Ethical And Ethical Decision Making

1500 Words6 Pages
The modern manager should tick a variety of boxes when it comes to skills they possess and while some are considered more important than others, ethical decision making is a skill that has become increasingly pivotal. Jones states that a ‘moral issue is present where a person’s action, when freely performed, may harm or benefit others’ and defines ‘an ethical decision is a decision that is both legally and morally acceptable to the larger community’ (1991, p. 387).

In order to create a company wide culture of ethics, employees must believe that the organization has a desire to be ethical and see proof of this from the top down. According to Valentine, Godkin and Luccero (2002, p. 342) an when employee sees a high ethical standard within the organization, they are less likely to act unethically as they will consider how negatively the decision will be seen by superiors and amongst peers, which suggests that corporations should develop and promote ethical values. Fisher and Lovell (2009, p. 401) also reason that the example managers set in regard to what is considered to be acceptable practice within an organization influences the employee in their day to day work and impacts how they will deal with an ethical dilemma so they must the cascading effect is a positive one. Ferrell, Fraedrich, Ferrell (2009, p. 18) suggest an ethical firm can expect to be rewarded with increased efficiency in operations, greater employee commitment, increased shareholder willingness to invest
Get Access