Ethics in Management
In today’s world, managers are sometimes put in situations that can pressure them to make unethical decisions. When managers are unethical, they are being selfish, not caring about being fair to others or their company. According to Richard L. Daft, the author of our business management textbook, the definition of ethics is the moral principals and values that governs the behaviors of a person or group with respect to what is right or wrong. So even if a manager isn't breaking the law, they can still be acting unethical towards their stakeholders. Managers owe all of their stakeholders honesty, good integrity, fairness, communication, a good product, and good services.
The first trait managers owe to their customers and employees is honesty. Telling your stakeholders the truth and not beating around the bush is always the best way to deal with things. It can make your business run more efficiently, and customers always appreciate an honest business. The second trait managers should always have is good integrity. Having good integrity means doing the right thing when nobody is around you. Always let your employees what needs to be done and what is coming up. If your boss wants you to do a job that is against your code of conduct but it pays more, refuse and work for someone more ethical. Having good integrity is very important in many aspects and is crucial to your business’s reputation.
Managers also need to be fair to their stakeholders. Prices need to be fair, salaries need to be fair, also opportunities need to be fair. If your business does not have fair prices, fair pay, and the opportunity to succeed and work through the ranks, your business will not do well. Another struggle for some managers is communication. If a manager does not say if a worker is doing good or bad, how will they know how to work? A manager who gets to know and understand their customers and employees will most likely succeed. Workers will work harder for...