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1 Ethics The ethical approach is the key concept of effective long term organizational and business performance. Ethics in management is concerned with those parts of organizational, operational, occupational and professional conduct that relate to absolute standards and moral principles that exist in all situations. In other words it is based on absolute judgment that is placed on all activities. Organizations must structure decision making processes in ways that consider the range and legitimacy of ethical pressures. An ethical assessment will consider the position of the stuff, the nature and interrelationship of activities, product and service ranges, mixes and balances, relationships with the community and the environment Ethical issues concerning business and public sector organizations exist at three levels, namely macro, corporate and individual levels. At the macro level there are issues about the role of the business in the national and international organization of society. At the corporate level the...

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