Ethics in Management Essay Example | Topics and Well Written Essays - 1500 words - 2

Ethics in Management - Essay Example Decision making has been identified as one of the most valuable and crucial tools available to managers. The ability to make qualitative and productive decisions has been associated with successful management skills. Management is said to influence the organization’s ethical functioning by setting up priorities that lead to the ethical demeanor of the organization. Management must have the awareness and perception in making appropriate and precise ethical decisions. This can be achieved if decisions are based upon attaining goals and identifying the moral values of the organization. Managers also have to evaluate the effect of their ethical decisions on the vital interests of the business. The aim of this research paper is to analyze and evaluate the ethical decisions made by managers inside the international hospitality industry. The paper further identifies the core ethical values that are agreed by managers. It also discusses the influence and impression of these ethical de cisions on the various interests of the international hospitality industry. There is a strong relationship between management and ethics because this enables the creation of organizations where responsibility, integrity, honesty, and good governance are generated. Managers are geared towards achieving the goals of the organization through a process of dynamic and revolutionary concepts (Yeung 253, 2004). Responsible organizations can employ qualitative decisions that take into consideration the impact of their decisions. If these decisions are based on ethics than the various interests of the organization will also prosper. The local community will be empowered to have improved standards of living. The environment will be safeguarded by the practice of friendly policies and procedures. The international hospitality industry is faced with a number of issues that strongly determine their image and