By Mike Harrison
This article presents an creation to a couple of the key demanding situations dealing with somebody involved in criteria of behaviour in enterprises. It starts off from a attention of the assets supplied through philosophical ethics and strikes directly to think of the demanding situations inherent in operating in a aggressive company setting.
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Additional info for An Introduction to Business and Management Ethics
In a business context shareholders (and other financial bodies, including the Inland Revenue) have a right to have the consequences for them given due attention (as they provide the capital) but a stakeholder approach will consider consequences for a wider group, including employees, suppliers, customers and the local community. However, if we continue this line of logic, as Environmental Audits actually attempt to do, we can see ripples of cause and effect spreading out in the future to wider populations.
You will have noticed that the above discussion shows that there is a certain amount of disagreement over the right way to introduce ethical consideration into management. There are a number of specialist texts which cover these topics in particular (see Annotated bibliography). 43 4 Descriptive ethics Purpose and learning outcomes The purpose of this chapter is to introduce some models and concepts of descriptive ethics, in particular relating to models of decision-making, the factors which may influence ethical action and the possible stages of moral development for individuals and organisations.
Some of the cases in this book seem to suggest that a greater range of organisations operate with doubtful ethics than we would hope to be the case. The stakeholder concept Even if you have only a brief acquaintance with management theory you are likely to have come across the term ‘stakeholders’. Though only developed in the later part of the 20th century this word seems to have struck a chord with both practitioners and management theorists. Broadly speaking, the stakeholders of an organisation are the individuals, groups or other organisations which are affected by, or can affect, the organisation in pursuit of its goals.