Business Ethics - Why Asian Managers Display Short Term Thinking

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Business Ethics
Why Asian Managers display short term thinking by Operating Unethically??

Executive Summary
This report show case an insight of Asian managers in context to India, who display short term thinking by operating unethically. It is also highlighting how cultural values, behaviours and attitudes along with organisational, political, economical and social factors influence Asian managers to operate or behave unethically. This report is also providing recommendations to help managers overcome the challenges in order to perform fairly and ethically.

Table of Contents

1.0 Introduction………………………………………………............................................4 2.0 What is Business Ethics....………………..................……………..…………………5 3.0 What is short term thinking ………………………............………………………5 4.0 Why Asian Managers operates unethically …...........………………........5 5.0 Recommendations …………………............………………………............……...5

5.1 Orientation at the time of Recruitment ...............................10 5.2 Introduction of Unethical issue reporting system................10 5.3 Informal meeting and workshops.........................................10

1.0 Introduction

Ethics, by its dictionary meaning, is known as a branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. From this definition we can derive that Ethics is something that is instilled in us from our childhood in terms of good thing or a bad thing. However, good and bad is also further influenced with cultures and values. There is a possibility that something good for one culture perhaps not considered good for other culture. Ethical behaviour is derived from Ethics and perceived as any action to perform a task in a right way (as per Culture, Value and other factors). In our daily routine, we always try to display ethical behaviour; however, in some situations we tend to take decisions that are unethical. In a corporate environment, an unethical decision, affects various stakeholders of the business and can lead to a big trouble for organisation, brand and business. To avoid any immediate financial, social, legal impact, we try to get into shell and look for short term solutions to the issue. As a Manager, we need to understand ethical issue and how to deal with it. There is a perception, that Asian Managers display short term thinking by operating unethically. I will be discussing underlying reasons and recommendations to avoid them in the future.

2.0 What is Business Ethics?

In all the organisations, there are numerous employees who came with their own cultural values and attitudes. This sometimes leads to conflict among employees, thus creating an unpleasant environment in the organisation. Therefore, to avoid cultural conflicts and inverse affect of the same on business, employers should develop business ethics. These ethics are clear guidelines of discipline for employees. The employers can include dress code, technology usage codes, code of conduct etc. to establish an effective business ethics. Business ethics lay a foundation for an organisation to work ethically and decide what is wrong and what is right in a business situation considering cultural values and behaviours. 3.0 What is short term thinking?

Before we proceed further, it is very important to understand what is short term thinking and Long term thinking? Short term thinking (less than one year) is looking at the immediate gain or loss, however, in a long term thinking as a manager, a person is responsible to analyse the situation and identify long term (Tenure of more than a year) gains or losses and its impact on the stakeholders.

4.0 Why Asian Managers operates unethically?

The Managers, as per general definition, is someone who gets things done from others. Asian values and culture are basically...
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