Presentation

On
Ethico-moral management
Work ethics: To know what it right or wrong in the
workplace and doing what's right -- this is in regard to
effects of products/services and in relationships with
stakeholders.

Ethical dilemmas faced by

managers:
are not simply a matter of
"Should Bob steal from Jack?"
Ethico-moral management
……...is about prioritizing moral values for the
workplace and ensuring behaviors are aligned with
those values -- it's values management.
 Two broad areas in ethics
management
1. Managerial mischief
2. Moral mazes
 Managerial mischief
Madsen and Shafritz, in their book "Essentials of
Business Ethics"
• Illegal, unethical practices of organizations
• Causes of the above practices
• Solutions to get rid of these practices
 Moral mazes
The numerous ethical problems such as potential
conflicts of interest, wrongful use of resources.
 Concern or focus
Traditional profit-centred free-market based business is
essentially only concerned with ”how much profit is
made”.
Ethical management concerned with “how profit is
made and how much profit is made”.
 8 Guidelines for Managing Ethics
in an organization

1. Strive for fairness.
2. Consult widely - especially with critical people, and
especially beyond your close circle of biased and
friendly advisors etc.
3. Understand the long-term consequences.
4. Learn from history and previous situations.
5. The best way to handle ethical dilemmas is to avoid
their occurrence in the first place.
6. Check the law.
7. Resist the delusion and arrogance that power and
authority tends to foster.
8. Integrate ethics management with other management
practices.
 Myths About Business Ethics
●Ethics management is more a matter of religion than
management.
●Business ethics and social responsibility are the same
thing.
●Our organization is not in trouble with the law, so we're
ethical. 
●Business ethics is a matter of the good guys preaching
to the bad guys.
●Our employees are ethical so we don't need attention to
business ethics. 
 Benefits of Managing Ethics
1. Cultivate strong teamwork and productivity-builds
openness, integrity and community critical ingredients
of strong teams in the workplace.
2. Better staff attraction and retention - Failing to be a
good employer, reduces the likelihood of attracting
good new-starters.
3. Reputation - it takes years, decades, to build
organisational reputation - but only one scandal to
destroy it.
4. legal and regulatory reasons -ethical principles are often
state-of-the-art legal matters.

5. Ethics programs help maintain a moral course in

turbulent times.
6. Ethics programs help avoid criminal acts “of
omission” and can lower fines. 
 Ethics Tools
• Codes of ethics
• Codes of conduct
• Policies and procedures, procedures to resolve
ethical dilemmas
• Ethics training, etc.