A company that expects its managers to behave ethically to the degree that they stay within the law is acting with a(n) _____ approach.
Question
A company that expects its managers to behave ethically to the degree that they stay within the law is acting with a(n) _____ approach.
Solution
A company that expects its managers to behave ethically to the degree that they stay within the law is acting with a legalistic approach.
This approach emphasizes compliance with laws and regulations as the primary standard for ethical behavior. In essence, the company focuses on adhering to legal requirements rather than adopting a broader vision of ethical conduct that might include principles such as fairness, transparency, and social responsibility.
Legalistic ethics can sometimes create a minimalistic attitude towards ethical behavior, where the primary goal is to avoid legal repercussions rather than to foster genuine ethical considerations. While it's essential for companies to comply with laws, a more robust ethical framework can lead to long-term sustainability and a positive reputation, as it encourages behaviors that are not only lawful but also morally sound.
In summary, the legalistic approach may safeguard against legal issues, but organizations can benefit from cultivating a culture that promotes ethical behavior beyond mere compliance with laws.
Similar Questions
Selecting your management approach based on the situation and the people involved is applying __________
Good corporate governance involves a __________ to run businesses in a legal manner.a.decisionb.requirementc.commitmentd.plan
Managerial ethics is related to which of the following?Question 3Select one:a.shareholder wealthb.righteousnessc.bureaucracyd.honor
Which among the following is not the scope of Ethics?a.Behavioral issuesb.Systematic issuesc.Individual issuesd.Corporate issues
True or false: Any action taken by a manager that is within the bounds of the law is, by definition, an ethical action.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.