Ethics and Decision Making
- Submitted by: boxingislife17
- Views: 1055
- Category: Politics: Moral Issues
- Date Submitted: 10/15/2011 11:20 AM
- Pages: 9
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How far can organisations ensure that their decisions are ethical?
Management is about decisions and effective decision making results from managing in an ethical manner
Decision making is s process which enables an organisation to reach their set goals and follow or even change their mission statements depending and in accordance to the changing environment.
“Management and managers are important in today’s world because what they do has an impact on everyone’s lives” (Cunliffe 2009) Therefore decision making plays a big role in any firm. Decision making is
“A conscious process of making choices between one or more alternatives with the intention of moving toward some desired state of affairs “Bratton J (2007)
For firms to operate smoothly decisions are made on every level of the organisational hierarchy such as the lower level employees would make small day to day reoccurring decisions i.e. ordering stock. As we go higher up the organisational hierarchy the decision making process becomes more intense and more complex decisions are made such as choosing the appropriate amount each department would be allocated for the year. Managers of firms need to make several decisions, most decisions made by managers are known as ‘strategic’ decision such as share price decisions and decisions based on mergers.
On the other hand decision making and ethics work hand in hand because all firms need to ensure that their decisions are within their corporate social responsibility and that they act ethically. Business ethics has been defined as
“Reflecting on and recommending concepts of right and wrong behaviour” Clegg et al (2008)
Business ethics is seen to be the rules of the company which reflect the right or wrong conduct of the firm. A company which contradicts the idea of firms making decisions to be ethical or ensuring that their operations are ethical is Nike. Nike uses cheap labour in many third world companies to produce their goods; this is...
Management is about decisions and effective decision making results from managing in an ethical manner
Decision making is s process which enables an organisation to reach their set goals and follow or even change their mission statements depending and in accordance to the changing environment.
“Management and managers are important in today’s world because what they do has an impact on everyone’s lives” (Cunliffe 2009) Therefore decision making plays a big role in any firm. Decision making is
“A conscious process of making choices between one or more alternatives with the intention of moving toward some desired state of affairs “Bratton J (2007)
For firms to operate smoothly decisions are made on every level of the organisational hierarchy such as the lower level employees would make small day to day reoccurring decisions i.e. ordering stock. As we go higher up the organisational hierarchy the decision making process becomes more intense and more complex decisions are made such as choosing the appropriate amount each department would be allocated for the year. Managers of firms need to make several decisions, most decisions made by managers are known as ‘strategic’ decision such as share price decisions and decisions based on mergers.
On the other hand decision making and ethics work hand in hand because all firms need to ensure that their decisions are within their corporate social responsibility and that they act ethically. Business ethics has been defined as
“Reflecting on and recommending concepts of right and wrong behaviour” Clegg et al (2008)
Business ethics is seen to be the rules of the company which reflect the right or wrong conduct of the firm. A company which contradicts the idea of firms making decisions to be ethical or ensuring that their operations are ethical is Nike. Nike uses cheap labour in many third world companies to produce their goods; this is...