What is the primary function of ethics in management?

The primary function of ethics in management is to establish principles for acceptable behavior and decision-making. Ethics serve as a framework that guides managers and employees in navigating complex situations and making choices that are aligned with the values and integrity of the organization. By doing so, ethics promote accountability, foster trust among stakeholders, and help create a positive organizational culture.

Within the context of management, ethical principles can influence various areas such as leadership, conflict resolution, and corporate social responsibility. When ethical considerations are integrated into decision-making processes, they encourage managers to weigh the potential impact of their choices on employees, customers, and the community, ultimately leading to more sustainable business practices.

The other options, while important in their own right, do not capture the essence of what ethics represents in a management context. For instance, providing financial guidelines pertains more to financial management than to ethical behavior. Determining revenue goals is a strategic and financial focus that does not inherently involve ethical considerations. Lastly, focusing on marketing strategies is specific to promoting products or services and does not address the ethical principles necessary for guiding behavior within the organization.