Published by:
Harvard Business Publishing
Length: 6 pages
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Abstract
Business ethics is a challenge with three parts: 1) developing managers as moral individuals; 2) building an environment in which standards and values are central to the company''s strategy, just as economic purpose is; and 3) formulating and implementing policies that support ethical performance--as well as safeguards to assure they are observed. The essence of management responsibility is to make decisions when there are no clear choices or absolute answers.
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Abstract
Business ethics is a challenge with three parts: 1) developing managers as moral individuals; 2) building an environment in which standards and values are central to the company''s strategy, just as economic purpose is; and 3) formulating and implementing policies that support ethical performance--as well as safeguards to assure they are observed. The essence of management responsibility is to make decisions when there are no clear choices or absolute answers.