Accountable Managerial Ethics
Parikalpana: KIIT Journal of Managemnt [Vol.12-I, 2016] ISSN - 0974 2808
4 Pages Posted: 5 Apr 2016
Date Written: February 2, 2016
Since ages or centuries, we have enough examples of unethical practices some people/party, where other parties get affected, at least to some extent. Sometimes bribe giver and receiver do the act with ‘mutual agreement/consent’ and they justify the ‘act’. They accept the ‘act’ as harmless or ‘lesser-evil’. Even one party goes to the extent of justifying it as ‘unavoidable’ (lesser-evil). But as we take impartial view of such act, in most of such cases, some other party is directly/indirectly affected or hurt. Getting a deal/contract signed/granted, we hear of some undue ‘favour’ being made/shown. Ministers/officers accepting ‘favours’ (like using chartered flights or air-travel offers) from business houses, for their personal/ family work is a common incident these days. Though it appears to be ‘harmless’ or even ‘lesser evil’ at that very point of time, there is surely expectations of return ‘favour’ for those very ‘harmless’ favours. When we look back to the history of systematic (academic) study or research on this grave issue, affecting our society since many centuries, ‘Business Ethics’ came as an independent subject of formal/serious research only after 1970’s. It now attracts much more attention of researchers, these days. There are many notable findings, which tries establish the ‘necessity’ of practicing ‘ethical practices’ by business-houses, for their very own existence and long run sustainable business. It is beyond the scope of this paper to enlist exhaustively all such notable research. But Reidenbach’ work is one worth discussing now, in this paper.
Keywords: Business ethics, Reidenbach-model
JEL Classification: L51, L52, P20, M20, L20
Suggested Citation: Suggested Citation