Ethical Issues in Management Essay Example for Free

Ethical Issues in Management Essay Every so often we hear the phrase â€Å"Business is business and a cup of tea is a cup of tea†. The contemporary business managers think quite on the contrary. Morals and ethics are the new paradigm and have taken the driving seat in the day to day working of the Management. Ethics contains code of conduct for a person to blend with others keeping in view the righteousness and goodness of the trade; whereas, morals are not primarily written but acted upon by most of society with rectitude. The modern manager faces several issues on the moral and ethical front as more teamwork is required to accomplish collective goals. Fraud, discrimination, nepotism, false marketing in advertorial manner is the name of the game for unethical pseudo professionals and to cope with them always remain a challenge for the socially and ethically responsible manager. The moral values of a professional lie deep within, starting with the core communications between his superiors, peers and subordinates. The levelheaded working style of a manager speaks volume of not only his good ethical behavior but also keen sense of judgment and ability to lead his subordinates in a fair and square manner. An ethically responsible manager not only tells people what to do but shows them how to do it. A Manager must be the role model to other employees of the company; therefore, he is accountable for the training and guidance of his coworkers and associates. The management must device an ethical education management and assessment of behavioral integrity of the employees to extract more productivity (Wankel, 2011). It is rightly said that â€Å"Charity begins at home†, the same is applied to morals of the management. Ethically responsible management practices enforced by a company ensure that the company declines any shady business practices and eventually fraudulent functioning of the employees. The old business model has drastically changed over the years as accountability and transparency have become norms of progressive business (Carroll, 2012). In this context, the burden on the shoulders of whistles blowers have increased radically. They should be encouraged to report organizational misconduct in any form or manifestation. It is the responsibility of the management to encourage its employees to report any fraud or delinquency. Fortification of the whistle blower from coworkers is the responsibility of the company also which in return shall endorse the trust of the employees on the management. There are many example of ethical dilemma which arises due to the fact that the people in power not realize the repercussion of their decisions. Although society gives so much for the business to prosper, mostly none is returned to the society. A classical example would be the industrial waste coming out of a process industry which gravely affects the flora and fauna of the milieu. The decision of the management to spill industrial drainage without treatment is a solemn ethical breach. The environmental agencies have formalized various codes and standards like OSHAS which should have been followed prior to any drainage of detrimental waste water. Ethically responsible management practices and social issues bear close rapport. Hence the management must always have an insight to resolve these issues as they are always involved in dealing with the community directly or indirectly related to the business. The managers may have to take stern decisions to alleviate unethical demeanor yet it is bound to return back in folds.