Ethics in Management

Paper Summary:

This paper looks at corporate social responsibility and the importance of ethical behavior by management in business. The author stresses the importance of acting responsibly and how the manager's actions and reactions set the tone for their employees. According to this argument, a manager acts unethically, they certainly cannot be upset when one of their employees acts in a similar manner. The manager must set an appropriate tone in order to guarantee the success of their department and therefore of the company. The author presents and discusses several business situations where an employee, or management were in a situation that required them to choose between ethical and unethical behavior.

From the Paper:

"The importance of acting according to one's own personal values cannot be overly emphasized. It is rare indeed that a person in today's economy will work for a single company for their entire lives. But a person will always keep their conscience and a sense of having acted correctly is far more important and far more enduring that the temporary advantage one might achieve by acting in an immoral fashion. It is always possible to find another job (although it may not pay as well or be as socially prestigious). But it is never possible to undo a wrong that one has committed, and this distinction must be remembered at all times. Managers who set an example by acting themselves ethically at all times do a great service to their companies and do much to contribute to an atmosphere in which not only will their employees be ethical but that they will also be content."

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