Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Case studies ethical decision making
The roles of ethics in business and society
Ethical business decisions
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Case studies ethical decision making
STEPS OF THE ETHICAL DECISION MAKING PRACTICE Assemble the facts Define the ethical issues Identify the affected parties i.e., the stakeholders Identify the consequences Identify the obligations i.e., principles, rights, justice Consider your character and integrity Think creatively the about potential actions Check your gut Decide on the proper ethical action and be organized to deal with contrasting argument. 1) ASSEMBLE THE FACTS Don’t jump to conclusions without the data Questions to ask: what, where, when, who, how, and why. However, data may be difficult to find because of the uncertainties often found around ethical issues Some facts are not available Assemble as many facts as possible before happening simplify what assumptions you are making! 2) DEFINE THE ETHICAL ISSUES Don’t bound to solutions without first identifying the ethical issues in the circumstances. Define the ethical base for the issue you want to focus on. There may be a multiple ethical issues - focus on one major one at a time. 3 )IDENTIFY THE AFFECTED PARTIES Identify all of the stakeholders Who all are the primary or direct stakeholders? Who all are the secondary or non direct stakeholders? Perspective taking :- make an effort to see things through the eyes of those persons affected. Why are they stakeholders for the concern? 4) IDENTIFY THE CONSEQUENCES Think about prospective positive and negative consequences for affected parties by the decision i.e., Focus on primary stakeholders to simplify analysis until you become comfortable with the process. What are the level of the consequences and the possibility that the consequences will happen. Shor... ... middle of paper ... ...mary parties involved in the situation. 8) CHECK YOUR GUT Even though the prior steps have argued for a highly rational process, it is always good to “check your gut.” Intuition is gaining credibility as a source for good decision making – knowing something is not “right.” Particularly applicable if you have a lot of experience in the area – expert decision-making. 9)DECIDE ON YOUR COURSE OF ACTION AND PREPARE RESPONSES TO THOSE WHO MAY OPPOSE YOUR POSITION Consider potential actions based on the consequences, obligations, and character approaches Do you come up with comparable answers from the different perspectives? Do the obligation and character help you “check”the consequentiality preferred action? How can you protect the rights of those involved (or your own character) while still maximizing the overall good for all of the stakeholders?
Step 4: Examine and categorize the alternatives. Identify those that are consistent and inconsistent with your personal values.
In order to address the above components, five decision making steps have to be put in place, these are; being attentive, being intelligent, being reasonable, being responsible, and being reflective. The first step, being attentive, involves evaluating the whole situation and coming up with the data and information about the problem at hand. In so doing the following questions are viewed; what facts to bear in mind, what direction to take so as to get the expected solution, and what is the main issue to work on. In the second step, being intelligent, the information is clearly studied to determine whether the collected data is revealing the correct details concerning the problem. Determine the stakeholde...
Understanding other people’s perspective is vital when it comes to making someone a more informed and a more sympathetic person. For example, in politics, there are two main sides; the democrats and the republicans. These two sides almost never see eye to eye, but when they see from the other’s point of view, an agreement can be made.
Seeing things in other people perspective is crucial to keep a serene relationship between people. For instance, failure to consider another person’s point of view is one of the main causes of prejudice in the world. Prejudiced people judge preconceive opinions that are not based on reason or actual experience. For example, a prejudiced person might look at a homeless person with disdain and say, “Get a job or get lost!” From the prejudiced persons point of view, the homeless person is unwilling to work, lazy, and
It involves, first, seeing someone else’s situation from his perspective, and, second, sharing his emotions, including, if any, his distress.”
Is this an example of right versus right moral dilemma or right versus wrong? Explain your answer either by identifying the two stakeholders and the rights in conflict or by explaining what makes this a right versus wrong situation and the rule or law governing the situation.
Workplace ethics engages in judgements and collective agreements regarding a suitable guide of behaviour. The ethical decision making framework (EDM) presents, business decision is ethical or unethical.EDM provides an indication of traditional decision making process and issues that manipulate ethical decisions. Employees tend to fraud because they can experience the unfair treatments or situation that they face. Manages may ask employee to work long hours, and then they can take additional time off. Good performance leads to remunerations and appreciation managers than workers.
Explain the importance of defining the objectives, scope and success criteria of the decisions to be taken
The six steps of the model are as follows: Identify the ethical dilemma, collect information, state the options, apply ethical principles to those options, make the decision, and implement the decision (Beemsterboer, 2010). The first step is to identify the ethical dilemma, which Beemsterboer describes as the most critical step in the model. To identify the ethical dilemma, one must recognize that the problem is an ethical dilemma with no one clear answer, and expound upon what the ethical question is. The next step is to collect information about the situation and values involved “as a basis for an informed decision.” (Beemsterboer, 2010, para. 8). After defining the ethical dilemma and gathering information about it, one must then state as many options as possible which may resolve the problem (Beemsterboer, 2010). Due to that fact that more than one decision may remedy an ethical dilemma, it is important to discuss all available options to better understand all angles of the situation and how to deal with as many of them as possible. Once all alternatives have been stated, each must be weighed against ethical principles. Beemsterboer suggests in the discussion of each option a list of pros and cons be made to demonstrate how the option may protect of violate ethical principles and values (2010).?? After analyzing each alternative it is much easier
The next step is determining the information decision makers need to know and answer to arrive at a conclusion – the investigative questi...
The term “ethical business” is seen, by many people, as an oxymoron. This is because a business’s main objective is to make as much money as possible. Making the most money possible, however, can often lead to unethical actions. Companies like Enron, WorldCom, and Satyam have been the posterchildren for how corporations’ greed lead to unethical practices. In recent times however, companies have been accused of being unethical based on, not how they manage their finances, but on how they treat the society that they operate in. People have started to realize that the damage companies have been doing to the world around them is more impactful and far worse than any financial fraud that these companies might be engaging in. Events like the BP oil
While our organization prides itself in a well-defined and thorough code of ethics, there are occasions where situations arise, but the solution is not clearly defined within our code. In such a case, it is critical to develop a decision making framework that allows our employees to make a decision while operating within the moral guidelines of our corporation. In the hope that we can eliminate discrepancies, Royal Dutch Shell has created an ethical decision strategy that will make clear the ethical standings of our corporation and ensure a consistent decision making process. Our decision making process is focused on our stakeholders, and how we can maximize their benefit.
The Facts: Kermit Vandivier works for B.F. Goodrich. His job assignment was to write the qualifying report on the four disk brakes for LTV Aerospace Corporation. LTV purchased aircraft brakes from B.F. Goodrich for the Air Force. Goodrich desperately wanted the contract because it guaranteed a commitment from the Air Force on future brake purchases for the A7D from them, even if they lost money on the initial contract.
Everyone in this world has experienced an ethical dilemma in different situations and this may arise between one or more individuals. Ethical dilemma is a situation where people have to make complex decisions and are influenced based on personal interest, social environment or norms, and religious beliefs (“Strategic Leadership”, n.d.). The leaders and managers in the company should set guidelines to ensure employees are aware and have a better chance to solve and make ethical decisions. Employees are also responsible in understanding their ethical obligations in order to maintain a positive work environment. The purpose of this case study is to identify the dilemma and analyze different decisions to find ways on how a person should act
In this theory, decisions are based on thoughts, which are believed as correct in any circumstance. (Kamm, 2006) The decisions process with this method can be timely to reach because things are cut and dry. Certain ethical codes that are universal and not to be broken.