant Kant maintained that each of us has a worth or a dignity that must be respected.

This dignity makes it wrong for others to abuse us or to use us against our will. Kant expressed this Idea in a moral principle: humanity must always be treated as an end, not merely as a means. To treat a person as a mere means is to use a person to advance one’s own interest.

But to treat a person as an end is to respect that person’s dignity by allowing each the freedom to choose for himself or herself. Jeremy Beneath & John Stuart Mill Beneath ‘s famous formulation of utilitarianism is known as the “greatest-happiness principle”. It holds that one must always act so as to produce the greatest happiness for the greatest number of people, within reason. One Of Mill’s major contributions to utilitarianism is his argument for the qualitative separation of pleasures. Beneath treats all forms of happiness as equal, whereas Mill argues that intellectual and moral pleasures are period to more physical forms of pleasure. Mill distinguishes between happiness and contentment, claiming that the former is of higher value than the latter, a belief wittily encapsulated in the statement that ‘Tilt is better to be a human being dissatisfied than a pig satisfied; better to be Socrates dissatisfied than a fool satisfied.And if the fool, or the pig, are of a different opinion, it is because they only know their own side of the question.

” Ethical lapses during the last decade have been pervasive Corporations and people have become associated with greed, deceit, irresponsibility, ND lack of moral conscience 17 Managers carry a big responsibility for setting an ethical climate Ethical crises have brought ethical management to the forefront 18 19 You are the moral agent-what would you do?Your company requires a terrorist watch list that screens all new customers and takes approximately 24 hours from the time an order is placed. You can close a lucrative deal with a potential long-term customer overnight, even though that means the required watch list screening will have to be done after the fact. 0 Utilitarian approach – moral behavior produces the greatest good for the greatest umber Individualism approach ? acts are moral if they promote the individual’s long-term interest Moral-rights approach ? humans have fundamental rights and liberties that cannot be taken away by an individual’s decision 21 Justice approach – moral decisions must be based on standards of equity, fairness, and impartiality – Distributive justice – Procedural justice – Compensatory justice Practical approach – bases decisions on prevailing standards, society, and all stakeholders 22 Why Study Ethics? Studying ethics allows us to apply various moral principles to gives us standards of behavior that tell us what human beings ought to do in the many situations in which we find ourselves ? as friends, parents, children, citizens, businesspeople, teachers, professionals, and so on. Why is deciding on the “right” behavior such a difficult endeavourer ? What is “right” is subjective to individuals’ point of view Philosophers debated over thousands of year and could only agree on many conflicting principles.Identifying Ethical Standards Three fundamental questions that we face in identifying the ethical standard that we are to follow: On which moral principle do we base our ethical standard? Can the prevailing social-cultural conditions accept this Teeth kcal To which specific situation do we apply our Why should managers behave ethically? Good ethics is good for business Many brilliant, top notch scholars graduated from Harvard Business School are now in jail.

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