Ethics are talked about frequently and addressed in the news when unethical decisions are found. Sadly, people do not hear about ethics when others are engaging in ethical behavior on a daily basis. Keep …show more content…
Although managerial ethics can affect business in any number of ways, it’s helpful to classify them into three broad categories. The first category is behavior toward employees. This category covers such matters as hiring and firing, wages and working conditions, and privacy and respect. Ethical and legal guidelines suggest that hiring and firing decisions should be based solely on the ability to perform a job. The second category is behavior toward the organization.
Running head: Business Ethics and Social Responsibility
Look at the managers who pays there workers less than he/she deserves because the manager knows that the employee can’t quit, some people see it as unethical and others see it as a smart business move. In some organizations, managers take bribes or even show favoritism towards some companies and that is unethical. The third category is behavior toward economic agents. A firm customers, competitors, stockholder, suppliers, dealers and unions are considered primary agents of interest. Business managers in most organizations commonly strive to encourage ethical practices not only to ensure moral conduct, but also to gain whatever business advantage there may be in having potential consumers and employees regard the company as ethical. Creating, distributing, and continually improving a company's code of ethics is one usual step managers can take to establish an ethical workplace. Another step managers can take is to create a special office or