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4 Ethical Choices in Business
4 Ethical Choices in Business
4 Ethical Choices in Business
INTRODUCTION
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INTRODUCTION
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FACTORS AFFECTING MANAGERIAL
WORK LIFE
“Griffin” explained some specific areas which affect managerial work life
Organisation towards employees: It covers the areas of wages and
working conditions, hiring and firing and employee privacy.
Employee towards organisation: How employee treat the organisation. So
many ethical issues are involved, whether any decision which is being
made in the favour of the employee and against the company. Whether
employees maintain the honesty and secrecy level or just sell it for their
greed.
Organisation towards other economic institutions: How far organisation is
fair with its treatment towards other economic agents like stakeholders,
suppliers, customers, competition and dealers. The behaviour and
treatment of all executives towards all stakeholders are dictated by ethical
standards.
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Figure: Factors affecting managerial work life
(Source: Paliwal, M., 2006. Business Ethics. New Age International)
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION
Everywhere around the world there is a great need for ethics training;
properly and carefully designed ethics training programme can make
a positive contribution.
Though you can’t compare ethics training results with other training
like technical one in which just after the training you would find the
results in the obvious learned knowledge of the trainee, the same will
not happen in ethics training but the effects of it would be long
lasting.
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
‘Kaptein and Klamer’ (1991) had listed some conditions for effective
codes of ethics:
(1) The introduction must be supported by the important benefits for
adopting and complying with the code.
(2) General and broad acceptance of code of ethics must be there.
(3) The process of proper discussion, checking and if needed redefining
must be done before the final lay down of codes of ethics.
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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ELEMENTS FOR DEVELOPING ETHICAL CORPORATE
BEHAVIOUR IN THE ORGANISATION...
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LEADERSHIP- ETHICS AND VALUES
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LEADERSHIP- ETHICS AND VALUES...
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SIGNIFICANCE OF ETHICAL
LEADERSHIP
Companies are investing tremendous amount on training for effective
leadership because of following reasons:
(1) Long term survival as well as growth starts from ethical
leadership, without true and ethical leadership all organisations would be
in serious troubles.
(2) Integrating ethics into organisation needs true leaders.
Organisation’s mission, objectives and goals can be reflected by their
vision. They assess the follower’s needs and expectations, motivate
them, direct them, realise vision. They are the key to communicate
organisation’s values, beliefs.
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SIGNIFICANCE OF ETHICAL
LEADERSHIP
(3) To take organisations on excellence path, a blend of strategy and
culture is required which can be achieved by effective leadership.
Strategic thinking and cultural building can be built up by leader’s
moral principles and integrity.
(4) Leadership makes real difference between success and failure,
whether in a war, a business, games, family or society.
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SUMMARY
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SUMMARY...
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REFERENCES
Karl, H., Koslowki, P. & Chrisoph, L., 2007. Globalisation and Business Ethics, Ashgate
Publishing Group.
Paliwal, M., 2006. Business Ethics, New Age International.
Strategic Leadership and Decision Making , [Online] Available at:
<http://www.au.af.mil/au/awc/awcgate/ndu/strat-ldr-dm/pt4ch15.html>
Leadership Ethics - Traits of an Ethical Leader, [Online] Available at:
<http://www.managementstudyguide.com/leadership-ethics.htm>
TXLutheran, 2010. Business Ethics Speaker Pt 2 of 5, [Video online] Available at:
<http://www.youtube.com/watch?v=-8SsE8ESNGs>
TXLutheran, 2010. Business Ethics Speaker Pt 3 of 5, [Video online]Available at:
<http://www.youtube.com/watch?v=jw02TMZZHsk>
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RECOMMENDED READING
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