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Learning Guide Unit 7OverviewUnit 7: Ethics in ManagementTopics:Business ReputationGoodwillPower, authority and ethicsLearning Objectives:By the end of this Unit, you will be able to:1.Discuss the importance of a business' reputation and the concept of Goodwill.2.Identify when coercion is occurring between employees.3.Examine issues related to power, authority and ethics.Tasks:Peer assess Unit 6 Written AssignmentRead the Learning Guide and Reading AssignmentsParticipate in the Discussion Assignment (post, comment, and rate in the Discussion Forum)Complete and submit the Written AssignmentIntroduction
In this unit, you will be introduced to some of the ways that managers are tempted to use their positions of authority to impose their agendas upon other employees. In some cases, this might be good for the company and managers are given authority precisely so they can direct the work of other employees. In other cases, it might cross ethical boundaries which may (in a worst case scenario) cause the company to lose good talent if they resign.Expanding this notion of using power for advantage, but not so much as to cause damage, consider the role of any corporation in the broader market. Dealing with competitors, customers, and suppliers, a corporation may be tempted to flex whatever position of power it can to get whatever advantage it can. Harvard professor Michael Porter wrote Five Competitive Forces that Shape Strategy in 1979, and MBA programs quickly created classes devoted to studying how managers can effectively use force to compete and win in the market. Porter was expanded upon by Spender who considered how businesses behaved as units in a society rather than as a group of managers in competition. In terms of Ethical considerations, this all goes back to business reputation, and the concept of goodwill.