Principles of Management PPT

Topics: Ethics, Morality, Management Pages: 31 (1514 words) Published: April 21, 2015
Principles of Management
Dyck / Neubert

Chapter 5
Ethics

Copyright © Cengage Learning. All rights reserved.

5|1

Why Study Ethics?
• The emphasis on ethics is related to:
– The world is changing rapidly.
– Unethical decisions by managers are receiving more
attention.
– Managers are moral agents.

Copyright © Cengage Learning. All rights reserved.

5|2

What Is Ethics?
• Ethics
– A set of principles or moral standards that
differentiate right from wrong.

• Management Ethics
– The study of moral standards and how they influence
managers’ actions.

Copyright © Cengage Learning. All rights reserved.

5|3

Components of Management Ethics
1. Sources where a manager may get their moral
standards
2. The moral-point-of-view that a manager follows
3. The process a manager uses to make decisions
that are ethical
4. The influence of ethics on how managers
practice the four management functions

Copyright © Cengage Learning. All rights reserved.

5|4

Figure 5.1: Overview of Chapter 5

Copyright © Cengage Learning. All rights reserved.

5|5

Sources of Management Ethics
• Informal/Public
– Work experiences, peers, managers
– Ethical climate
• The informal shared perceptions of what are appropriate
practices and procedures

• Informal/private
– Examples set by the behavior of immediate family
members
• Family, friends, peer groups, society, and unspoken universal human norms

Copyright © Cengage Learning. All rights reserved.

5|6

Table 5.1: The Four
Types of Sources of Ethics

Copyright © Cengage Learning. All rights reserved.

5|7

Levels of Personal Moral Development
• Pre-conventional
– What is rewarded and punished
• Self-interest: “What’s in it for me?”

• Conventional
– Social norms or external standards
• By others: “What is everyone else doing?”

• Post-conventional
– Universal principles established through conscience
and reason
• “What are timeless truths?”

Copyright © Cengage Learning. All rights reserved.

5|8

Figure 5.2: Increasing
Levels of Moral Development

Copyright © Cengage Learning. All rights reserved.

5|9

What Do You Think:

Does Religion Matter in Management Ethics?
• How does religious belief or lack of religious
belief influence behavior?
• Why are there differences between ethics of
people who belong to the same religion?
• Should the study of management ethics include
studying religious ethics?

Copyright © Cengage Learning. All rights reserved.

5 | 10

Mainstream Management Ethics
• Moral-Point-of-View
– A framework of values used to develop internally
consistent and logically justified principles and
standards of right and wrong

• The key to studying managerial ethics is to think
about how a manager’s moral-point-of-view will
influence the manager’s behavior.

Copyright © Cengage Learning. All rights reserved.

5 | 11

Table 5.2: Variations
of the Golden Rule

Copyright © Cengage Learning. All rights reserved.

5 | 12

Mainstream Moral-Point-of-View
• Overarching Goals
– To maximize productivity, efficiency, profitability, and competitiveness,

• General Rationale
– Consequentialist utilitarianism—actions that benefit
the greatest number are ethical

• Key Practices
– Effective management focuses the functions of
management on promoting measurable
improvements in productivity or profits

Copyright © Cengage Learning. All rights reserved.

5 | 13

Moral Philosophies
• Consequentialist Theory
– Considers the consequences of an action in
determining what is ethical

• Utilitarianism
– Holds that ethical managers strive to produce “the
greatest good for the greatest number

• Egoism
– Utility of an option depends on the consequences for
the decision maker in deciding which option “benefits
me the most”

Copyright © Cengage Learning. All rights reserved.

5 | 14

Mainstream Consequentialism
• Mainstream...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay about Principles of Management
  • Essay on principles of management
  • Term Paper
  • Principles of Management Assignment Research Paper
  • 10 Principles of Financial Management Essay
  • PRINCIPLES AND PRACTICES OF MANAGEMENT Essay
  • The Significant Principles of Management Communications Essay
  • Essay about Principles of management Diversity

Become a StudyMode Member

Sign Up - It's Free