MANAGEMENT ETHICS.

Running head : MANAGEMENT ETHICS
Management Ethics
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MANAGEMENT ETHICS1
The concept of managerial ethics refers to the mechanism of the ethical form of
treatment that should be received by the employees, the stockholders, all the owners and the
public who are associated with that particular company. The study of ethics in management
also refers to the study of the different standards of the different approaches of human
behavior that promotes the sense of doing good or in the context of human welfare. The
entire idea of workplace ethics surrounds the fact that at that time when the different
managers and the leaders face a challenge and confusion, at those particular times, they must
retain a very strong and morally viable compass. The entire domain of managerial ethics is
guided by a well-defined set of principles and the different rules and regulations which are
dominated by the upper management authorities and that define whether any fact is wrong or
right in an organization (Dierksmeier et.al 2016). These guidelines will all together help to
direct the decision making process in the lower manager’s authoritative position in the
context of the scope of his or her job at the time of revealing the different conflict values.
There are however several of managerial ethics which are formulated according to the
various types of business environment and their requirements.
There are three main categories of management ethics that should be followed by a
company. They are first, the immoral management style – this refers to that particular style
which is devoid of any ethical principles and they result in active opposition patterns to the
idea of what is actually meant by being ethical. Second, the moral management patterns that
conforms to the high standards of the conduct of the different forms of the ethical behavior
patterns and finally the amoral management patterns that are again divide from the intentional
or the unintentional sets of the ethical factors. Ethical behavior in the domain of management
is to hire skilled individuals who conforms to the high ethical standards of the company, to
make an effort to establish the different codes of ethics and their associated decision rules and
to cite the examples at the appropriate places. Business ethics should also be associated with

MANAGEMENT ETHICS2
the proper form of ethical training patterns in order to conduct the social audits on a larger
scale. Any business pattern can face various levels of ethical dilemmas in its functioning
process, the ethics in management should provide for a proper framework. Ethical leadership
also plays a huge role in the context of managerial ethics. The ethical leadership encompasses
various parameters like that of a good role model provided by the managers, the managers
should try to be ethical and work with honesty in their course of work
The manager should try to avoid the manipulation of the relevant information or hide
the correct facts. The organization should learn to admit their failures or the e drawbacks of
their actions and they should not deliberately try to cover up their mistakes. The ethical
values should be properly communicated through the different modes of varied symbols, the
different stories and the slogans.
In order to incorporate the idea of ethics in management the organization should
initially start with the process of ethical decision-making process. In order to take ethical
decisions, in the first step, the organization s need to start by recognizing what is that ethical
question which needs to be answered (Phillips and Moutinho 2018). After recognizing the
question, the next step is to understand the different facts and issues related to that particular
situation. The analysis of that particular situation must be followed by the testing and
scrutinizing the option that one plans to take (Melé and Fontrodona 2017). The consequences
also require a proper analysis to perform in a descent manner. After the choice for the option
is done, the option needs to be discussed in order to clarify the issues related to that option.
This step will be followed by the required actions and the reflection of the outcome
accordingly (Wagner-Tsukamoto 2017). The different form of business ethics are the values
like honesty , the principles of loyalty , the efforts for upholding the integrity principles , to
retain the promises made , to drive for increasing values of excellence , the objective of being
a leader, to upheld the high morals and to remain accountable throughout.