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Article

Open Access

Managerial Ethics—A Tool for Social Crises

Author(s)

Zdenek Dytrt, Lucie Tomancová

Full-Text PDF Download XML 491 Views

DOI:10.17265/2328-7144/2018.05.006

Affiliation(s)

Tomas Bata University in Zlín, Zlín, Czech Republic

ABSTRACT

Social progress is constantly influenced by corruption and clientelism. One of the major causes is slow activity from experts on theoretical and practical management. In their decisions, they are not sufficiently ready to react to dynamism of innovations in technical disciplines and current theory and practice in management. Contemporary philosophy of management is based on maximising quantity, expecting to deal with quality in due course. Management is focused on quantitative values and disregards the significance of the unity between quantity and quality. This leads to lack of transparency within management and uncertain efficiency of the decision-making process. Disintegration affects the cooperation between individual production and administration branches. The academic world sees ethics more as a theoretical discipline connected with social sciences. Many companies, however, have begun to realise the need for innovation as part of successful long-term enterprising and creating ethical relationships inside and outside the company. Corruption scandals and increasing economic crime show that it is counterproductive to advance business environment without adhering to moral and ethical principles.

KEYWORDS

managerial ethics, quantitative and qualitative management, consumerism, innovation, clientelism, corruption

Cite this paper

Economics World, Sep.-Oct. 2018, Vol. 6, No. 5, 390-400 doi: 10.17265/2328-7144/2018.05.006

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