Being an Ethical Manager. Do you know? White collar scams Enron& Arthur Anderson MCI worldcom CSE Insider Dealings.

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Presentation transcript:

Being an Ethical Manager

Do you know? White collar scams Enron& Arthur Anderson MCI worldcom CSE Insider Dealings

Immoral Management An approach that not only lacks ethical principles but is actively opposed to ethical behaviour Norms are of active negation of what is moral is implied Goals profitability at any cost Overcome legal barriers Exploitation strategy

Amoral Management An approach that is neither immoral nor moral but rather ignorant ethical consideration Norms may imply a lack of ethical perception and moral awareness In motives impact on others is not considered Profitability is the goals and not other goals Within legal framework Strategy to give managers free rein, personal ethics will apply, respond to legal mandates if cought

Moral Management An Approach to follow ethical principles and perceptions In norms ethical leadership is given priority Motives within sound ethical percepts Profitability within legal and ethical standards Prefers to operate above legal mandates Strategy to live by ethical standards

Ethical Principles Obey the law ( Social Responsibility) Tell the truth ( Stakeholders) Show respect to the people (Treating People) Above all Do no harm ( Medical)