Contemporary Issues in Management
Contemporary Issues in Management ASB – 4426
Abhishek Roy Gollamudi abpc90
Contemporary Issues in Management: Business Ethics and Values
Introduction Business Ethics and Values has this become a very high regarded issue in management. Changing demands, advancing technology and worldwide recession have added to the suppression of this issue and has forced management to maintain numbness towards business ethics and to exploit very possible opportunity disregarding the interests of employees and the markets. Increased expectations of the clients, social and economic environment and corporate governance are all driving forces that have rendered project leads and managers having no choice but to compromise on this concern. Some big organisations have faced major scandals and have been involved in unethical acts and thus incurred public distrust. It is very important to understand the meaning of the ethics at this juncture in the organisation context and the managerial implications. Having worked in Accenture Services India, during the recession, in this report I‟ve tried to narrate my personal experiences and the managerial decisions that were taken during this phase. Experiences, expectations and workplace ethics Businesses constantly face professional decision-making scenarios which involve ethical considerations and implications related to employees, stake-holders, clients, customers etc. Managers and decision-makers have to make decisions so as to uphold the business standards. How would managers know what is right for its employees and the enterprise? On what basis should managers make such decisions? Can individual managers‟ experience and their perspectives be regarded as cause for any decision making? (Williams, S.L., 2011) The process of determining, adopting, reinforcing workplace values for managers in very importance in given diverse business environment and employees is very important and differentiating between the various behaviors constituting the
Abhishek Roy Gollamudi abpc90
Contemporary Issues in Management: Business Ethics and Values
Introduction Business Ethics and Values has this become a very high regarded issue in management. Changing demands, advancing technology and worldwide recession have added to the suppression of this issue and has forced management to maintain numbness towards business ethics and to exploit very possible opportunity disregarding the interests of employees and the markets. Increased expectations of the clients, social and economic environment and corporate governance are all driving forces that have rendered project leads and managers having no choice but to compromise on this concern. Some big organisations have faced major scandals and have been involved in unethical acts and thus incurred public distrust. It is very important to understand the meaning of the ethics at this juncture in the organisation context and the managerial implications. Having worked in Accenture Services India, during the recession, in this report I‟ve tried to narrate my personal experiences and the managerial decisions that were taken during this phase. Experiences, expectations and workplace ethics Businesses constantly face professional decision-making scenarios which involve ethical considerations and implications related to employees, stake-holders, clients, customers etc. Managers and decision-makers have to make decisions so as to uphold the business standards. How would managers know what is right for its employees and the enterprise? On what basis should managers make such decisions? Can individual managers‟ experience and their perspectives be regarded as cause for any decision making? (Williams, S.L., 2011) The process of determining, adopting, reinforcing workplace values for managers in very importance in given diverse business environment and employees is very important and differentiating between the various behaviors constituting the