5️⃣
Ethical and sustainability management
Finished
1. Why ethical and sustainability management?
2. Ethical Management
2.1 Behaving ethically
2.2 Ethical systems
3.Sustainability management
3.1 EU laws and directives
1. Why ethical and sustainability management?
⇒ Its a rapidly changing world with challenges in terms of ecology, technology, and human rights
Sustainable growth
= economic growth & development that meets present needs without harming the needs of future
generations
⇒ Stakeholder perspective
→ highlighting unethical behaviour CEOs and poor sustainability management
e.g. Greed, fraud, corruption,…
Ethical and sustainability management 1
, Ethics and sustainability in the four management functions
2. Ethical Management
Business ethics
Moral principles, standards, & norms that guide a manager’s behaviour and decision making in the
world of business
⇒ doing the right thing in case of ethical dilemmas or issues
Ethical management
= Management by engaging in ethical practices
Steps of ethical management
Understand there is an ethical issue or dilemma
decide what is the right option to choose
act accordingly, ‘walk the talk’
What shapes a managers moral point of view?
→ work environment and experience, training, media, education, network, family, friends, philosophy, laws
⇒ Managers have mission to act as “ moral agents”, to be involved in “moral concerns”
Moral agents
individuals who are responsible for their actions and decisions, like in their personal life
⇒ decision making also involves
evaluating situations in terms of ‘what is morally correct or not’
thinking of impact of decisions on stakeholders (Edward Freeman)
holding people accountable for their actions
2.1 Behaving ethically
⇒ Behaving ethically is about asking the right questions
⇒ Managers in organizations face a wide variety of ethical dilemmas and issues for which there is no clear answer
Ethical and sustainability management 2
Ethical and sustainability management
Finished
1. Why ethical and sustainability management?
2. Ethical Management
2.1 Behaving ethically
2.2 Ethical systems
3.Sustainability management
3.1 EU laws and directives
1. Why ethical and sustainability management?
⇒ Its a rapidly changing world with challenges in terms of ecology, technology, and human rights
Sustainable growth
= economic growth & development that meets present needs without harming the needs of future
generations
⇒ Stakeholder perspective
→ highlighting unethical behaviour CEOs and poor sustainability management
e.g. Greed, fraud, corruption,…
Ethical and sustainability management 1
, Ethics and sustainability in the four management functions
2. Ethical Management
Business ethics
Moral principles, standards, & norms that guide a manager’s behaviour and decision making in the
world of business
⇒ doing the right thing in case of ethical dilemmas or issues
Ethical management
= Management by engaging in ethical practices
Steps of ethical management
Understand there is an ethical issue or dilemma
decide what is the right option to choose
act accordingly, ‘walk the talk’
What shapes a managers moral point of view?
→ work environment and experience, training, media, education, network, family, friends, philosophy, laws
⇒ Managers have mission to act as “ moral agents”, to be involved in “moral concerns”
Moral agents
individuals who are responsible for their actions and decisions, like in their personal life
⇒ decision making also involves
evaluating situations in terms of ‘what is morally correct or not’
thinking of impact of decisions on stakeholders (Edward Freeman)
holding people accountable for their actions
2.1 Behaving ethically
⇒ Behaving ethically is about asking the right questions
⇒ Managers in organizations face a wide variety of ethical dilemmas and issues for which there is no clear answer
Ethical and sustainability management 2
