Moral Management of Ethics

MGT 422 - Assignment 1
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MGT 422 - Assignment 1
1 Write a summary on the different perspectives the author speaks about management of ethics mentioned in the article with references. (500 words)
Ethical leadership is a crucial aspect of effective management in organizations. According to Aytan and Sayan (2020), ethical leadership involves guiding and motivating others fairly, honestly, and respectfully. Besides, this means setting a good example and acting under the organization’s values and ethical principles. Ethical leadership is essential for building trust and credibility with stakeholders and creating a positive work environment for employees. It is also vital for the long-term success of an organization, as unethical behavior can lead to negative consequences such as loss of trust, damage to reputation, and financial losses. Therefore, it is essential for leaders to prioritize ethical behavior and decision-making in their actions and to foster an ethical culture within the organization.
An organization’s culture plays a significant role in shaping the ethical behavior of its employees. A positive ethical culture supports ethical decision-making and encourages employees to speak up when they witness unethical behavior. This type of culture can be fostered through a variety of means. For example, organizations can establish clear values and expectations for ethical behavior and communicate these expectations to all employees. Besides, this helps to create a shared understanding of what is considered ethical and what is not and provides a framework for ethical decision-making. Organizations can also establish systems for reporting and addressing unethical behavior, which can help to create a culture of accountability and discourage unethical actions.
Additionally, training and providing resources to support ethical decision-making can help employees develop the skills and knowledge they need to make ethical choices. Accordingly, fostering a positive ethical culture is essential for the long-term success of an organization, as it can help to build trust and credibility with stakeholders and create a positive work environment for employees. External factors can also influence the ethical leadership and culture of an organization. Regulatory bodies and industry standards can set minimum expectations for ethical behavior, which can help to create a level playing field for organizations and encourage ethical behavior. Consumers and stakeholders can also pressure organizations to act ethically through boycotts, protests, and negative publicity.
Besides, this can be especially important in today’s global economy, where the actions of an organization can have far-reaching consequences and be subject to scrutiny from a wide range of stakeholders. Therefore, organizations must be mindful of these external factors, take them into account when making ethical decisions, and shape their leadership and culture. After reading the provided text, it is evident that the author emphasizes the importance of ethical leadership and culture for the long-term success of an organization. Ethical leadership and culture can help build trust and credibility with stakeholders...