Question

Difference between ethical management and management of ethics

Answer 1

Answer:

In contrast, ethical management is about how individual managers behave with integrity, how they may set a personal example, and how they treat others both within and without their own organizations. ... Rather, ethical management is where ethics is practiced.

Answer 2

Difference between ethical management and management of ethics:

Ethical management:

• Ethical management refers to the fundamental principles that should be followed by the corporations.

• It should be complied within the corporation’s relationships with customers, employers, suppliers and shareholders.

• Ethics are the principles or moral codes that are followed by an individual or by a group of people.

• It defines the right and wrong conduct. It includes professional ethics, social ethics, personal ethics, and normative ethics.

Management of ethics:

• Management of ethics states the ethical treatment of the company towards the employees and stakeholders.

• It includes creating a trustworthy environment, code of conduct and open communication.

• Management ethics protects an individual from the negative consequences of managerial acts.

• Ethics in management helps to ensure ethical, legal, environmental responsibilities of the corporations.

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