Ethics Has No Part to Play in Managerial Activities. Discuss.
The bottom line of any business organization is about making profits, any loss making business organization will not be continued in the long run. The basic role of any managers, therefore, would be inevitably revolved around increasing the profit margins of the organization. However, while profits making is important for the survival of the business, the business organisation operate within the societies, and have the obligation to conform to the rules and regulations of the societies to become a good corporate citizen. This give rise to the subscription of managerial ethics by managers. Ethics are ideas that are about what is right and what is wrong, that set the standards the way business is conducted. Mangers, which focused on profit making, must understand the society is a stakeholder of the organisation and it is the customer to the business, the source of income for the organization and that the organization is part of society.
China has been heralded the awakening giant for quite a while now. The low cost of the Chinese currency have driven up the trade deficits of many countries trading with it. If is safe to say that the Chineses are enjoying growth and prosperity that were not experienced for a very long time. However, these achievements are marred by ethical issues that arose in the year 2007. it was reported that Chinese organization, while offering low costs, are not ethical in the production standards. News that businessmen used cardboards as filling, that Mattel recalled their toy products after it was found to be harmful to users, were amongst the barrage of bad press attacking the credibility of Chinese organisations and under mining China’s ability to attract organization to invest in China or to include Chinese firms into their value chain. With the country hard hit by bouts of negative press, the China government stepped up to assure the public that the news had no base to it, in an attempt to recover faith of the society. Through china, we
China has been heralded the awakening giant for quite a while now. The low cost of the Chinese currency have driven up the trade deficits of many countries trading with it. If is safe to say that the Chineses are enjoying growth and prosperity that were not experienced for a very long time. However, these achievements are marred by ethical issues that arose in the year 2007. it was reported that Chinese organization, while offering low costs, are not ethical in the production standards. News that businessmen used cardboards as filling, that Mattel recalled their toy products after it was found to be harmful to users, were amongst the barrage of bad press attacking the credibility of Chinese organisations and under mining China’s ability to attract organization to invest in China or to include Chinese firms into their value chain. With the country hard hit by bouts of negative press, the China government stepped up to assure the public that the news had no base to it, in an attempt to recover faith of the society. Through china, we