Managerial Ethics Essay Research Paper MANAGERIAL ETHICSIntroductionThe

Managerial Ethics Essay, Research Paper

MANAGERIAL ETHICS

Introduction

The word ethics is derived from the Greek work ethos, which refers to

the character and sentiment of the community, and standards of behavior.

Ethical means conforming to the standards of a given profession or group. Any

group can set its own ethical standards and then live by them or not. Ethical

standards, whether they are established by an individual, a corporation, a

profession, or a nation, help to guide a person s decisions and actions. The

commonly accepted definition of ethics is rules or standards that govern

behavior. Managerial decision making is the type of behavior that managers

are paid to do. They must make choices among alternatives and these may

vary in terms of their perceived ethicality.

The argument might be that ethics and morality ought to be kept as an

exclusive part of religious and educational organizations. When morality

intrudes on the business organization, it has a potential of diverting from the

organization s main objective, to make money, and as a result lead to deprive

stockholders returns. But there is an increased realization that managers

needs to be more responsible, not just to their stockholders but also to their

other stakeholders – consumers, employees, suppliers, the government, and

local communities. There is a need for ethics to be a part of management. We

see business leaders taking bribes, being dishonest, biased toward age,

gender, race, and ethnicity, and committing sexual harassment. There is a

lack of moral integrity among business leaders and professionals.

Many unethical acts also overlap with the law. One of those unethical

act by American executives is bribery. Bribery is used to turn power to the

advantage of the person offering. Before the passage of the Foreign Corrupt

Practices Act of 1977, it was estimated that approximately 400 American

companies paid millions of dollars in bribes for business favors. This act

makes it illegal for companies to exchanging money or material goods for

something in return. It is also affects ordinary citizens, because it raises the

cost of goods sold. Despite the regulations against bribery, many parts of the

business world consider it to be a normal practice. Exxon the well known oil

corporation engaged in a bribe when the corporation paid $59 million to Italian

politicians to further achieve business goals in Italy.

Honesty, is anyone trully honest any more. Honesty is being truthful,

regardless, but to some it can vary with the individual and the situation. It can

have a great impact on business, customers, and staff. It is an important part

of the product and service. Honesty can set good leaders apart from others.

President Clinton can be used as an example. He was dishonest with America

when telling us about the Lewinsky fiasco; lying under oath. What does this do

to his character. How is he now perceived by others. His dishonesty could

lead people to believe he as not been honest with other statements. A survey

by U.S. News and World Report on honesty, reported that eithty eight percent

of secretaries have told lies on behalf of their supervisors. In another survey of

2000, nearly one quarter watched bosses fake expense reports, one fifth seen

information destroyed, and one third seen doctored time sheets. These people

said they would not reveal their supervisor, to a higher authority, after all they

have a part in determining their success in the company. No, not everyone is

honest, but in the long run, honesty is the best policy. Dishonesty can come

back to haunt you. Managers with honest reputations can reap the benefits

with staff, and customers. Whether a president or a supervisor, honesty is

best, and you can face yourself each morning knowing you did what was right.

A nationwide survey of business ethics was conducted in 1997. It

included 218 public administrators. Seventy percent of them believed that their

organization was highly ethical, and sixty one percent said that ethics was a

part of their day-to-day decision making. Public administration has more ethics

resources than any other industry; fifty two percent of them had ethics training.

Yet they had the highest incidents of ethical problems. Fifty two percent knew

of ethical violations. Fewer than thirty one said they feel comfortable reporting

misconduct. One third said the organization may sometime breach the laws.

Some of the most common incidents were sexual harassment, lying on reports

and lying to supervisors, and discrimination.

In the United States, there are laws protecting against discrimination.

The U.S. Civil Rights Act of 1964 protects citizens from employment

discrimination regarding gender, age, race, nationality, and religion, and

disabilities. Despite this, women are segregated in the workplace from to

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