Managerial ethics (types of managerial ethics)

Managerial ethics is a set of principles and rules dictated by upper management that define what is right and what is wrong in an organization. It is the guideline that helps direct a lower manager's decisions in the scope of his or her job when a conflict of values is presented. i.e different types of managerial ethics ,company ethics,manager ethics,ethics

1. Managerial Ethics

2. Definition Of Ethics The code of moral principles and values that govern the behaviors of a person or a group regarding what is Right and wrong .These moral codes revolve around establishing Values and principles and may not be same from culture to culture It includes Science , morality and Human acts - Socarates

3. What is managerial ethics ? MANAGERIAL ETHICS is just about DECISION WHAT IS “RIGHT” And “Proper” and “Just” in connection with other people. it is not only question about bribery , theft and collusion. It mainly about Relationship between customers , supplier & stockholder on one side & Managers and Subordinates on other side - Hosmer (1987)

4. Reason To Behave Ethically View as a internal people ethical behaviour improves the work enviroment and motivates the employees to do better,it also evoke a sense of pride and improves company image in the eyes of employee. While as a external people ethical behaviour improves the public image of the company and helps in overall development. Eventually it leads to cultural and behavioural enrichment among internal staff of the organization.

5. Three View Points Of Managerial Ethics

6. 3 Models of Management ethics I mmoral :- Recognize the ethical issue involved and choose to do wrong thing. 2. Moral Recognize the ethical issue involved and choose to right thing. 3. Amoral Do not consider the ethical implications of an action or belif that ethics are irrelevent .

7. Unethical and illegal

8. Approaches to ethics Conventional approach(culture) The rules that we form should be acceptable by the society keeping in mind about the culture. behaviour or act can be terms right or wrongs based on the norms of the society. because of our notion it may vary time to time or based on the different types of societies. Principle approach(religion & society) The rules formed should not be bias and should not hurt the emotions and religious beliefs of people in the society.

9. 3.Law approach: the rules formed should be legally acceptable and should not violate any rules of the constitution.

10. Ethical Relationship with Stakeholder,owner & Co-worker Relationship with owner /stakeholder Manager should be assured of legitimacy and expediency of interest of the owners of the company. Loyal, responsible for fulfillment of task and owners strategy. Relationship with Co-worker Manager should be Democratic & self-confident.

11. Credits: Cidroy Paes Thank you