example has provided. - _________________________________________________________________________PROFESSIONAL ETHICS(business &...

Professional Ethics (Business & Management)
Evaluation and Analysis of Real Ethical Problem in Management
Introduction
As business operations of any kind have influential impact on the co
esponding environment
and social concerns, thus ethics play integral role in maintaining the balance between the social
welfare and organizational growth. Importance of ethical approach can be easily measured
through evaluation of its impact on the co
esponding natural environment and organization‟s
stakeholders like customers, employees and community. Ethical approach in operation of
usiness is appreciated because of its significant influence on natural environment and
stakeholder‟s value. Implementation of ethical code of conduct within organization helps in
improving the business performance of the organization and has direct influential impact on the
organization‟s bottom line.
Considering such influential impact of the ethical standards on the business operation and
performance a comprehensive analysis of real ethical problem is required to be made and
attempts are made to find out the suitable analytical approach to sort out the identified ethical
problem in most effective manner. In this regard real world scenario of ethical issues faced by
managers in sports industry has been considered and analyzed in detail. On basis of the
evaluation of different aspects of these ethical issues in sports industry, specific problem solving
approach and analytical model should be presented to ascertain the ethical measures to overcome
the ethical operational issues.
Further parts of the paper will cover the
ief review of the background of ethical issues
confronted by managers of sports industry, its classification as an ethical problem in
management, analysis of the identified problem using different analytical methods, suggestion of
feasible alternatives to solve the ethical problem
Background of the ethical problem
In consideration to the various business operation performed in specific industries and its
influential impact on the environment and society, ethical policies proves to be detrimental in
such scenario of stiff competition. In order to ascertain the ethical problems being confronted by
the managers of sports industry it is necessary that comprehensive background of industry should
e ascertained and various operational aspects should be scrutinized. As a sports manager also
have to take day to day decisions and have to comply with different aspects of sports industry
like professionalism, management of legal issues, equity maintenance, team ownership and
personnel related issues, responsibilities associated with the management of professional team
franchises, and assurance of social justice being associated with different level of sports
(DeSensi and Rosenberg, 1996).
In consideration to such scenarios of operational aspects importance of ethical decision
making has gained higher expectancy and comprehensive implementation approach. Just like
other people this industry people are also expected to follow the standards of morality and give
preference to the establishment of value based system which adhere with rightness and
wrongness concepts of ethical behavior. Sports industry people, generally termed as sports
manager should also have to undergo with situation of ethical decision making thus adherence to
ethical standards and inclusion of ethical values and rightness or wrongness approach will appear
to be detrimental in overall strategic decision making of the sports managers. (Branvold, 1994)
Industry Background Review
Sports industry is under the expansion stage and has witnessed tremendous changes
within the established segments of the specific industry. Thus considering the extended growth
of the industry, this expansion has created unique and diverse ethical issues at front of the people
and organizations being operational in this industry. Ethical decision making has not only
ecame the part of conventional sports forms but also became the integral part of emerging or
established segments of the sports industry and helped in formulation and establishment of
ethical standards. As sports industry has grown in terms of their operational and functional
scope, thus there also existed significant shift in terms of approach of doing business, as more
explicit profit-oriented approach has been adopted by the organizations operating in sports
industry.
With this shift in operational and functional scope of sports organization there accrued
different kind of problems related to the new and varied ethical consideration to the people
working in the sports industry. Some of the specific ethical issues which are faced by sports
managers in various sports industry segments can be specified as: like professionalism,
management of legal issues, equity maintenance, team ownership and personnel related issues,
esponsibilities associated with the management of professional team franchises, and assurance
of social justice being associated with different level of sports etc. Effective adherence with the
ethical standards of these aspects of sports industry operations will help in development of
ethical system of operation within sports industry.
In order to understand the specific ethical problem of overall sports industry it is
necessary to understand the different kinds of segments of sports industry. On basis of its
characteristic differences overall industry can be segregated in five major segments being known
as:
Professional Sports: Under this sports segments there comes specific major and minor team
sports leagues which are involved in sports activities of different kind like Midwest League and
Carolina League for baseball, East Coast Hockey League and International Hockey League for
Hockey etc. It also includes individual sports such as International Boxing Federation (IBF),
Professional Golf Association (PGA), Professional Bowlers Association (PBA), etc. (Lumpkin,
Stoll and Beller, 1994)
College Sports: These type of sports are performed at college level under the supervision of
institutional bodies like The National Collegiate Athletic Association (NCAA), Canadian
Interuniversity Athletics Union (CIAU), and the National Association of Intercollegiate Athletics
(NAIA) etc. Most prefe
ed sports by the universities under this category are the football and...