\"Managerial Ethics\" (page 90-93)highlights three sets of relationships involve
ID: 407462 • Letter: #
Question
"Managerial Ethics" (page 90-93)highlights three sets of relationships involved in the exercise of managerial ethics-the relationships of the organization to its employees, of its employees to the firm, and of the firm to other economic agents. Explain how each of these relationships was a factor in the ethical failings of the Minerals Management Service. Identify which of the three was the biggest factor.
Copy and past link below to view case study on page 114
https://books.google.com/books?id=iYwJAAAAQBAJ&lpg=PA115&ots=nOw8BQtz4g&dq=us%20exempted%20bp's%20gulf%20of%20mexico%20drilling%20from&pg=PA91#v=onepage&q=us%20exempted%20bp's%20gulf%20of%20mexico%20drilling%20from&f=false
Explanation / Answer
Management ethics is fundamental to every business organisation may be organisation to employees whether organisation treating employees fairly and paying fair wages for effort and employees to organisation whether they are honest and doing diligent and efficient work for thier salary and lastly relationship of organisation to its associates may be vendors,suppliers ,banks and others whether there is fair dealing between them.
Managerial ethics is a set of principles and rules dictated by upper management that define what is right and what is wrong in an organization. It is the guideline that helps direct a lower manager's decisions in the scope of his or her job when a conflict of values is presented.
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