MGT 216 Week 3 Individual Assignment Ethics Game Simulation
MGT 216 Week 3 Individual Assignment Ethics Game Simulation fin571
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This 1 page Study Guide was uploaded by an elite notetaker on Tuesday November 10, 2015. The Study Guide belongs to fin571 at Kaplan University taught by in Fall 2015. Since its upload, it has received 23 views.
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Date Created: 11/10/15
In what way do the ethical responsibilities of managers differ from the ethical responsibilities of regular employees? What creates this difference? Is it possible to manage ethics? Response: A Manager is responsible to the company first then the employees under his charge. Everyone expects that most managers would be quick to report any act that breaks the company policy. They are an authority in the workplace and must first consider the policy and procedures they are ethically expected to uphold. Typically a manager is expected to go “by the book” so to speak. This person would be quick to speak to the coworker about their gambling as being against policy. They may also discipline them with a write up or refer them to HR administrators to discuss the gambling habit. In this example, it may be possible to manage ethics. However it would depend on how strong your bias is in relation to ethical or moral values. Managers by virtue of their powers and connections can affect the future of the employees and by consequence, the future of many people by the decisions they take. Whereas at the employee level, one can only affect ones own future. Also a manager cannot appear to be partial, whimsical, as that will greatly reduce his / her credibility with the employees he commands. The manager is emulated by his employees who may be lionizing him. His habits and quirks are duplicated by employees. Naturally, "bad habits" such as politicking, back biting, scheming will have organizational consequences. The scope and amount of the power invested in a manager by a company creates the difference. Like all parts of life, ethics can also be managed. People can be taught the consequences of their actions when in position of power, by quoting known examples such as Enron Power, and Barings Bank, where Top and middle management caused the catastrophic collapse of well performing institutions.
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