What are the characteristics of Managerial Ethics?
Managerial ethics refer to the moral principles and values that guide decision-making and behavior in a business setting. Key characteristics include integrity, honesty, fairness, transparency, and accountability. Managers must adhere to ethical standards to build trust with stakeholders, maintain a positive organizational culture, and ensure long-term success. Ethical decision-making involves considering the impact on all stakeholders, following laws and regulations, and upholding the organization's values.