Organizations often reflect one of three ethical climates when resolving moral quandaries which are <u>quality-of-life management, profit-maximizing, and trusteeship.</u>
<h3>What are the three ethical climates in an organization?</h3>
An organization's or business's ethical environment can be described as a collection of common conceptions of the formal and informal rules and regulations that influence expectations for ethical behavior.
The expression "quality of work life" refers to a person's perceptions of all aspects of work, including financial compensation and benefits, job security, working conditions, interpersonal and organizational relationships, and the intrinsic value of the work in the person's life.
The Moral Case for Profit Maximization contends that when entrepreneurs want to maximize profits by producing items or services with a high perceived value, they are acting morally. Profit maximization has typically been supported on the basis of economics.
Trusteeship is a socioeconomic ideology that established a mechanism for the wealthy to serve as the trustees of the trust responsible for ensuring the well-being of the populace as a whole. Trusteeship offers a way to shift society's existing capitalist structure into an egalitarian one.
Therefore, three ethical climates are:
a) Quality of life management
b) Profit_maximizing
c) Trusteeship
Check the link below to learn about the organization's ethical climate;
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