Question

EXPLAIN THE ETHICAL AND SOCIAL ENVIRONMENT OF MANAGEMENT?

DEFINE INDIVIDUAL ETHICS AND MANAGERIAL ETHICS.

WHAT ARE THE ETHICAL ISSUES IN INFORMATION TECHNOLOGY, GIVE EXAMPLES.

WHAT IS SOCIAL RESPONSIBILITY, GIVE AN EXAMPLE.

Answer 1

The ethical and social environment of management is the guiding standard or principle which sets the boundary of ethics and social norms under which the organization has to perform its business activity. The management of the organization is made accountable and responsible for managing the business activity in way that complies with the ethical and socially accepted norms. The pursuit of creating the economic value can not ignore the obligation to create the social value.

Individual ethics: Individual ethics is our frame of mind or belive about our behavior, actions, or decisions we take in the context of socially accepted norms and we firm our belief on what is right or wrong. Such beliefs are personal and apply to the individual.

Managerial ethics:  In any organization, there is a triad of the relationship between employees, organizations, and to the external partners or environment. While conducting the actions of the business as a manager, A manager needs to make a decision that is ethical under the socially accepted business norms or standards. The manager needs to think about his actions with respect to employee, organization, and external partners. They must comply with the organization's ethical framework or defined policy.

The ethical issues in IT are mostly related to security, access, and sharing control of the important data and especially data that is private. Data Privacy is the biggest challenge in terms of ethics in information technology which has got a wide network of online data sharing.

Social responsibility is the duty of individual or organization towards society to make society a better place to live. In order to make society more livable for everyone and creating shared value for society, everyone has to play their part for it under the purview of social responsibility. For example, an organization promoting and helping the government or any NGOs (Nongovernmental organizations) for child education is doing their part of social responsibility. It can also be considered as an obligation to perform such duty to make society a better place because the organization performs its activities within societal boundaries.