Definition

Ethical responsibilities

Another social commitment for strategic managers is Ethical responsibilities .

Ethical responsibilities reflect the company’s notion of right and proper business behavior. Ethical responsibilities are obligations that transcend legal requirements. Firm are expected, but not required, to behave ethically. Some actions that are legal might be considered unethical. For example, the manufacture and distribution of cigarettes is legal. But in light of the often-lethal consequences of smoking, many consider the continued sale of cigarettes to be unethical. The topic of management ethics receives additional attention later in the chapter.

Ethical responsibilities: The strategic managers notion of right and proper business behavior.

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