Using Relevant Theories and Examples Outline the Arguments for and Against an Organization Adopting an Ethical Approach to Management.

In: Business and Management

Submitted By mchanda88
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Using Relevant Theories and Examples outline the arguments for and against an organization adopting an ethical approach to management.

The purpose of this essay is to compare and contrast the case for and against an organization adopting an ethical approach. This essay will look into the two sides of the argument in depth using relevant theories, examples and case studies. The first part of this essay will look into why an organization adopting an ethical approach to management could ultimately benefit the firm. The essay will look at various strengths that could be achieved by an organization, these theories and ideas will be backed up with possible case studies and real life examples. The second part of this essay will look at the case against a firm adopting an ethical approach to management. Again various reasons will be analyzed and will be backed up using relevant theories, case studies and real life examples. After looking at both sides of the argument this essay hopes to come to a conclusion perhaps suggesting that it would be important for organizations to act ethically to a certain extent.

Before going into the first side of the argument it will be important to define what is meant by an ‘ethical approach to management’, so this section of the essay will compare and contrast various definitions. One definition suggests that ‘ethics are the moral principles that should underpin decision-making. A decision made on ethics might reject the most profitable solution in favour of one of greater benefit to society as well as the firm’ (Marcouse, 2003). The key words used in definition are ‘moral principles’, so this definition suggests that acting ethically means acting in a moral way. Another definition suggests that ethics ‘is the study of morality – practices and activities that are considered to be importantly right and wrong, together with the rules that…...

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