A Role Of Ethics And Social Responsibilities In Management.

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Term Paper Title	A Role Of Ethics And Social Responsibilities In Management.
# of Words	1099
# of Pages (250 words per page double spaced)	4.4

A Role of Ethics and Social Responsibilities in Management.

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
recent years it has been a trend of setting standards of corporate ethics
according to high degree of morale.
     To be able to keep the ethical standards management must follow the law.
However, there are some complications in enforcing it. The law affects and is
affected by social forces and prevailing ethical standards. "Although the law
can codify societies ethical ____________________________________________________
____________________ Alhemoud, Ali  " Management Ethics is Smart Business."
values, ethical decision making transcends the law in that 1) the law deals with
actions not with thoughts, and therefore it does not (and cannot) codify all
ethical requirements; and 2) an individual or a group may perceive a given law
as immoral, not as a guide to ethical behavior." ( A. Alhemoud). How, then, a
company can ensure that its code of ethics is both followed and enforced ?  " .
..Defense firm such as General Dynamics and TRW, and an information company, Dun
& Broadstreet, have appointed internal ethics officers or ombudsmen.  Whether
employees have faith in these safeguards against corporate retaliation is hard
to tell, though it is one step forward (The Economist August 19 1995)
     The ethical codes of corporations that that get so important nowadays
also did not  come into being at once. They emerged from individual ethical
standards and corporate consciousness.  Moreover, the public demand  for
prosecution of any viol...

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