What is meant by ethics in management List some ethical guid

What is meant by “ethics in management”? List some ethical guidelines for management.

Solution

Ethics in management are the moral principles that guide the behavior of business. Ethic culture is very important in business environment. It is very essential to make a right kind of environment at work place and do the right things. Managers play important role in determining whether the employees are living by the company\'s values and expectation. Doing business ethically and in right way which will benefit the organization, the employees, the customers, the society and the environment.

The reasons ethic is important for businesses are: -

The three most common mechanism for institutionalizing ethics in an organization are: -