Organizations may assume that employee’s loyalty and their inclination towards ethics are necessary and that they can ignore business ethics. Problems faced by managers in a routine organizational course are usually complex. When the topic of business ethics is discussed, people tend to consider the golden or thumb rule of honesty and courtesy.
Problems in organizations
The problem arise when people are engaged in wider and more complex dilemmas, they realize that there is a vacuum to deal with in applying ethical principles to business and management. There is also a myth that business ethics is something led by philosophers, academics and sociologists (Chakraborty and Chatterjee, 1999). This is due to the lack of business owners and managers in business ethics literature over time and therefore many consider that these terms have little to do with daily life of an organization (Gomez, 2007, p. 67). They believe that business ethics is only an intellectual debate that never leaves the comfort of philosophers. Despite of the myth, business ethics is a scientific tool with realistic approach that contains practical tools. Ethics and management have practical applications in other areas as-well.
Myth says that ethics in management only reinstates itself and is superfluous. Many argue that ethics in management codes are the ones which naturally aspires everyone. However valuing management ethics within an organization portrays the importance to ethical concerns within the workplace (Attfield, 1999). It’s quite obvious that all organizations require a honest and loyal workforce. However listing honesty in the top of organization’s code of ethics makes it prominent and worth considering. Management Ethics are always those instruments which change with the needs of the society and the organization.
Myths in management
Another myth says that ethics in management is a way of good guys teaching bad guys. However people experienced in working with organizations know that good people might take bad actions in state of stress, frustration or confusion. Therefore ethics in management refers to team efforts made together to help others remain out of ethical dilemmas.