Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Values and ethics in management
Significance of values and ethics in management
Why business ethics and values are important in management
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Values and ethics in management
SYNOPSIS
On
The Role of Values & Ethics on Management Philosophy
A CASE OF BOTH PUBLIC & PRIVATE SECTOR ORGANIZATIONS
By
Muhammad Fahad
Supervised By
Gulfam Khan Khalid
Submitted in partial fulfillment of the requirements
For the approval of thesis of Master of Science in Business Administration (MSBA)
At
Department of Management Sciences
National University of Modern Languages
Islamabad-Pakistan
April 2014
The Role of Values & Ethics on Management Philosophy
.
1.0 Introduction & Background
In this modern era of technology and advancement, corporate/ Public & Private institutions are more focusing on productivity and constant growth through adapting different management styles and philosophies in order to hold strong their grip on market fluctuations and existence. They are working on more diversified concepts of management philosophies along with other factors that have influence on both Public & Private sector organizations.
According to (Laurent, 2012) the term Management can be confusing; it refers at the same time to a director’s function, company hierarchy or positions of authority. It can be a social status and a practice. “Management’s business is building organizations that work. Underneath all the theory and the tools, underneath all the specialized knowledge, lies a commitment to value creation, to performance”. Philosophy, broadly speaking, is a reflection on life, the nature of the universe and the relationship of the human within it. An identifying feature of philosophy is the passion of thought, what this brings to the search for truth in the way that human beings should relate to the world around them. Philosophy is an attempt to clarify our relation to the world and how to live accordingly, through ...
... middle of paper ...
...ndistinguishable from work satisfaction or simply attitudes to work. The work ethic is that people who demonstrate high values on these characteristics are somehow more effective or productive and consequently more valuable as employees and managers (Frank & S. Antonio, 1995). The efficient and constructive use of time is consistent with a strong work ethic and it has been long understood that improved performance is inexorably linked to efficient use of time (Raymond, Kimberly, Cheryl & Charles, 2010).
7. Leisure Ethics:
It is a core which seems to approximate to the moral core found in the writings around the sustainability movement (Mike, Celia & Cheltenham). The leisure ethic which sees recreation rather than work as the main means to the personal fulfillment and have found it to be related to occupational status, age and nationality ( Adrian & Maria, 1987).
In my understanding, management has had only to do with preserving the current status of thing so that today’s methods of production are upheld even tomorrow. The process of managing things. However, as Deming and Lee point out, management and leadership must be innovative enough to look into the future and examine if today’s methods will be relevant tomorrow to yield even more results. Effective management and leadership calls for flexibility to ensure that changes are welcomed and any adjustments deemed necessary are taken into consideration so as not to miss out on any opportunity
Ethics have been apart of life since we born. We are taught at a young age to not still, and that it is bad; to always hold that door open for older people, and to just be whole heartily kind. Also we have to think ethically every decision we have to make and to take everything in apart of what you decide, even keeping you in interest. It is important to consider a situation or contest in which moral problems occur. Also it is important to establish moral principles, rules and guidelines. Another is on how businesses apply ethics to make then well rounded, which is important for anyone in business or going into business. The last important thing is why we cannot have the central problems of morality how to attain agreement in a moral system
The classical approach to management was the result of an effort to develop a body of management thinking, and the management theorists who participated in this effort are considered the pioneers of management study. The classical viewpoint emphasises efficiency in managing work and organisations in order to increase production (S. C. Certo & S. T. Certo, 2006).... ... middle of paper ... ...
Every manager must have a set of principles, values, and core beliefs that he must follow. These principles, values, and beliefs make up his philosophy of management. Webster defines philosophy as “the most basic beliefs, concepts, and attitudes of an individual or group.” (Webster) I will be discussing the principles, values, and beliefs I as a manager will have to do my job efficiently. I will also discuss the different biblical beliefs that support my management style.
There are several theories that examine an organization and it’s approach to managing work in an effort to develop efficiency and increase production. Two classical approaches to management are Taylor’s scientific management theory and Weber's bureaucratic management theory. Both men are considered pioneers of in the study of management.
Due to the changes in management patterns and advancements, there are changes that could be made to the theory to make it relevant and applicable in the contemporary management. For instance, in the fourteen principles, the inclusion of staff welfare may make the theory flexible and adaptable (Thomson 2004).
There are three well-established theories of classical management: Taylor?s Theory of Scientific Management, Fayol?s Administrative Theory, Weber?s Theory of Bureaucracy. Although these schools, or theories, developed historical sequence, later ideas have not replaced earlier ones. Instead, each new school has tended to complement or coexist with previous ones.
In the history of management thinking, there are many ways to manage an organization, such as scientific management and administrative management. This essay will discuss the notion that scientific management was a ‘good’ idea in the history of management thinking, by looking at the historical backgrounds and political beliefs of economist, also how the develop management theory by conducting experiments, and how their theories made it into the managing business does and how do they work. First of all, what is management itself? Management as explained in the Organizational Behaviour book, is a set of activities such as planning, decision making, organizing, leading and controlling the organization’s resources including human, financial, physical, and information. In order for high performance result, achieving organizational goals efficiently and effectively. (Wood et al, 2006. pp12-13)
M. Petrescu, e. a. (2010). Public Management: between the Traditional and New Model. Review of International Comparative 408 Management , 411.
In today’s fast paced business world many managers face tough decisions when walking the thin line between what’s legal and what’s socially unacceptable. It is becoming more and more important for organisations to consider many more factors, especially ethically, other than maximising profits in order to be more competitive or even survive in today’s business arena. The first part of this essay will discuss managerial ethics[1] and the relevant concepts and theories that affect ethical decision making, such as the Utilitarian, Individualism, Moral rights approach theories, the social responsibility of organisations to stakeholders and their responses to social demands, with specific reference to a case study presenting an ethical dilemma[2], where Mobil halts product sales to a garage, forcing the garage owner to stop selling solvents to young people. The second section of this essay will focus on advice that should be given to any manager in a similar position to the garage owner with relevance to the organisational strategic management, the corporate objective and the evaluation of corporate social performance by measuring economic, legal, ethical and discretionary responsibilities. It will address whom to think of as stakeholders and why the different aspect could cost more than a manager or an organisation could have imagined.
Classical management theories which are based on the contributions made by scholars like Henri Fayol, Fredrick Taylor and Max Weber, are often viewed as highly structured, hierarchical, emphasis on strict division of labour and centralisation of power (Miller, 2012),. Although these theories have taken inspiration from post industrial revolution, and were mostly prevalent in the early twentieth century, we can still see trace...
Management plays a significant role in how business operates. The diversity of approaches to the theoretical and practical background of management has come up with several versions of what is meant by such key words as management and organization. The academia views expressed in relation to management theories take a different role than that prescribed to managers. There has not been any concrete definition of management even though the classic definition of Henri fayol still remains in contention to be the preferred choice after eighty years. In the context of what is required I would like to elaborate on the following journals.
Management “is the art of getting things done through the efforts of other people” (p.8). We all know that the management is not how it was when it was first started back in the early 1990s. Managers have a big responsibility of making sure there managing their areas of responsibly and team very well. Principle of Management is a way of making sure you are managing your work by involving others to make sure it gets done. According to our text Carpenter, Bauer, & Erdogan (2009) ,”the principles of management are the activities that “plan, organize, and control the operations of the basic elements of [people], materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to
“Ethics can be defined as moral principles that govern or influence a person’s behaviour and values are the context in which an organisation or society’s norms are established and justified” (buzz text book).Ethics are the guidelines helping us tell the difference between the is wrong and right. Most people are encouraged by ethics to normally do the right things. Ethics and values are based on individual beliefs and standards in society that one if from, they vary from person to person. Leadership is the authority and capability for one to lead people in an organization in order to achieve goals. They are the main role players in all the organizations and are crucial to their success. Ethics in a business means taking the precise way’
This paper, will discuss scholarly views on the nature and types of theory; compare and contrast some views of what constitutes a theory, differentiate theory from related concepts, such as hypothesis, paradigm, model, and concept. The paper also, will review scholarly literature on the relationship between theory and research and the ways research (quantitative and qualitative) can contribute to theory. Moreover, the paper will discuss various ways research can contribute to theory; and try to explain how the theory adds or may add to our understanding of management field. Finally, this paper will discuss and analyze literatures on two areas of controversy or unanswered questions related to the theory.