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.

Share it:  Cite

More from this Section

  • Changed agent
    Organizational changes often need someone to act as a catalyst and assume the responsibility ...
  • Equity theory
    Equity theory is the theory that an employee compares his or her job’s input: outcomes ...
  • Locus of control
    Locus of control is the degree to which people believe they control their own fate. People ...
  • European Union (EU)
    The European Union (EU) is an economic and political partnership of 27 democratic European ...
  • Information power
    The ability to influence others based on your control of dissemination of information ...