"Ethics is the code of moral values and principles that governs the behaviors of a person with respect to what is right or wrong (Burke)". Ethics sets standards on what is good or bad in a person's behavior or decisions making. In addition it deals with internal values that are a part of the company's culture and their employees. An ethical issue is found in a case that the actions of a person or an organization may harm others.
"Managerial ethics help to guide decision making and the organization of internal and external behavior. Ethical problems usually arise from a conflict between an individual or group and the company, division or department as a whole. Companies have created a set of values and standards that are recognized by managers and consistently referenced during the work day have created an ethical platform that can operate managers and make decisions. Training managers on the specifics of managerial ethics by role play, case study and group discussion has paved the way for ethical behaveor.” (Burke)
"Managers in most organizations seek to encourage ethical practices to gain whatever commercial advantage there may be in having potential consumers and employees regard the company as ethical, also to ensure ethical behavior in the company. Distributing, creating, and continually improving a company's code of ethics is a one-step manager can take to create an ethical workplace. Another step managers can take is to provide the work force with appropriate training. Many companies implement training programs designed at encouraging ethical practices within their organizations.” (Marion, 2001)
Managerial ethics are a set of standards that dictate the behavior of active manager within the workplace. It helps to guide decision making and organize the future path of the organization. People need to increase their awareness about ethics. Therefore, this paper will illustrate the history and the importance of ethics in the workplace