Ethics and Compliance in Action

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Univesity of Nairobi *

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74

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Management

Date

Nov 24, 2024

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docx

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4

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1 Ethics and Compliance in Action Student’s Name Institutional Affiliation Course Number and Name Instructor’s Name Assignment Due Date
2 Ethics and Compliance in Action Page 120-122 The significance of promoting ethical behavior inside a company is emphasized in this Ethics and Compliance in Action item. When a manager observes a team member operating morally in an environment where others could be inclined to act unethically, the management should recognize and commend the staff member (Prenkert et al., 2022). By doing this, the manager not only expresses gratitude but also upholds the moral principles of the company. Managers may encourage staff to behave ethically by praising them and finding ways to reinforce them. For instance, an ethical manager would applaud a staff member’s honesty and even add a recognition note in their job file if they reported a supplier’s attempt at bribery. This praise recognizes the person’s deeds and serves as an example for others inside the company. The item also recommends that management set up a system for workers to report unethical behavior among the personnel. Whistleblowing, frequently perceived as disloyalty by some, can instead be reframed as essential for preserving the firm’s reputation and decision-making procedures. Finding unethical choices is essential for avoiding bad choices and reducing damage to company revenues (Prenkert et al., 2022). Witch hunts should be avoided, but obtaining proof of purported unethical activity enables management to look into and correct harmful behavior in the company. The need to not encourage or tolerate unethical behavior is also underlined. Ignoring inappropriate conduct is unacceptable while managing a workforce, just as it is when raising children. The behaviors of unethical employees must be corrected, and ethical leaders must not tolerate unethical words. Managers can convey strongly that the company does not support unlawful or unethical behavior by immediately responding to proposals or unethical remarks (Prenkert et al., 2022). Organizations may create a culture where ethical standards
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