The best way for companies to ensure that their managers and supervisors are clear about their responsibilities is to provide manager safety training. Managers also use the utilitarian method to decide what is ethical. In this method of decision-making, the manager measures the total amount of asset that results from a decision. This method is unique in that it may include the assessment of economic, human and social costs or benefits. Many companies classify this method as a “cost-benefit analysis”. An example of this would be when a company creates a budget and decides how much to allocate to charities, pension benefits, employee health benefits, etc. The following is a history, explanation and overview of business ethics and business law. We then discuss management`s responsibilities in both areas and what you, as a leader, can do to ensure that you are acting both legally and ethically. You will probably discover the parallels between business ethics and business law, which complement each other in many ways.
Ethical responsibility is the ability to recognize ethical values and act on standards in a particular field or context. Therefore, ethical responsibility refers to the responsibility to follow the code of ethics of an organization, institute, corporation, etc. Ethics is the moral code followed by people in a country, company, organization, company, etc. Therefore, ethics are rights that are considered morally just. So they are not laws, but obligations. Moreover, it is the decision of a person to follow or not this ethic. 1.2. Correctly interpret sources of information on legal and ethical requirements that apply to the contemporary work role. Business ethics and business law are linked in that a company`s ethical behavior is often enforceable by legal means. This relationship is not limited to the United States; International organizations such as the World Trade Organization (WTO) and the United Nations (UN) legally apply ethical behavior in various countries. Ethical responsibility is proactive, while regulatory compliance is reactive. In addition, it is quite possible to be ethical without being compliant.
So that`s another big difference between legal compliance and ethical responsibility. Version 1. CHCECE055 Compliance with legal and ethical obligations in the education and care of children. New unit. No equivalent unit. As a manager, you are not expected to be a legal expert. However, you must have a basic understanding of labour laws and discrimination; For example, how many hours a person can work, equal opportunity and affirmative action laws, and laws that regulate job security. As a manager, one of your main responsibilities is to understand and practice ethical behavior in order to: meet the company`s expectations for behavior, set an example of appropriate behavior for subordinates, and minimize the ambiguity that often accompanies the practice of ethics.
The above-mentioned events reminded companies of the important role that ethical standards play in their respective organizations. As a leader, you also have a crucial responsibility, as you are the “gatekeepers” of your organization in this regard. • Be sufficiently informed of their responsibilities, rights and obligations and ensure that they are properly managed • Be able to delegate responsibility for appointing appropriate employees to deal with relevant issues within the company/organization • Adhere to company/organization rules and regulations and maintain staff rules and regulations, etc. • Employees and authorities should always act in accordance with the law of organization. However, some people deny that ethical standards have little or no value. These individuals argue that there is too much emphasis on the ethical codes themselves and that such provisions are not convincing enough to promote moral behaviour in work environments. This brings us to the next topic: commercial law. Ethical dilemmas are so common because they are often situations involving decisions that could benefit the manager or his organization.
The problem is that this decision can be not only unethical, but also illegal. Despite its vague nature, managers are responsible for ethical behaviour even in these situations. At the organizational level, the culture of ethical business practices is highly dependent on management`s willingness to set an example of behaviour and take personal responsibility for its implementation. Management is responsible for encouraging such behavior by rewarding those who behave ethically and punishing those who do not. In fact, ethical and accountable managers are probably the most important element in developing an ethical organizational culture. 3.1. Identify situations where work practices could be improved to meet legal and ethical responsibilities. Failure to comply with their regulations, laws, statutes, etc. can result in hefty fines and penalties for a company or organization. It can also have an individual impact on the manager or supervisor who does not exercise due diligence and protect the health and safety of their team members. Therefore, it is important that managers understand codes of conduct, codes of ethics or other formal rules and maintain and maintain records of related documentation that sets out expectations and guidelines for ethical conduct. Managers are also responsible for ensuring that those reporting to them understand these rules.
Legal compliance and ethical responsibility go hand in hand. However, these are different principles.