Essay on Managerial Ethics - 1603 Words

Managerial Ethics 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†¦show more content†¦It is not illegal to sell solvents to young people, but is it ethical to do so when you as the manager/owner knew they where causing harm? Managers guide their ethical decision making using different approaches based on the norms and values. In this case, we can identify that the Mr Meek has been pursuing the Moral rights approach â€Å"which asserts that human beings have rights that cannot be taken away by anyone’s decision† (Samson and Daft, 2005, p.160). From a different aspect, the policeman Senior Sergeant Tony Bouchier, acting from the general legal environment perspective, has started a campaign concentrating community pressure to force Mr Meek to stop selling the solvents, is forcing the Individualism approach which is â€Å"asserting that acts are moral when they promote each individuals best long-term interests†, which are each of the children, the community, Mr Meek’s better garage reputation, â€Å"which ultimately leads to the greater good† (Samson and Daft, 2005, p.160). Different factors affect ethical decisions. Many believe that individual’s integrity is what individual use as the basis to make an ethical decision (Paine, 1994). It is more of a personal reflection based on beliefs, values and attitudes. There are three levels of personal moral development shown in the book Management by Samson and Daft. Mr Meek seems to fallShow MoreRelatedManagerial Ethics: Enron Case Study1392 Words   |  6 PagesNevertheless, we will use this example to discuss some of the issues in managerial ethics. Theoretical Frameworks There are a number of different theoretical frameworks that have been proposed to evaluate ethical decision-making in business. Most of these are loosely based on philosophical tradition, the thinking of Kant (deontological ethics) and Mill (utilitarianism) being the most important of the two. Deontological ethics rests on the idea that there are set rules that must be abided by underRead MoreSocial Responsibility and Managerial Ethics1527 Words   |  7 PagesTransilvania University of Brasov. Series VII: Social Sciences. Law, (52), 207-212. Retrieved from EBSCOhost. Lin-Hi, Nick (2008). Corporate Social Responsibility: An Investment in Social Cooperation for Mutual Advantage, Wittenberg Center for Global Ethics Discussion Paper, 2008-6. Porter, M. E., Kramer, M. R. (2006). Strategy and society: The link between competitive advantage and corporate social responsibility. Harvard Business Review, 84(12), 78-92. Robbins, Bergman, Stagg, Coulter (2008). 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