It is a baseline for what is wrong and right.

Ethic
help us to have a ready understanding of How to
react to certain situation before it happens.
Without it our actions will be Aimless and
random. Ethic is REQUIRED in human life. They
Act as your mediator when dealing with People.
If we have wrong sense of ethic’s we will react to
people in negative Manner
 Definition Of Ethics

The code of moral principles and values

that govern the behaviors of a person
or a group regarding what is Right and
wrong .These moral codes revolve
around establishing Values and
principles and may not be same from
culture to culture
It includes Science , morality and
Human acts

- Socarates
 What is managerial ethics ?

MANAGERIAL ETHICS is just about DECISION

WHAT IS “RIGHT” And “Proper” and “Just” in
connection with other people. it is not only
question about bribery , theft and collusion. It
mainly about Relationship between customers ,
supplier & stockholder on one side & Managers
and Subordinates on other side

-Hosmer (1987)
 Reason To Behave Ethically
 View as a internal people ethical behaviour improves
the work enviroment and motivates the employees to
do better,it also evoke a sense of pride and improves
company image in the eyes of employee.

 While as a external people ethical behaviour

improves the public image of the company and helps in
overall development. Eventually it leads to cultural and
behavioural enrichment among internal staff of the
organization.
Three View Points Of Managerial
Ethics
Utilitarian view - ethical decisions are
made on the basis of their outcomes or
consequences

Rights view - respects and protects

individual liberties and privileges
 3 Models of Management ethics
1. Immoral :-
Recognize the ethical issue involved and choose
to do wrong thing.

2. Moral
Recognize the ethical issue involved and choose
to right thing.

3. Amoral
Do not consider the ethical implications of an
action or belif that ethics are irrelevent.
Unethical and
illegal
 Approaches to ethics
1. Conventional approach(culture)

The rules that we form should be acceptable by the

society keeping in mind about the culture. behaviour or act
can be terms right or wrongs based on the norms of the
society. because of our notion it may vary time to time or
based on the different types of societies.

2. Principle approach(religion & society)

The rules formed should not be bias and should not hurt
the emotions and religious beliefs of people in the society.
3.Law approach:

the rules formed should be legally

acceptable and should not violate any
rules of the constitution.
 Ethical Relationship with
Stakeholder,owner & Co-worker
1. Relationship with owner /stakeholder

Manager should be assured of legitimacy and

expediency of interest of the owners of the
company. Loyal, responsible for fulfillment of
task and owners strategy.

2. Relationship with Co-worker

Manager should be Democratic & self-confident.

Thank you