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  1. Defining ethics.
  2. The evolution of the corporate cocial contract.
  3. The Evolution of ethics in management.
  4. The call for responsible leadership.
  5. Making ethical codes work.
  6. Conclusion.

Now it is common knowledge that ethics and management go hand in hand. Through ethics, management is made more human. Although in the advent of management during the time of this is truly not the mindset. The focus was on production and output. The main concern regarding people is how to make sure that the workers are able to sustain the product or service demand?regardless of the means by which this was achieved. Nowadays, corporate ethics go beyond simply making sure that the employees are given what is due to them, the whole business environment should be created with ?virtues and values? for the ?good of all? (Flynn 360). This implies that all activities and transactions must be within the context of corporate and common ethics. Some authors even say that ?good ethics is good business? (Joyner & Payne 297). From this statement, one may deduce that good ethics is a requirement for a business to be considered good or successful.

[...] The Evolution of Ethics in Management Through there are many literature involving ethical themes in management, it was Chester Barnard's The Functions of the Executive that remains to be enduring. Published in 1938, Barnard was years beyond his time when he spoke of the need to analyze elements in the company's environment prior to making business decisions. Among these elements, Barnard included he legal, moral, and social factors. Barnard also points out the importance of a leader who should possess qualities like good morals. [...]

[...] The industrial organization approach to the evolution of the corporate social contract consists of four phases. In the 1700s, when the earliest industries were created, it was the sole-proprietor who was in-charge. According to Adam Smith, it was the self-interests of this sole proprietor which ?leads him to prefer that employment of (capital) which is most advantageous to society? (Brooks 117). This is the first phase; where the invisible hand ensures that the business functions to the best interest of its immediate community. [...]

[...] Since all these so-called monumental books on business ethics and corporate values were published, various studies and literature have supported the virtues of having a moral backbone in business endeavors. Solomon in attributes the increasing popularity of corporate ethics to three reasons: the public expects more from companies, especially from American businesses which have achieved great success over the past decades; the public expects more from the so-called nobility or the privilege class; and with several government functions privatized, the private sector has more power than ever and must use this power wisely. [...]

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