• 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.

    Tesco's marketing strategy has been based around a database strategy driving a huge direct marketing campaign. There customer base (as recorded by the details provided by the hugely successful ClubCard Scheme) almost exactly mirrors the demographic make-up of the UK.

  2. The purpose of this document is to define the Context of Cain Motors Information ...

    reason for the computer system is to organise the paper work and optimise the customer information and to increase the workflow. The garage has a steady turn over and has been in business for thirty years, but still has a lot of unutilised resources.

  1. Business Studies and Economics - a discursive essay on todays managers.

    "Students have a special ICT commonroom and classrooms equipped with IBM computers. All coursework is word-processed and we have strong training links with Ford and Jaguar. Business studies is an ideal combination with ICT, maths, psychology or foreign languages." South Dartmoor Community College offers a range of post-16 business courses

  2. The history behind the Boots.

    A strategy that separated them from their competitors and attracted thousands of consumers over the Christmas period was the three for two-mix and match strategy which was introduced after a market research poll into marketing strategies return the mix and match as a popular suggestion.

  1. Business Ethics in Pakistan.

    turning the poor even poorer. This poverty has multiplied and has forced the people to devise dubious ways of making money, whether it is through fraud in business or through loot and plunder. This kind of community is now taking over and ruining the moral fabric of our society, which once was known for its legitimacy and truthfulness.

  2. E-commerce in Business Companies of Bangladesh.

    It involves the automation of a variety of business-to-business and business to consumer transactions through reliable and secure connections. E-commerce can be defined as marketing, buying, selling and supporting goods and services by using Web based technologies, which allow the commerce through electronic media.

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

    (accounts) Custom & Excise (information relating to tax liability) Figure 1.3: The financial function A separate department normally carries out the finance function of the business. The finance department carries out a number of key activities: * records all financial data * chases up slow payers * collects payments from customers * provides information to external bodies * analyses

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

    Methods included data gathering, heuristic evaluations, and usability testing. The Outcome - The new Staples.com site has increased usability, reduced clicks, time-saving navigational tools, and personalized time-saving features for quick access. 3. Portal - Customer driven strategy Staples.com's "customer-driven" approach seems to have worked impressively, even in the face of well-entrenched competition from office superstore competitors such as OfficeDepot.com.

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