Modern Management: concepts and skills, 14/e

Managers and Ethics

The study of ethics in management can be approached from many different directions. Perhaps the most practical approach is to view ethics as catalyzing managers to take socially responsible actions. The movement to include the study of ethics as a critical part of management education began in the 1970s, grew significantly in the 1980s, and is expected to continue growing in the twenty-first century. John Shad, chair of the Securities and Exchange Commission during the 1980s, when Wall Street was shaken by a number of insider trading scandals, recently pledged a $20 million trust fund to the Harvard Business School to create a curriculum in business ethics for MBA students. Television producer Norman Lear gave $1 million ...