Every person in business occupies a role. Thus, to be purchasing agent or a personnel director or an internal auditor is to occupy a role. In occupying a role, a person assumes certain rights that are not held by everyone as well as certain role specific obligations.

A role is a structured set of relationships with accompanying rights and obligations. To be a good purchasing agent is to do the job of a purchasing agent well. So, a purchasing agent is empowered to make purchases on behalf of an organization and has a responsibility to make purchasing decisions that are best for the organization.

Three main roles of Managers:

1.       Managers as Company Leaders.

As leaders of business organizations, managers are entrusted with enormous assets and given a charge to manage these assets prudently.

2.       Managers as Economic Actors.

As economic actors, managers are expected to consider primarily economic factors in making decisions, and the main measure of success is profitability.

3.       Managers as Community Leaders.

As community leaders, managers of companies exert enormous power both inside and outside their organizations.

So, it is really important to understand the relationship between roles, managers and ethics in doing business so that nobody will be disappointed.