Final answer:
Ethics play a greater role in management decision-making due to increased societal responsibility, scrutiny of corporate conduct, emerging technological challenges, and philosophical views on ethics as human constructs. Corporate responsibility and ethical standards are essential for trust and success.
Step-by-step explanation:
There are several reasons why ethics is becoming a greater force in management decision-making. Firstly, businesses are increasingly recognizing their broad societal responsibilities, including social, economic, and environmental impacts. Parallel to this is the rise of the information age, where the conduct of firms and their interactions with employees and shareholders is under greater scrutiny, necessitating transparent and ethical practices.
Corporate responsibility is central to modern ethical discussions, as multinational corporations wield significant power. The relationships and moral obligations between these corporations and their various stakeholders, including employees, customers, and the environment, are fundamental areas of focus in business ethics.