Moving towards Responsible Management The current notion of responsible management concerns balancing the interests of the organization, the people, and the environment such that organizations, people, and environment prosper for the benefit of todays and future generations. Responsible management is important for both profit and non-profit organizations. Times are quickly changing and the trend is not likely to slow down. Responsible management has become crucial than ever. Businesses pay attention to issues of responsible management to ensure that they undertake right decisions to improve the outcome in a morally sense manner.
A critical component of any business entails fostering a good working relationship with stakeholders and the environment. Managing stakeholders has long been the subject of corporate critics on organizations. This paper reviews Mitchell White’s article on responsible management. It explores why organizations should adopt responsible management and keep up with the changing times in the business environment. White’s article provides a brief synopsis of the methodologies of responsible management in a changing business environment. The article sums up issues of sustainability, equality management, and responsibility within organizations. The article discusses common misconceptions about responsible management.
It further explains the benefits of responsible management to the different stakeholders of the organization. The article proposes different tools that can help managers in making appropriate decisions to ensure responsible management. Organizations experience pressure to manage responsibly from different stakeholders. Stakeholders can affect company activities. Similarly, the company can also affect the welfare of stakeholders. Stakeholders care about the impacts of the organization on others, on themselves, and on society. White discusses how responsible management is crucial in maintaining a good relationship between the organization and its stakeholders.
He postulates techniques on how to build trust with stakeholders, ease potential criticism, and reduce negative effects on the organization. The article posits that responsible management is all about maintaining good relationships and managing company impacts. White’s approach to responsible management disregards any existence of an organization where all members are perfect. It is on this premise that white proposes all organizations to adopt responsible management, which he says, “can be difficult but not impossible. ” White says that abiding to the law is not enough. Responsible management goes beyond the law to achieve morally accepted behaviors. Responsible management does not only improve the organization’s stature in the industry but it also benefits the stakeholders.
Proper implementation of responsible management leads to a win-win situation for both the organization and its stakeholders. Some of the benefits of responsible management include employee motivation, customer goodwill, loyalty, and credibility. An organization stands to gain a lot by investing on responsible management. Organizations must develop a strategy on how to implement responsible management. It takes many resources to operationalize responsible management. The strategy should include guidelines on decision making to avoid facing difficult ethical dilemmas.
There is need for organizations to establish appropriate channels through which it can implement responsible management. All members of the organization should be involved and appropriate corrective measures should help streamline any difficulties or ethical dilemmas to ensure responsible management. Top leaders can compel members to adhere to the responsible management programs by exercising authority and powers. Some of the common ways organizations use to address responsible management include establishing ethics committees and training officers to oversee and resolve any dilemmas. In conclusion, the article gives an insight into the balancing act that managers must employ to ensure the company relates well with its stakeholders.
In essence, application of different approaches enables organizations’ value and ethics based development towards responsible management that signifies commitment to reduce organization’s impacts. Many people analyze management of organizations based on quality of the products and services offered. However, this article gives another dimension to management of organizations. It focuses on balancing between appropriate quality management while at the same time ensuring proper management of stakeholder interests.
The traditional view on management of organization centers around corporate social responsibility that entails activities associated with volunteerism and philanthropy. This article takes corporate citizenship as a core part of an organization’s business model. It broadens the traditional view on management to encompass management of stakeholder relationships and the organization’s impact on stakeholders. Therefore, individuals should view management and organizations on the basis the nature and effects of the organization’s activities to the natural environment and all stakeholders. Appendix Ethical & Responsible Management By Mitchell White Ethical and responsible management is important for both non-profit and for-profit organizations, especially in times of change.
Times are rapidly changing and this is not likely to slow down; business ethics are more crucial than ever. Attention to ethical and responsible management can ensure that a business does the right thing to not only improve the bottom line, but in a moral sense as well. Addressing Common Misconceptions Ethical and responsible management is necessary even if you consider all members of your organization unusually ethical, because nobody is perfect. Business ethics can be difficult to manage, but not impossible.
In addition, morality does not equal legality. Optimal business ethics go beyond the law in striving for moral behavior. Benefits Ethical and responsible management is practical management. Ethics in business obviously can avoid legal trouble, and it can improve the lives of you, your organizations stakeholders, and society. It also boosts employee morale. Additionally, moral behavior promotes powerful customer good will, credibility, and loyalty. Doing the right thing is the best way to avoid the guilt of doing otherwise. Guidelines Managing ethics takes time and effort. It focuses on ethical behavior, not merely ethical attitudes.
Avoid dealing with difficult ethical dilemmas by preventing them in the first place. Make decisions on ethical and responsible management collectively. Include all segments of the organization. Be prepared to make mistakes, learn from them, and move on. Tools Ethical and responsible management requires the support of all members of an organization, especially those at the top. Use the CEO and other top leaders power and authority to back business ethics programs. Having dedicated ethics committees and organization officers that build, oversee training and resolve ethical dilemmas are common ways to address business ethics. Work Cited White, Mitchell.
"Ethical & Responsible Management. " eHow. Demand Media, 13 Sept. 2014. Web. 18 Oct. 2014..