Financial Mangers with Ethical Stress and Competition in Increasingly Crowded Marketplace

Article Critiques: Financial Managers with Ethical Stress and Competition in an Increasingly Crowded Marketplace

Financial Managers with Ethical Stress

Financial stress and pressure can be an ethical stressor, like the demand for special treatment; budget involvement and political pressure can all give into the idea that financial managers are under stress. “Financial managers do not work in an ethical vacuum; they respond to supervisors who encourage ethical action and to coworkers who demonstrate high standards of personal integrity” (Gerald, Samuel & Rabin, 2005). Whether good or bad they are put into a precarious situation by their peers because money is always a tempter. Also being in charge how money is handled gives pressure to the position financial managers are put in. Typically when money in involved there is a need for perfection and impartiality.

Unfortunately there is demand that special treatment is needed especially from people outside of their actual unit for special treatment within their own work unit. This comes from the idea that others can exploit their friendships or close working relationships. “Public managers engage in certain financial activities in work environments that produce ethically stressful situations caused by undue political pressure and demands for special treatment” (Gerald, 2005). While yes, relationships have to be cultivated, they also need to be self-serving specifically only to the company. Financial managers are constantly being pulled between making factual and impartial decisions and fostering relationships without opening up to be used.

Part of the pressure comes forth from the political influence that financial managers wield. “Their reliance on political actors for jo...

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...y is something that is a realization of today. Companies are merging and also shrinking the employment pool making the financial manager’s position precarious. Competition as high as it mean that each financial managers needs to play the political game seamlessly balanced with working very strategically bound with in the ethical guidelines.

Reference Page:

Alpert, H. (1999). Manager roundtable: The competitive edge; three managers discuss competition in an increasingly crowded marketplace. Bank Investment Marketing, , 1-

37. Retrieved from http://search.proquest.com/docview/209375253?accountid=32521 Gerald, J. M., Samuel, J. Y., W, B. H., & Rabin, J. (2005). How financial managers deal with ethical stress. Public Administration Review, 65(3), 301-312. Retrieved from

http://search.proquest.com/docview/197178039?accountid=32521