Applied Ethics in Management: Towards New Perspectives by Prof. Dr. Shitangsu K. Chakraborty, Prof. Dr. Samir Ranjan PDF

By Prof. Dr. Shitangsu K. Chakraborty, Prof. Dr. Samir Ranjan Chatterjee (auth.)

ISBN-10: 3642601510

ISBN-13: 9783642601514

ISBN-10: 3642642799

ISBN-13: 9783642642791

Ethical concerns are rising because the most vital managerial problem in all spheres of organizational existence, from the broader problems with strategy-making, finance, know-how, advertising, info structures to the delicate issues of gender, demography or cultural variety. The aggressive market-economy version has widened the scope for managers in all international locations to violate the elemental values and integrity had to keep and improve a civil society. those violations stretch from own lapses of bribery and corruption to the broader parts of ethical questions relating to an ethically grounded international company method. This e-book grew out of'a three-day overseas workshop addressing those concerns, held on the administration Centre for Human Values (MCHV), Indian Institute of administration, Calcutta, in the course of February 1998. The workshop explored issues of utilized administration through supplying a number of views. Eighteen of the papers were selected for this quantity, masking company features, suggestions and alliances. one of many key pursuits of the workshop was once to combine principles of utilized ethics constructing from Asia, Australia and Europe. Any e-book on utilized ethics needs to be based on a multicultural base and be essentially orientated. This undertaking has been tremendously privileged in drawing jointly the paintings of 18 very senior and commonly skilled lecturers and practitioners, spanning 4 continents. the 2 editors, from various continents, communicated on a regular basis with one another and the participants. The ebook is end result of the the aid and encouragement of many individuals.

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Whereas religious teachers and spiritual healers focus increasingly on personal meaning, the new generation of ethically aware managers is constantly striving to achieve principle-based balances between the individual and the group, the private and the public, the long-term and the short-term. In organizations of all kinds, managers are becoming Plato's philosopher guardians of the public good. In doing so, they think of themselves as trustees and servants of a much wider group of stakeholders than the current shareholders.

The firm is also able to attract talented employees from outside, and leverage the knowledge and expertise already available within the organization during the post-restructuring phase. Building ethics into all decisions relating to corporate restructuring thus helps the firm develop an architecture or network of relationships that will facilitate achievement of distinctive capabilities, which are required to ensure continued success and, in the process, maximize shareholder value. Proposition 2: Pursuit of unethical practices is generally necessary as a result of managerial incompetency.

12 HOSMER (1993), pp. 12-34. 43 RANJANDAS v. Some Thoughts for the Future Why do companies need to be ethical in corporate restructuring? What happens if ethical principles are flouted? Hosmer13 states that companies depend a lot on their stakeholders for their innovative developments. This implies the need for managers to ensure that other groups of stakeholders are not harmed in the process of maximizing shareholder value; or while they are fulfilling managerial ambitions such as achieving a desired size of the company or market power, or rewarding themselves with handsome incentives.

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Applied Ethics in Management: Towards New Perspectives by Prof. Dr. Shitangsu K. Chakraborty, Prof. Dr. Samir Ranjan Chatterjee (auth.)

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