A Role of Ethics and Social Responsibilities in Management.
Ethics can be defined as a process of evaluating actions according to
moral principal of values(A.Alhemoud). Throughout the centuries people were
trying to choose between profit and moral. Perhaps, some of them obtain both,
but every time it could have roused ethical issues. Those issues concern
fairness, justice, rightness or wrongness; as a result it can only be resolved
according to ethical standards.
Setting the ethical standards for the way of doing business in
corporation is primarily task of management. Corporations have to maintain the
same standards as an individual person and, in addition, corporations, as
organizational units, have their own social responsibilities toward customers,
employees and society. However, any business should keep it's original purpose
of functioning - making profit. Balancing the traditional standards of
profitability and burden of social responsibilities is not an easy task. In......
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Approximate Word Count: 1079
Approximate Pages: 5 (260 words per double-spaced page) |