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Ethics in Management (Rajendra)

Ethics refer to principles that distinguish between right and wrong behavior. They are defined separately by each individual and guide personal and professional conduct. While laws, customs, and opinions influence ethics, ethical behavior can differ between societies. For management, behaving ethically is integral to long-term career success and improves the company atmosphere, employee motivation, and public image while setting a good example. When making decisions, managers should consider legality, fairness, their self-respect, and long-term effects on stakeholders.

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Ankit Bajpai
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152 views

Ethics in Management (Rajendra)

Ethics refer to principles that distinguish between right and wrong behavior. They are defined separately by each individual and guide personal and professional conduct. While laws, customs, and opinions influence ethics, ethical behavior can differ between societies. For management, behaving ethically is integral to long-term career success and improves the company atmosphere, employee motivation, and public image while setting a good example. When making decisions, managers should consider legality, fairness, their self-respect, and long-term effects on stakeholders.

Uploaded by

Ankit Bajpai
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Presented by: Rajendra Gupta

The word ethics refers to principles that distinguish between good , bad; right , wrong. It is a persons own attitude and belief concerning good behaviour . Ethics reside within individuals and as are defined separately by each individual in his own way.

Ethics are principles of personal and


professional conduct. Ethics is broader than what is stated by law , customs and public opinion. Ethical behaviour may differ from society to society.

Ethics and ethical behaviour are the essential part of healthy management from a management perspective , behaving ethically is an integral part of long-term career success.

Improves the atmosphere at work and helps motivating the employees. Ethic behaviour of management sets a good example to the employees. Evokes a sense of pride for the company and improves its image in the eyes of the employees. Improves the public image of the company adds to the overall development of ethical behaviour in the society.

Social disregard : the company shows carelessness


for the consequences of its action. Social obligation : the company does not wish to extend its activity any further than just meeting its legal responsibilities.
policies according to the social condition , demands and pressures.

social responsiveness : the company adjust its

Social responsibility : the company decides to

concentrate on its long-term goals for the benefits of society in generals.

When making a decision in management the following criteria of ethical decision making should be considered :

Legality: will the decision some how effect the legal


status?

Fairness: how will the decision affect those


involvement in it?

Self-respect: does the decision maker feel good


about the decision and its consequences?

Long-term effects: how do the predicted long


term effects relate to the above parameter?

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