Managerial Ethics: Assignment No.

1 Submitted By- Prateek Seth (H11039)

Q. 1 Define Ethics. Ethics are defined as:Kant's ethics definition is based on his distinction between hypothetical and categorical imperatives. He called any action based on desires a hypothetical imperative, meaning by this that it is a command of reason that applies only if we desire the goal. Ethics is the area of philosophy which studies the moral life of man; that is, his human life as a person, considered from the point of view of its goodness or badness. Patricia Debeljuh, 2006, Ethics. Learning to Live. Ethics is a derivate of the Greek word ethos, meaning customs, conduct or character. Ethics is concerned with the kind of values and morals an individual or society ascribes as desirable or appropriate. It focuses on the virtuousness of individuals and their motives. Peter G. Northouse, Leadership- theory and practice

Q. 2 Define business ethics. Business ethics are defined as:Business ethics is the study of business situations, activities, and decisions where issues of right and wrong are addressed. Crane and Matten, Business Ethics, 2e Business ethics is disciplined normative reflection on the nature, meaning and context of business activity. As such it deals with comprehensive questions about the justice of the economic context in which business operates and about the nature, function, structure, and scope of business in that context, as well as with more specific issues raised by the relationship of business to government, the consumer, its employees and society at large. Hoffman and Moore, Business Ethics: readings and cases in corporate mentality

Q.3 Define management ethics. Management ethics are defined as:-

The critical, structured examination of how people & institutions should behave in the world of commerce. In particular, it involves examining appropriate constraints on the pursuit of self-interest, or (for firms) profits, when the actions of individuals or firms affects others. http://www.businessethics.ca/definitions/business-ethics.html Management ethics are the ethical treatment of employees, stockholders, owners, and the public by a company. http://en.wikipedia.org/wiki/Ethics_in_management

Q4. Define global ethics. Global ethics are defined as:A global ethic can be defined as an ethical perspective according to which there are significant ethical relations between states and between individuals living in different societies. Nigel Dower, Global Ethics International Ethics is an area of international relations theory which concerns the extent and scope of ethical obligations between states in an era of globalization. en.wikipedia.org/wiki/International_Ethics

Q5. Define ethics in HRM. The ethics of human resource management (HRM) covers those ethical issues arising around the employer-employee relationship, such as the rights and duties owed between employer and employee. http://www.citehr.com/106391-ethics-human-resource-management.html The concepts of fairness, rights and justice in human resource management and in various processes linked or derived from human resources. Githui Donatus Mathenge, Human Resource Planning