Journal #1
Ethical Responsibilities is something that really interests me when it comes to management. In this chapter it made me think that every manager has their own ethical behavior. But from this chapter it gave me a great understanding of what the process is like for managers. When Managers are making a decision they first have to think of the company instead their own personal reasons. And when making those decisions they then are made to make a decision of what is meant to be right or wrong which is called Ethical Behavior. A person’s ethical behavior is also determined by their values, which are their beliefs and attitude. With all these teaching sewn into the managers mindset it can help make the workplace more productive and
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There are four types of approaches: Utilitarian Approach, Individual Approach, Moral Right Approach, and Justice Approach. From these approaches the most common to be seen in today’s society is Utilitarian Approach since managers first task is to improve the company. Managers try to make the largest profit they can make that can benefit their employees and company. The approach that is taken the least in today’s society is the Justice Approach. The reason this is least used approach is because it is very controversial with the employees. When employees think of justice they also think of fairness. Fairness is very nonexistent in the employees’ mind when they see the amount of pay they are getting compared to what the CEO of the company is making. I can understand where both these viewpoints are coming from but the viewpoint that I would like to see more off is the Moral rights approach. With moral rights you are respecting the human being, it doesn’t matter where you come from or what ethnicity you are; it shows that everyone is treated equally no matter what the situation …show more content…
Some examples of white-collar crimes are insider trading and Ponzi scheme. When individuals commit crimes like this it shows that their ethics and values are corrupted and show that they are not phased with the fact that what they are doing is wrong and is affecting thousands of people financially. To prevent these things from happening Sarbanes Oxley made an act in 2002 that shows that companies should keep track of what they are doing and punishing those who break those laws with 25 years of prison. If a manager were to have a corrupt set of values, for example if they were alright with taking money that isn’t theirs then their ethical behavior would be very corrupted and they would consider things that are normally wrong right to them. Many organizations have a value system that helps keep managers in line if they were to stray from their good values. To prevent these crimes from happening we need to go back to areas that help form the mind and help strengthen their ethics and values like school. A man Names Laurence Kohlberg has shown three levels of personal development which are: Level 1, preconventional- follow rules; Level 2, conventional- follows expectations of others; Level 3, post conventional- guided by internal values. I agree with this system because I was in this cycle throughout my years in school following
Effective organizations are able to clearly define their ethical expectations by setting high moral standards, writing codes of conduct, and utilizing mentoring programs. “Masters provide your servants with what is right and fair, because you know that you also have a Master in heaven” (Col. 4:1). When organizations clearly define their ethical expectations to their subordinates, they are much more likely to treat their customers fairly. Customers who are treated fairly are much more likely to be loyal consumers of the products or services that the company provides. This helps to establish a loyal customer base that a business can depend upon, thus providing a predictable source of annual revenue. If an employer treats their employees with respect, honesty, and with candor they’ll give the customer 110% (Rion, 2001).
When this class first began, I questioned my understanding of ethics. Was it simply breaking the law? Was it an action or inaction against a written policy? Did it only involve hurting others or could you perform an unethical act against yourself. These thoughts led me to the dictionary where I sought the definition of ethics. Dictionary.com defines ethics as “that branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions.” This definition directed me to consider my ethical behavior. Had I acted unethically in the past? I will answer that question later.
Today, worldwide, there are several thousands of crimes being committed. Some don’t necessarily require a lethal weapon but are associated with various types of sophisticated fraud, this also known as a white-collar crime. These crimes involve a few different methods that take place within a business setting. While ethical business practices add money to the bottom line, unethical practices are ultimately leading to business failure and impacting the U.S. financially.
Ethical behavior is behavior that a person considers appropriate. A person’s moral principles are shaped from birth, and developed over time throughout the person’s life. There are many factors that can influence what a person believes is right, or what is wrong. Some factors are a person’s family, religious beliefs, culture, and experiences. In business, it is of great importance for an employee to understand how to act ethically to prevent a company from being sued, and receiving criticism from the public while bringing in profits for the company.
In Module 1, Kindred Todd faced quite a few ethical dilemmas that included her values and technical ineptness. The first predicament was tested her personal morals and ethics. According to, Cumming and Worley, OD practitioners are dealing more and more with value conflicts with powerful outside groups (Cummings & Worley, 2008). Kindred was immediately faced with the issue of knowing what was ethically correct but being told the unethical approach was the best in order to benefit the client and her job security. Although compromising is one of the many skills of organization developers there are still morals that should be followed on each assignment. Kindred, know that deceiving the clients was unethical, took the first step to working on behalf of the client and immediately involved her superior, Larry, to resolve a potential conflict In the project. While her actions went in vain when she told her boss to remove her from the project and provide the client with a more qualified resource, Kindred did what she thought to be the best approach.
The modern workforce is constantly evolving, and it is becoming increasingly multinational. Each culture represented in the workplace brings its own set of values, beliefs, and practices to the work environment. While this diversity can be used as a source of competitive advantage, it can also present a challenge when it comes to organizational leadership. In an effort to identify what leadership means around the world, Resick, Martin, Keating, Dickson, Kwan & Peng (2011) conducted a qualitative study of managers across six societies: The People’s Republic of China (PRC), Hong Kong, The Republic of China (Taiwan), The United States, Ireland, and Germany. These societies were selected for the study due to the significant role that each county
Every individual has certain values and ethics that he/she stands by. Values give us a sense of what is important while ethics gives us a sense of what is right and wrong. Together, these qualities help guide us through our everyday life: what actions to take and what decision to make. Sticking to ethical standards allows you to stay clear of trouble; therefore, strengthening people’s trust in you. In return, this leads to gaining people’s respect and cooperation, which may result in leadership responsibilities. Therefore, we believe that personal values and ethics will affect a person’s career success. However, there are times where individuals will make unethical choices--some situations might question your resolve. This can be caused by
Nowadays, society is governed by the implications of rules and legal restrictions. All of these rules were created to uphold and maintain the idea of ethical and moral values. Even children growing up were taught by some very important codes of ethics at school. These lessons learned as a youth growing up carry over into adulthood, as an employee or manager. Managers and workers both follow a similar code of ethics within the work place. Today, as a management consultant, I am going to prepare a code of ethics for my clients as they have recently started a restaurant called Knox, it is important to have a code of ethics in every company for their employees and also a circular by explaining the purpose and benefits of a good ethics. And finally, a brief report on the steps of strategic formulation and implementation.
Ethics in business is a highly important concept, as it can affect a company’s profits, salaries paid to employees and CEOs, and public opinion, among many other aspects of a business. Ethics can be enforced by company policies and guidelines, set a precedent when a company is faced with an important decision, and are also evolving thanks to new technology and situations that arise due to technology usage. Businesses have a duty to maintain their ethical responsibilities and also to help their employees enforce these responsibilities in and out of the workplace. However, ethics and the foundation for them are not always black and white. There are many different ethical theories, however Utilitarianism, Kant’s Deontological ethics, and Virtue ethics are three of the most well known theories in existence. Each theory is distinct in that it has a different quality used to determine ethicality and allows for a person to choose which system of ethics works best with both the situation and his or her personal ethical preferences.
In today’s fast paced business world many managers face tough decisions when walking the thin line between what’s legal and what’s socially unacceptable. It is becoming more and more important for organisations to consider many more factors, especially ethically, other than maximising profits in order to be more competitive or even survive in today’s business arena. The first part of this essay will discuss managerial ethics[1] and the relevant concepts and theories that affect ethical decision making, such as the Utilitarian, Individualism, Moral rights approach theories, the social responsibility of organisations to stakeholders and their responses to social demands, with specific reference to a case study presenting an ethical dilemma[2], where Mobil halts product sales to a garage, forcing the garage owner to stop selling solvents to young people. The second section of this essay will focus on advice that should be given to any manager in a similar position to the garage owner with relevance to the organisational strategic management, the corporate objective and the evaluation of corporate social performance by measuring economic, legal, ethical and discretionary responsibilities. It will address whom to think of as stakeholders and why the different aspect could cost more than a manager or an organisation could have imagined.
White collar crime was first defined by an American sociologist from Nebraska, Edwin Sutherland, in 1939. He defined it as “A crime committed by a person of respectability or of high social status in the course of his occupation”. Now days, it is defined as “A crime that is financially motivated non- violent and committed by business or government professionals.” White collar criminals do not use violence to obtain the money but instead they use deceit and concealment, they misuse their power and trust. It is often seen as a less serious crime although we hear about these types of crime in the news all the time. The most common types of white collar crime are embezzlement, tax evasion, money laundering.
Managers are the ones that should be setting the example.... ... middle of paper ... ... Ethical Resource Center, (2007, February).
The Merriam-Webster dictionary defines ethics as “rules of behavior based on ideas about what is morally good and bad; the principles of conduct governing an individual or a group”. Merriam-Webster dictionary also defines substandard as “below what is considered acceptable or normal, of a quality lower than prescribed by law”. Because of unethical conducts in the USA and Europe, the world witnessed a financial crisis. The global financial crises in 2008 affected hundred and thousands of people all over the world because of unethical business conducts. Integrity is the backbone of most successful companies. Lauren’s company has a good reputation and strive to maintain it, but as a recent graduate and a new employee, she is likely to face ethical conflicts in her new position, especially difficult business ethical decisions that suppose to be on the desk of top executives. She will be faced with challenges that will hinder her success and even relationships in the company. Lauren’s role as a quality supervisor and signing off on a substandard product is unethical and deviates from the basic approaches to ethics, which includes; the Utilitarian, rights, fairness, common good and virtue approaches.
... in their decision-making, guides them in the way they should behave and reaffirms the company’s objectives and responsibilities. Employers play an important role in ensuring that employees in the company understand what is ‘right’ and ‘wrong’ and making appropriate decisions. Employees will be confident in their work and able to perform better when they feel that their actions match their superior’s. Therefore, employers should set good role models and make the effort to assist them when they are in doubt. Most of the employees are afraid of speaking up and raising concerns to their superiors and co-workers about the problems they are facing, due to fear of retaliation. Companies can conduct ethics training program, designate a suitable, responsible and honest subordinate as a representative to provide guidance and suggestions to all employees. (Wheeler 2011)
Ethical behaviour is what all career people should aim to have. Not just the ethical attribute but exceptional behaviour with this regard.this is because in order to build a career, one must be governed by the rules of ethics to safeguard oneself and others. Ethics are essential in the workplace because a tough ethical code provides a non-threatening environment with high employee morale. The corporate social responsibility is important to everyone,therefore it should not be neglected by the employees and the organization. Ethics purely center on personal conduct. It involves personal choices that can make or break a person in the workplace or business. The major importance of having good conduct is to maintain a high level of respect not just for people but for the proffession. Most people who begin their working career have aspirations of excelling at their jobs and reaching the pinnacle of their profession while maintaining a sense of values; however employees often become blind with ambition and put aside their sense of ethics in order to obtain financial security and recognition for their efforts. There are many things that one can gain from having good behavioural ethics in the workplace. It will develop a discipline which will propel the work practices to a higher level and will help set a high standard. It will promote teamwork among the workersand will also buil...