5-9 Why behave ethically? o Managers should behave ethically to avoid harming others. Managers are responsible for protecting and nurturing resources in their charge uNethical managers run the risk for loss of reputation This is a valuable asset to any manager Reputation is critical to long term management success All stakeholders are judged by reputation " win/MeGraw-HHill CThe McGraw-Hill Companies, Inc, 2000Irwin/McGraw-Hill ©The McGraw-Hill Companies, Inc., 2000 5-9 Why Behave Ethically? ⚫Managers should behave ethically to avoid harming others. ◼ Managers are responsible for protecting and nurturing resources in their charge. ⚫Unethical managers run the risk for loss of reputation. ◼ This is a valuable asset to any manager! ◼ Reputation is critical to long term management success. ◼ All stakeholders are judged by reputation