• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Discuss the relevance of management ethics in a modern business context.

Extracts from this document...


Discuss the relevance of management ethics in a modern business context George Demain The subject of management ethics is one that has become increasingly important over the last decade or so. All managers want their company to succeed and grow, and if they do not manage in a way that creates a good ethical image for their company, then this won't happen. It is the managers who create the image of a business being ethical by the decisions they make. Business ethics, and the implementation of good ethical practises by managers, is more important now that at any time in corporate history. Collins (1990) says that companies should be strongly urged to behave in an ethical manner. He says that this is not only because it will help a company succeed, but that it will prevent the company from becoming worse off i.e. the negative side effects of unethical behaviour are massive, bigger even than the positives associated with ethical behaviour. ...read more.


Because E improves people lives, or is simply a 'fairer' option, it is likely that the media would pick up on this. This would increase public awareness of the company. As time goes by, implementing E becomes the norm, and a company without E is perceived by consumers as being unethical. The business without E loses sales as customer choice switches to companies with E. So, for a business to maintain P, E must be added. This, suggests Cartwright, puts the company in a difficult position. To add E will hurt profits, but, the same effect will be suffered if E is not added. However, this is not a case for managers to simply 'sit on the fence' on the case of ethical issues. In the case of Nike, (Schwartz and Gibb, 1999), behaviour by its managers was perceived to be unethical, and had a strong negative effect on the company. ...read more.


Sternberg (1994) supports this, saying that a culture of trust in the company will make it more efficient. Management ethics today is extremely important. Carmichael (1995) actually said that managers behaving ethically, hence creating the image of good business ethics for their company is an integral factor to the success of the company. Carmichael said that a business needs what was called 'the ethics edge' to survive. To conclude, the evidence presented shows that managers must behave ethically for a company to succeed. The perception of a business being ethical by its customers is very important, as it will affect the success of the company. This fact alone makes ethics strongly relevant to today's managers. There is a cost to ethics, but that cost is one that managers must accept if they wish their company to be successful. The negatives associated with unethical behaviour are immense, and the positives provide an edge that will enable managers to make their company succeed. This proves that management ethics are highly relevant in today's business environment. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. Business Aims and Objectives.

    Therefore certain types of files may be blocked on a network system. Backup against loss Back up against possible data loss on a computer takes place in three ways: * When developments to the system are being undertaken, a backup of the current version is made before an update is installed.

  2. E-commerce in Business Companies of Bangladesh.

    Short term Program: 1. Bangladesh Telecommunications Regulatory Commission (BTRC) should be established independent of the government control. 1. Voice over Internet Protocol (VoIP) and private international gateway for voice and data should be allowed 2. The provision of obtaining permission from MOPT, prior to leasing the .

  1. In this coursework I need to produce a detailed business report on one medium-sized ...

    Expand into new market Non-food retailing now becoming a major part of Tesco strategy. As I said before, Tesco is increasing competition and offering customers real value and choice in all areas from sportswear to software, electricals to spectacles. But still, I think Tesco didn't get into one very perspective market - cars.

  2. china town revision notes

    Quality assurance refers to systems for checking quality throughout the production process so that quality is a prime aspect of every stage of production. These include to BS5750 and ISO 9000 as well as TQM and Kaizen, where the commitment is towards improving quality continuously.

  1. International Management

    I would recommend there be more managers that are in contact with the CEO. This will make it easier to communicate, and also to control the companies. The organizational arrangement the company currently practices involves KNP to come together with paper merchants in European countries such as Belgium, England, and France.

  2. Phantom Limbs: A Neurobiological Explanation

    Pain Of The Phantom Limb Under our skin there are receptors for many sensations: light and deep pressure, movement, temperature and also for pain. Our pain receptors are free nerve endings resting in one of the layers of our skin called the Dermis , they detect any physical aversive stimulus.

  1. Knowledge management.

    new activity, it is a difficult thing to shade away the traditional ways of carrying business and get started with a new norm of knowledge building and sharing based business. For starters, it is an advantage because everything in new for them when they begin.

  2. Compare and discuss contrast between Staples.com & Boo.com

    This aggregation of data across channels allows key managers to see customers as they change channels, and have a complete picture of each customer. 2. Usability Staples.com determined that the key to online success and increased market share was to make its e-commerce site as usable as possible.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work