A Role of Ethics and Social Responsibilities in Management

A Role of Ethics and Social Responsibilities in Management. Ethics can be defined as a process of evaluating actions according to moral principal of values(A.Alhemoud). Throughout the centuries people were trying to choose between profit and moral. Perhaps, some of them obtain both, but every time it could have roused ethical issues. Those issues concern fairness, justice, rightness or wrongness; as a result it can only be resolved according to ethical standards. Setting …

…guidelines for ethical conduct, develop a process for monitoring business practices and recommend ways to correct questionable activities." (J.Byrne) All these measures were taken to balance various social responsibilities with the high degree of moral and sense of attainment. Unfortunately, cooperation of unethical behavior of a manager with a journalist may lead to an undesirable results. "Early in December 1995 , Smart Money's editor-at-large James J. Cramer wrote an article for his monthly column; Unconventional Wisdom,