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Ethics of Management

In: Ethics, Morality and Business: The Development of Modern Economic Systems, Volume II

Author

Listed:
  • Dipak Basu

    (Nagasaki University)

  • Victoria Miroshnik

    (Reitaku University)

Abstract

Moral norms create an important economic resource, called “social capital,” denoting intangible resources that can be sustained via social relationships. Such moral norms include: (a) a commitment to honor contracts; (b) relationships, inside and between organizations, built on loyalty, and harmony with friendship, reciprocity, and cooperation; (c) compliance to the law. Ethical climate, therefore, influences members of the organization what they can do on the treatment of other members. Climate types represent the perceived norms of an organization based on ethics. These perceived norms have their origin in the socialization process within the organization.

Suggested Citation

  • Dipak Basu & Victoria Miroshnik, 2021. "Ethics of Management," Springer Books, in: Ethics, Morality and Business: The Development of Modern Economic Systems, Volume II, chapter 0, pages 1-27, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-68067-1_1
    DOI: 10.1007/978-3-030-68067-1_1
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