Important of ethics in managerial life

1. Sage university,
indore
ims
BBA 1st semester
section-g
Value and Ethics

2. Members
submitted
to
Sameeksha Singh
Sanjana Lakhera
Sandeep Sharma
Samarth Solanki
Sanskar Sharma
Sarfaraj Patel
Prof. Yogesh Kag sir
2

3. Important of ethics in
managerial life
Topic

4. Content
Who is responsible for
creating ethics in the
organization
Importance of ethics in
management
Types of workplace
ethics
Benefits of ethics in
management
How to handle
workplace ethics ?
3/12/2022
Important of ethics in managerial
life
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5. Introduction
Ethical management relates to the undertaking of
management functions in an ethical manner by
doing the right thing for individual success and
organizational effectiveness .
Management of ethics involve managers applying
internal policie, rules and regulations as well as
stipulated government laws to manage ethical
issues.Ethics deals with morality in business .It is
a system of moral principles and values applied
to business activities . This means the business
5

6. for creating ethics in
the organization ?
A company's manager play an important
role in establishing its ethical tone. If
manager behaves as if the only thing that
matters is profit, employees are likely to
act in a like manner. A company's leaders
are responsible for what is and is not
acceptable employee behavior. Is vital for
managers to play an active role in creating 6

7. Importance of ethics in
management
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Organizations need to abide by ethics or rule of law, engage
themselves in fair practices and competition; all of which will benefit
the consumer, the society and organization.
o Satisfying Basic Human Needs : Every employee desires to be
such himself and to work for an organization that is fair and ethical in
its practices.
o Uniting People and Leadership : An organization driven by
values is revered by its employees also. They are the common
thread that brings the employees and the decision makers on a
common platform.
o Securing the Society : Often ethics succeeds law in safeguarding
the society. Lawyers and public interest litigations may not help a

8. Types of workplace ethics
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There three types of management ethics or standards of conduct
identifies :
o1. Immoral Management : It suggests a lack of ethical
standards that managers adopt. Even if it is harmful to the
ethical requirements or employee concerns, managers want to
maximise profits.
o2. Moral Management : In this, managers strive to increase
profits, considering ethics. They adhere to standards of conduct
that are ethical and legal. The core principle here is, ‘Is this

9. Benefits of ethics in
management
1. It’s a Part of Our Developing Society : change is taking place in our
society. New societal and working standards are now being developed.
2. It Helps Maintain Morale During Tough Times : The code of ethics gives
you a tool to make clear choices. It shows what is right and wrong. When
making decisions in times of crisis, this is incredibly helpful.
3. It Supports Employee Growth : The more mentally healthy employees, the
more they score high on ethics assessments.
4. It Improves Productivity : When you enforce ethics regularly, your
organisation will develop goals and collaboration. Employees who feel aligned
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10. How to handle workplace
ethics ?
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11. Below, are five examples of how to better
handle workplace ethics:
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1. Accept It as an Ongoing Process
Understand that ethics in management is an ongoing process,
rather than a practice. Ethical systems create codes, rules, and
procedures, minutes of meetings, newsletters, etc. Yet, the most
significant element in ethics management is reflective dialogue. It
initiates a process of strategic planning.
2. Try to Eliminate Its Occurrence
The best way to deal with ethical dilemmas is to stop their
occurrence in the first place. That is why activities such as the
establishment of ethics codes and codes of conduct are so
important. It introduces employees to ethical considerations and

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3. Have the Right Mechanism
Proper mechanisms should be in place to deal with the complicated
ethical issues in the day-to-day business realities. Also, have a
grievance policy for employees to use to settle conflicts with
managers and employees.
4. Have Adequate Training
It isn’t enough to have codes and regulations in place that address
ethics. In circumstances involving ethics, workers need to be taught
how to act.
5. Enforce Policies and Procedures
Have policies and procedures (and keep updating them) to reward
ethical behaviour. Also, enforce unethical conduct penalties.

13. Conclusion
Ethics in management is the
responsibility of every
manager. For several
reasons, upholding ethical
standards is important. You
will build a healthier
atmosphere.
Thus, do something positive
by taking steps to
encourage ethical
management in your

14. Thank you
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