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Managerialism is the idea that professional managers should run organizations in line with organizational routines which produce controllable and measurable results. [1] [2] It applies the procedures of running a for-profit business to any organization, with an emphasis on control, [3] accountability, [4] measurement, strategic planning and the micromanagement of staff.
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
Economics and business Business ethics – concerns questions such as the limits on managers in the pursuit of profit, or the duty of 'whistleblowers' to the general public as opposed to their employers. Development ethics (economic development) Ethics in management; Ethics in pharmaceutical sales; Lifeboat ethics (economic metaphor)
Human capabilities may be thought of as amoral in that they can be used for either constructive or destructive purposes, i.e., for good or for ill. [ 7 ] There is a position which claims that amorality is just another form of morality or a concept that is close to it, citing moral naturalism , moral constructivism , moral relativism , and moral ...
The function of developing and implementing business ethics in an organization is difficult. Due to each organization's culture and atmosphere being different, there is no clear or specific way to implement a code of ethics in an existing business. Business ethics implementation can be categorized into two groups; formal and informal measures.
The word "ethics" is "commonly used interchangeably with 'morality' ... and sometimes it is used more narrowly to mean the moral principles of a particular tradition, group, or individual." [ 8 ] Likewise, certain types of ethical theories, especially deontological ethics , sometimes distinguish between ethics and morality.
The book is said to be "one of the most influential business books of our era". [2] The authors identified two primary objectives for the research published in the book: “to identify underlying characteristics are common to highly visionary companies” and “to effectively communicate findings so that they can influence management”.
Economists use this term to describe inefficiencies that can occur when risks are displaced or cannot be fully evaluated, rather than a description of the ethics or morals of the involved parties. Rowell and Connelly offer a detailed description of the genesis of the term moral hazard, [ 5 ] by identifying salient changes in economic thought ...