Introduction

Lesson 66/67 | Study Time: Min


Introduction to Managing and Governing Ethically:


In today's rapidly evolving and interconnected world, the ethical dimensions of management and governance have become increasingly critical. Organizations are not only expected to deliver financial performance but are also held accountable for their impact on society, the environment, and various stakeholders. Ethical management and governance involve making decisions and implementing practices that align with moral principles, social responsibility, and legal standards.


Ethics in management and governance go beyond mere compliance with regulations; they encompass a commitment to transparency, fairness, and accountability. This ethical dimension is integral to building trust with stakeholders, including customers, employees, investors, and the broader community. A failure to uphold ethical standards can lead to reputational damage, legal consequences, and long-term sustainability challenges for organizations.


Key Principles of Ethical Management and Governance:


Integrity and Honesty: Upholding the highest standards of integrity and honesty is fundamental to ethical management. This includes transparent communication, truthful reporting, and a commitment to avoiding deceptive practices.


Stakeholder Inclusivity: Ethical organizations recognize the diverse needs and interests of their stakeholders. This involves engaging with employees, customers, suppliers, and the community to understand and address their concerns, ensuring a balanced and inclusive decision-making process.


Corporate Social Responsibility (CSR): Ethical management involves a proactive commitment to corporate social responsibility. This goes beyond profit maximization to consider the environmental, social, and economic impacts of business activities. CSR initiatives can include sustainable practices, community engagement, and philanthropy.


Compliance with Laws and Regulations: Ethical organizations operate within the framework of applicable laws and regulations. This includes a commitment to understanding and adhering to legal standards in every aspect of business operations.


Ethical Leadership: Leadership plays a crucial role in setting the ethical tone of an organization. Ethical leaders lead by example, promoting a culture of trust, fairness, and accountability. They foster an environment where employees feel empowered to voice concerns without fear of retaliation.


Continuous Learning and Improvement: Ethical management is not static; it requires a commitment to continuous learning and improvement. Organizations should regularly review and update their ethical policies and practices to adapt to changing societal expectations and emerging ethical challenges.


Challenges in Managing and Governing Ethically:


Despite the importance of ethical management and governance, organizations face various challenges in navigating the ethical landscape. These challenges may include conflicting interests, pressure to prioritize short-term financial gains over long-term sustainability, and the complexities of operating in diverse cultural and regulatory environments.


In this evolving landscape, staying ahead of ethical challenges requires vigilance, adaptability, and a proactive approach. This involves fostering a culture of ethics throughout the organization, from the boardroom to the front lines, and integrating ethical considerations into strategic decision-making processes.


In conclusion, managing and governing ethically is not just a moral imperative; it is a strategic necessity for organizations seeking long-term success and societal impact. This series will delve into the key aspects of ethical management and governance, providing insights and practical guidance for organizations striving to uphold the highest ethical standards in their operations.


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1- Introduction 2- Understand environmental forces impacting organizations: Analyze key internal and external forces. 3- Describe the changing nature of HRM in response to environmental forces. 4- Explain the impact of globalisation and international forces on HR strategies and practices. 5- Explain the impact of demographical, social & technological trends on HR strategies and practices. 6- Explain the impact of government policy and legal regulation on HR strategies and practices. 7- Explain strategic contexts and terminology. 8- Carry out stakeholder analysis and environmental audit. 9- Identify the role of HR professionals in strategic planning. 10- Identify a range of organizational contexts. 11- Evaluate the application of an HR function in an organizational context in achieving set goals and objectives. 12- Introduction 13- Understand HR strategy development: Describe different approaches in developing HR strategy. 14- Identify links between HR strategy and organizational performance. 15- Identify the role of different concepts in creating high performing organizations. 16- Understand the nature of leadership: Identify the nature and approaches to the study of leadership. 17- Explain the significance of the leadership role in creating and sustaining high performing organizations. 18- Evaluate the contribution of HRM and HRD functions: Identify the aims, objectives, and practices of HRM and HRD. 19- Understand organizational dynamics. 20- Formulate strategies in different functions of HR Management and Development. 21- Promote professionalism and ethical approach to HRM and HRD practice: Describe the changing role of HR function in an organization. 22- Introduction 23- Contextual and environmental themes and trends: Explain relevant themes and trends in employee resourcing and talent management. 24- Strategic significance: Explain the importance of employee resourcing and talent management in achieving organizational goals. 25- Employment market variations: Explain how employment markets differ and the implications for organizations. 26- Long and short-term resourcing and talent planning: Propose methods for effective planning in both the long and short term. 27- Human Resource Planning Process: Explain the process of human resource planning. 28- Professional functions: Understand the various functions associated with talent and succession planning. 29- Theoretical perspective of learning and talent development: Explain the theoretical basis of learning and talent development. 30- Process and practices of learning and talent development: Understand the process and practices involved in learning and talent development. 31- Analyze the environmental context: Analyze the external factors influencing employee resourcing and talent management. 32- Evaluate learning and talent development: Assess the effectiveness of learning and talent development strategies. 33- Introduction 34- Understand linkages between performance, HR practices, and organizational performance: Identify linkages between HR practices and organizational performance. 35- Identify barriers and blockages to expected performance standards: Identify expected performance standards and barriers. 36- Analyze key HR and employment practices influencing employee performance. 37- Understand linkages between performance, HR practices, and organizational performance: Identify linkages between HR practices and organizational performance. 38- Introduction 39- Understand employee relations theoretical perspectives: Explain different theories and models related to employee relations. 40- Assess impact of environmental factors on employee relations: Analyze how external factors such as economic, social, and technological. 41- Explain the role of employment law: Understand the legal framework that governs employee relations and the rights and responsibilities of both employee. 42- Explain the role of government in employee relations: Understand how government policies and regulations influence employee relations. 43- Assess how changes in trade unionism have affected employee relations. 44- Explain the role of management in employee relations within an organization. 45- Evaluate the integration of employment relations processes and their impact on organizational outcomes. 46- Explain the concept of employee participation and involvement in the decision-making process. 47- Introduction 48- Identify suitable business issue: Choose a relevant topic for the project. 49- Analyze existing literature and HR policies: Review relevant literature and contemporary HR practices related to the chosen issue. 50- Set coherent aims and objectives: Define clear goals and justify the research methods to be used. 51- Select appropriate research method: Determine the most suitable research method for the chosen topic. 52- Undertake systematic analysis: Analyze quantitative and/or qualitative information and interpret the findings. 53- Formulate conclusions and recommendations: Develop conclusions and recommendations for improvement or development. 54- Develop persuasive business report: Create a logical and clear written argument consistent with the chosen discipline's traditions for senior management. 55- Write reflective account: Reflect on what has been learned during the project and how it can be applied in the future. 56- Introduction 57- Introduction and Background: Provide an overview of the situation, identify the organization, core business, and initial problem/opportunity. 58- Consultancy Process: Describe the process of consultancy development, including literature review, contracting with the client, research methods. 59- Literature Review: Define key concepts and theories, present models/frameworks, and critically analyze and evaluate literature. 60- Contracting with the Client: Identify client wants/needs, define consultant-client relationship, and articulate value exchange principles. 61- Research Methods: Identify and evaluate selected research methods for investigating problems/opportunity and collecting data. 62- Planning and Implementation: Demonstrate skills as a designer and implementer of an effective consulting initiative, provide evidence. 63- Principal Findings and Recommendations: Critically analyze data collected from consultancy process, translate into compact and informative package. 64- Conclusion and Reflection: Provide overall conclusion to consultancy project, reflect on what was learned about consultancy, managing the consulting. 65- Understand how to apply solutions to organisational change. 66- Introduction 67- Introduction
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