As a manager you’re going to find yourself in a position where you are required to regularly make decisions.
While you may, at times, feel as though you are guided by your own morals and beliefs, it is very important for you to remember to put your personal beliefs aside so that you can look at each situation objectively and make the most ethical decisions possible.
Now, what are managerial ethics? How can we define ethics in management?
AZCentral describes managerial ethics as ‘referring to the moral guidance a supervisor provides his employees. No one ethical approach is universally accepted, so each business owner must choose his own approach to ethical management. Many ethical approaches exist, each with a distinct twist on what it means to behave ethically’.
So, it can be seen from many different perspectives. Chron.com comments that ‘Managerial ethics is a basic part of business ethics. It is the set of moral principles or beliefs that affect the behaviour of employees. While most people automatically assume that ethics directly correlates to laws, this isn’t always the case. Doing the right thing for employees and customers and demonstrating the willingness to go the extra mile also falls under managerial ethics.’
The answer to the question ‘what is managerial ethics?’ differs according to the situation we are in.
There are many examples of ethical management out there. Ethical management is the practice of being honest and virtuous in a role as a manager. There are several responsibilities and obligations of an ethical manager, including setting a good example, holding everyone to the same standard, and making expectations clear.
In order to do this, there are four main principles of ethical management you need to keep in mind at all times. They are as follows:
Are you acting as ethically as possible in the workplace? Are there things you could change so that you and your team get along on a better, professional level?
By thinking about decisions, you make at the ethical level, you determine the strategic direction of your team in, many times in a costless manner.