Managerial Ethics
Management is an integral part of any organisation whether engaged in private or public sector, for producing goods, or services weather formed with profit or non-profit objectives. The managers are essentially required to follow the principles of ethics and moral values by virtue of the duties and responsibilities entrusted to them by the organisation. All the social and other obligations that are required to be followed by the company shall have to be implemented by the managers while practicing the ethics, and while propagating human values.
The policies and procedures of the company shall have to be framed with the elements of principle of ethics for the purpose of long run survival and growth of the company. The process involves the managers to maintain and follow the generally accepted standards of personal conduct.
Social Responsibility of Managers
Probably no question has received more attention by businesses, governments, politicians and people in general, in the past few years than the question of what the social responsibility of business is. The same question, originally aimed at business, is now being addressed with increasing frequency to Government agencies and their leaders, universities, non-profit foundations, charitable organisations, and even the temples.
A society, awakened and vocal with respect to the urgency of social problems, is asking the managers of all kinds of organisations, particularly those at top, what they are doing to discharge their social responsibilities and why they are not doing more. The managers interact with these things because they get satisfaction from conforming; some things are done because of social expectations; and some because of the pressures of codes and laws.
Whether managers achieve their missions, and how they do so, are the matters of great social importance. A society reserves the accomplishment of the basic missions of approved enterprises. In striving to fulfill these expectations, managers know that they must interact with, and line within, an existing environment. This means that they must take in to account every element in their surroundings that is important to their success and important to others, who may be affected by the actions of the managers. In other words managers must respond to their environment positively, and it is a universal truth that the survival of any organisation, whether in public sector or in private, depends upon successful interaction with all environmental elements.