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Why should managers behave ethically?

Updated: 4/28/2022
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Roode

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12y ago

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To maintain good representation of them self and the company. A poor representative devalues the company and no manager should want a poorly ran company. -danyelle

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Wiki User

12y ago
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Q: Why should managers behave ethically?
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Should firms behave ethically?

Firms should behave ethically if they wish to retain the trust of their customers and shareholders. Companies that behave ethically have a competitive advantage in terms of branding and reputation.


What does corporate responsibility and ethics mean?

Corporate responsibility and ethics refers to how managers behave on behalf of the organization. When managers aren't transparent about financials, they aren't acting ethically.


Should companies always behave ethically despite the economic cost involved?

Yes. (period...that's it...yes).


Why behave ethically?

To treat both employees and the environment with respect


Research has shown that the least important motivation for managers in behaving ethically is?

profitability


According to The Hastings Center Report reading this week one of the biggest inhibitors to people's ability to behave ethically is?

A lack of desire to act ethically


What are the ethics of business?

Business ethics is concerned with managers acting ethically and morally on behalf of the business. When managers make poor choices concerning ethics, they lose customers.


Hastings report biggest inhibitors to people's ability to behave ethically?

A lack of time to reflect to consider ethics


Do you feel that the Better Business Bureau is effective in ensuring that companies behave ethically to protect the consumer?

No, I dont feel that.


How do businesses operate in an ethical manner?

A business operates ethically when managers don't put profits over customers. Another way a business can operate ethically is by disclosing all business dealings.


How do managers use social influence ethically?

To maintain the system files and navigating the interface between different software tools.


Is a human services agency required to practice ethically?

A human services agency is required to behave ethically because they are dealing with peoples lives. A human services agency is created to help human beings, that in itself requires ethics.