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The first issue that can be pointed out when discussing the connection between ethics and management is the presence of legal compliance concerns. According to Schwartz and Carroll (2018), some companies can be prone to bending regulations in order to make the best use of misleading or completely false information. For example, managers cannot avoid scenarios where fake information gets distributed quickly because they are not always in charge of disseminating messages intended for larger audiences. This is one of the main reasons why all financial and personal affairs have to be filtered carefully, with security principles in place.
Another management challenge is the existence of unrealistic consumer expectations that can make people believe that the organization treats them unfairly. A strong focus on ethics might be required for the managers to be able to approach each of the target audiences with enough support and attention. For instance, if the organization has to cope with a large number of complaints, it will be rather likely to begin behaving unethically in order to cover at least some of the issues (Ferrell et al., 2019). The idea for the manager would be to focus on realistic expectations and capitalize on real-life achievements that are marketable.
The final issue that can be associated with responsibility and ethics within the field of management is the process of establishing long-term strategic partnerships. Any given organization should look beyond collecting increased revenues because a mere focus on monetary success will destroy the company’s image (Vallaster et al., 2019). Therefore, managers have to partner with responsible manufacturers and trade unions in order to ensure that all operations are in line with respective ethical guidelines. Again, consumer demand should be considered carefully so as not to break the balance between realistic and unrealistic expectations.
References
Ferrell, O. C., Harrison, D. E., Ferrell, L., & Hair, J. F. (2019). Business ethics, corporate social responsibility, and brand attitudes: An exploratory study. Journal of Business Research, 95, 491-501. Web.
Schwartz, M. S., & Carroll, A. B. (2018). Corporate social responsibility: A three-domain approach. In Business Ethics and Strategy (pp. 55-82). Routledge. Web.
Vallaster, C., Kraus, S., Lindahl, J. M. M., & Nielsen, A. (2019). Ethics and entrepreneurship: A bibliometric study and literature review. Journal of Business Research, 99, 226-237. Web.
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