Managing Ethics Essay Example | Topics and Well Written Essays - 500 words

Managing Ethics - Essay Example This management behavior has resulted in reduced morale, job stress, and fatigue for the employees. Before going into the discussion regarding Ron Eden’s approach to management in 2000s, let us get a better understanding of what ethical management actually is. Management ethics include a set of defined ethics that is required for a business to remain in the market. Some of the principles that increase the effectiveness of organizations include ethical decision making based on facts, getting facts from possible perspectives, recognizing managing ethics as a process, avoiding the occurrence of ethical dilemmas, and using cross-functional teams while implementing an ethical management program in the organization. There exist many theories, which are used by the managers to control behavior and motivation of the employees. Scientific management theory focuses on how managers can improve efficiency through person-task relationships. Administrative management theory is related to the development of a highly efficient and effective organizational structure through outlining the principles of administration and bureaucracy. Behavioral management theory focuses on how managers should motivate the employees to achieve organizational goals. Theory X assumes that workers do not like to work hard whereas theory Y assumes that workers like to work hard if they are given opportunities and incentives. Management science theory believes in giving more control to the managers over the resources in order to produce desirable results. The last theory, which is organizational management theory, focuses on how managers can influence behaviors to control the organization’s relationship with the external environment. Mr. Ron Eden, the top manager of the company, possesses a controlled management approach in the company. In Electronic Banking Inc., the top manager is the