As a manager, my aim will be to serve the interests of the public by making the organization an attractive place in society. I believe that sustainable value will be created when the organization will produce environmental, social and economical output that should be greater than the opportunity cost. I, therefore, believe that in fulfilling my responsibility:
I recognize that the organization is a culmination of many interested parties whose interests may vary. I will try to balance and reconcile these parties by seeking a course that will enhance the value of my organization over the long-term. These will involve such actions like discontinuation or restructuring the organization with an aim of increasing its value.
I pledge that the interests of the organization will supersede personal considerations and not the other way. Although an important engine of a capitalist state, I believe that pursuit of personal interests and greed will be detrimental to the well-being of the organization. As such, I will at all costs guard against such behaviors and decisions that may advance my own ambitions and destroy the organization that I will be overseeing and all its interested parties.
I promise to uphold in letter and spirit of the contract that governs my organization and all its interested parties. I promise that my behavior will be consistent with the values that the organization espouses and be an example to the rest of the staff. I promise to be heedful to ensure that other employees show integrity and ensure that everybody does not violate the shared professional code of conduct.
I vow to represent the organization’s performance correctly and truthfully in a transparent manner to all the parties concerned. I will ensure that consumers, investors and the public make well-informed decisions from accurate financial representation. My aim will be to help interested parties understand how the organization’s reporting can help them make informed and unbiased decisions.
I will not allow sex, social status, religion, race, gender, politics or nationality influence my choices. I will protect the interests of those perceived to be weak and those, whose well-being will be subject to my decisions.
I promise to manage the organization in a mindful, diligent and thorough manner by applying judgment that is based on my best knowledge of the subject matter. I will endeavo to always consult other stakeholders who can offer informed choices. I promise to invest in staying alongside each other, especially in the evolving world of business while I remain open to innovations. I will do everything I can to improve myself while I develop the next generation of mangers to ensure that they not only contribute to society’s well being but that the profession continues.
I recognize that my importance and all the reimbursements are the result of the trust and honor that I enjoy. I, therefore, accept the responsibilities that come with protecting, embodying and developing the organization to augment honor and respect for the profession (Khurana and Noharia, 2008).
A reflection regarding the factors that were considered when creating the oath
It is now well-documented that changes in manager’s legitimacy over the past few years have resulted in a widespread institutional breakdown. In order to regain the trust of the society we work in, we need to embrace a way of looking manager’s roles beyond their responsibility. This is to ensure that managers include a personal commitment to their task of safeguarding an organization’s assets and liabilities. The oath has received support from Rakesh Khurana and Nitin Nohria (2008), who argued that, like all other professions, law and medicine, management should be turned to answering a business crisis. They, however, assert that although the oath may motivate new managers not to do harm to the organization, validity of a person is considered to be deeper than just the oath.
In creating the oath, I considered that the oath can affix a symbolic meaning to starting a new passage; that of management. I concur with the above professors that as an MBA is a professional license to start practicing management, the Hippocratic Oath will be good, especially as the movement goes beyond the classroom. There is no demand from stakeholders that mandates managers to have licenses to be fixed on their walls that affirms managers’ oath not to do harm. Furthermore, there are no relevant bodies or, say, a regulatory body that monitors fair practice on the part of the manager and thus the oath is aimed at protecting the organization from ‘greedy’ managers. The oath, therefore, is aimed at helping the manager to achieve the goals of the organization within the rule of law, in a fair play manner and within good governance of the organization (Klemper, 2010).
We should have professionall codes of conduct which ought to be part of manager’s education. The goal to maximize shareholder value is one of the justifications to write the above oath. It will help in personal enrichment and will assist a manager to drive the share price quickly. The argument is that stakeholders will likely earn better returns if an organization is led by a manager with integrity, and whose desire will be to have a constructive role in the society. I believe the oath is one good way of challenging unethical behavior for new managers in their new jobs. The oath will also guide in recruitment purposes such that only effective, eligible and effective employees are recruited basing not on their sexual orientation, race or religious affiliation (Klemper, 2010). The oath is, thus, aimed at curbing misconduct arising from immoral behaviors and other actions that may be in the interest on the manger instead of the organization.
The current economy we are in, where businesses, government and society are independent requires that we have effective managers running company’s assets and liabilities, while ensuring a holistic balance for the organization’s development for the well-being of all interested parties. The oath is thus structured in a way that ensures managers will steer the organization towards achieving results in an effective way so that they are not expelled by the owners or consumers. The oath is thus to ‘make’ an effective manager, who will be able to embrace the prospects of responsibility of managing risk for a very wide society that may have varying interests. In the dawn of this new era characterized by globalization, managers operate in an environment characterized as being dependent on the organization’s sustainability (Klemper, 2010).
I, therefore, believe that the oath needs be taken at the start of managerial duties, but most important thing is in the manager’s heart, as the morality of the market that an organization operates in, depends on the morality of the manger. It should be noted that the Hippocratic Oath is not the only way of articulating professional services ideology, but also a powerful tool that helps new managers adhere to the rules and regulations of the organization while ensuring that they do not cause any harm. By publicly declaring the above commitments and reiterating the principles, it will be hard to ignore one’s responsibilities as a manger. The oath is effective in shaping conversations while molding values that were learned in school.