Defining Managerial Ethics in Many Corporations
A look at the importance and considerations of managerial ethics in the organization.
This paper discusses how good business ethics and moral values can help promote growth and empower an organization for long-term life. The paper examines Frank Bucaro’s four considerations for ethical decision-making and provides a case study to illustrate these principles. The paper argues that managers need to be aware of their actions and realize they are the leaders who set the tone for the organization; the paper further contends that communicating ethical standards to individuals at all levels in the workplace will provide the foundation for a strong, healthy and decent work environment.
`Many managers unknowingly send wrong signals to their employees, which can be detrimental to the organization’s goals and objectives. For example, many managers have told little white lies or mistruths to customers in order to avoid confrontation. This sets a stage for employees to also tell lies and actually sends a silent message that it is acceptable business practice to do so. Lying should not be part of the workplace environment; however, it unfortunately exists in many organizations. Two out of three employees say they lie to their boss (Weait, 2001). This could obviously be harmful to any organization. Setting a positive example at the top will filter to the lower levels. Managers need to be aware of their actions and realize they are the leaders who set the tone for the organization.`