An individual managers ability to make ethical decisions is

An individual manager\'s ability to make ethical decisions is influenced by many factors, such as individual traits and corporate culture. Applying conscious capitalism principles typically starts with a plan from the CEO and requires the plan to be implemented through various management levels and all employees. What role does ethics play in conscious capitalism and how do the ethics of conscious capitalism impact management tactics within an organization?

Solution

Answer-The role of ethics is very important in the conscious capitalism since it provides a proper guidance on the management of a given business. Ethics is very important is ensuring that the businesses are taking place in a manner that is accepted with respect to the codes of conducts. This ranges from the business management from managers to employees.

Ethics helps in conscious capitalism by coming up with a higher purpose in a business. This purpose must contain achievable goals and objectives that can be realized by the business from management and employees. Achievable purposes activate the workers in the business and make them work harder to realize the goals. Through these goals, a conscious business struggles to engage and motivate its stakeholders, customers, clients and others people who are benefitting from the business.

Ethics makes the business to be stakeholder oriented. Stakeholders are the people whose interests are affected (positively or negatively) by the business. Stakeholders also include the beneficiaries and those whose resources are used in the business in one way or another. A conscious business emphasizes on creating a good relationship with stakeholders this involves understanding the stakeholder\'s needs and their contribution to the business. This would make a conscious business to become stakeholder-oriented and also to become much resilient and more sustainable. This is due to a win-win situation which focuses on health return to the stakeholders as a way of creative a good public relation.

Ethics in management tactics in organization

Ethics leads to good tactics in the business including conscious leadership in a business. Through ethics comes a conscious leader who focuses on inspiring and to foster transformations as to create the maximum output of the people around such leaders. A conscious leader would be ethical enough to nature the spirit of leadership in the workers and create optimum conditions for such workers to deliver the best they can.

Ethics makes conscious leaders embrace and appreciate different cultural ethnicity from different people. It focuses on building trust between members of the staffs working in a business and good cultural relationship between stakeholders. The management must accept and appreciate the tactics of cultural diversity in a business so as to create a pool of talented people who would help ion decision making in a business and d to aid in the achievement of business objectives and goals.