TEAM :5

Professional responsibility management and

ethics

PRESENTED BY:
Chandni Kumari (GM19051)
Janhavi Singh (GM19072)
Rajveer Singh Parihar (GM19137)
Ravish Kumar Singh (GM 19141)
Sonal Pandey( GM19203)
Rishabh Gupta( GM19143)
Akhilesh
Rahul Singh
 Ethics in management

ETHICS :
An area of study that deals with ideas about what is good and bad behavior and with moral duty and
obligation.
• The rules and principles that define right and wrong conduct.

• It refers to well-founded standards of right and wrong that prescribe what humans ought to do.

MANAGEMENT ETHICS :
Management ethics is the ethical treatment of employees, stockholders, owners and the public by a
company.
• It is the study of standards of business behavior which promote human welfare and the good

• Ethics in the workplaces helps ensure that when leaders and managers are struggling in times of
crises and confusion, they retain a strong moral compass.
MANAGERIAL ETHICS :
• Managerial ethics is a set of principles and rules dictated by upper management that define what is
right and what is wrong in an organization.

• It is the guideline that helps direct a lower manager's decisions in the scope of his or her job when a
conflict of values is presented.

Types of Management Ethics :

• Immoral Management- A style devoid of ethical principles and active opposition to what is ethical.

• Moral Management- Conforms to high standards of ethical behavior.

• Amoral Management- Intentional - does not consider ethical factors Unintentional - casual or careless
about ethical considerations in business
Approaches to management ethics
1. Utilitarian approach
2. Moral rights approach
3. Social justice approach
Need for Business Ethics:
Business ethics is important for the following reasons:
• Business organisations are economic and social institutions that serve
customers’ needs by supplying them right goods at the right place, time and
price.
• Business ethics help in long-run survival of the firms.
• Business houses operate in the social environment and use resources provided
by the society.
• Ethical business activities improve company’s image and give it edge over
competitors to promote sales and profits.
• Legal framework of a country also enforces ethical practices.
 Guidelines for Ethical Behaviour:
Though every individual and group has a set of ethical values, the following guidelines are prescribed by James
O’Toole in this regard:

Obey the Tell the Respect for

rule truth people

Above
The golden
all,do no
rule
harm
Barriers to Management Ethics:

• Chain of • Group • Ambiguous

command membership priorities
Group Ambiguous
memmbership priorities
Solutions to Barriers:
1.Organisational objectives and policies should be clear so that every
member works towards these goals ethically.
2. The behaviour of top managers is followed by others in the
organisation. Ethical actions of top managers promote ethical behaviour
throughout the organisation.
3. Imposing penalties and threats for not conforming to ethical behaviour
can reduce unethical activities in the organisation. Formal procedures of
lodging complaints help subordinates report unethical behaviour of
superiors to the concerned committees.
4. Educational institutions also offer courses and training in business
ethics to develop conscientious managers who observe ethical behaviour.
 IF PROFESSIONAL RESPONSIBILITY AND
MANAGEMENT IS THERE

Mukesh Ambani Soichiro Honda Ratan Tata

Chairmen and MD of reliance industry Founder Honda motors Chairmen of TATA sons
IF NOT THEN??
Ramalinga raju Vijay Mallya Rana Kapoor
THANK YOU