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Business decisions and moral decisions
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Ethics shapes our attitudes towards the world, other people, and cultures and how we process right from wrong. I would love to believe that the world is made up of individuals that have a high level of integrity and pure ethical fibers; however, this is not the world in which we live in. Ethics or rather morals entail mechanisms that defend, systematize as well as recommended conceptions of right or wrong, good and bad. Interestingly, organizations have to develop ethical codes to ensure employees and employers understand the difference in doing right or wrong. It is no secret that ethics are an essential aspect of successfully running any organization or government, yet, countless corporations grow precipitously on unethical practices. Ethics …show more content…
It is also difficult to maintain a standard decision-making process without interferences or breakdowns. The three fundamental sets of factors that can lead to ethical dissolution includes individual, organizational, and contextual factors. The individual factors are concerned with the personal background that can make one to value a particular approach (Florien, 2012). Though they are important, they are the last thing an organization considers in the decision-making process. As such, the corporation has the utmost decision when making choices. However, at times, individual aspects deter the decision-making process. Aspects such as culture, gender, education level, and personality among others, can affect the process (Jackson, …show more content…
In this level, societal, organizational, and industry culture determine the decision-making process. The societal values shape the manner in which ethical decisions are made at both the organization and individual levels. On the other hand, the industry culture defines the ethical patterns of a particular organization. Though a company may be operating independently, the interactions within the industry set a pattern of certain behaviors that affects the individual and corporation ethics. For instance, intense competition may push an organization into making a morally wrong decision to heighten revenues and stay competitive. Organizational culture also shapes the ethical atmosphere of the company. Dissolution can also be caused by contextual factors. The situation affects; whether the individual or group realizes the component of the decision; the decision itself; and whether the group or individual carries out the unethical action (Jackson,
Ethical decision-making is the responsibility of everyone, regardless of position or level within an organization. Interestingly, the importance of stressing employee awareness, improving decisions, and coming to an ethical resolution are the greatest benefits to most companies in today’s world (Weber, 2015).
The method of ethical decision making which was developed by Dr. Cathryn A. Baird presented two components contained in all ethical decisions which are; The Four ethical Lenses and the 4+1 Decision process. The Four Ethical Lenses issue claims that different ethical theories and the means in which we tend to approach the situations which form part of our ethical traditions are looked at in four different perspectives. From each perspective there are different values on which to decide whether the action taken is either ethical or not and each lens also lays emphasis on determining whether the decision made is of ethical requirement. In the 4+1 Decision Process, people who are responsible for making final decisions in an organization do it using four specific decision making steps and eventually will end up with one extra decision which gives a chance to reflect. The 4+1 decision process allows the decision makers to give solutions when faced with complicated ethical issues (John Muir Institute for Environmental Studies, 2000).
Bush, S. S., Connell, M. A., & Denney, R. L. (2006). Ethical Practice in Forensic Psychology: A Systematic Model for Decision Making. Retrieved from http://dx.doi.org/10.1037/11469-001
On April 24th, 2014, one simple recording released by TMZ made Donald Sterling, owner of the NBA’s Los Angeles Clippers, the most hated man in America. In this recording, Sterling ranted over the fact how he did not want V. Stiviano, his partner, to be affiliated with any African Americans. As a result of his racist statements, fans, athletes, and sports organizations/members, voiced their opinions on the matter, flourishing social media. Many star players such as LeBron James, Michael Jordan, Magic Johnson, and a majority the Clippers players acknowledged that something had to be done, and that the NBA is no place for racism. In the end, after team owners took a vote, NBA commissioner Adam Silver held a press conference enlightening the public
Still, major concern with boundary crossing in treatment is the potential, differential between therapists, and clients and how therapists may use or abuse the power. Therapist are hired for their professional expertise, which consequently gives them an expert- based power over their clients (Zur, 2007, p. 47). Husted could have asked herself should I cross this boundary (i.e., is it ethical to keep a “secret” of into a relationship with a client) or what are the opportunities plus advantages of carrying out rather not carrying out the sexual performance (risk of either accepting or rejecting of the client).
Ethics or rather morals entail mechanisms that defend, systematize as well as recommend conceptions of right or wrong. Many organizations develop ethical codes to ensure employees and employers understand the difference in doing good or bad. In that respect, ethics are an essential aspect of successfully running of any organization or government. Ethics ensure employee’s productivity levels are up to the required standards. It also assists them to know their rights and responsibilities. Additionally, employers, as well as any persons in management, are guided by them to ensure they provide transparent leadership. Ethics also defines how customers should be handled. Ethical codes govern the relationship between customers and an
Introduction The aim of this paper is to discuss the challenges of values-based decision-making ethics in the current marketplace. This discussion will include the research findings on the four markets for potential expansion and an assessment of the current social and political climate of each. A recommendation will offer three best fits based on a comparison of company values, and will include a detailed rationale for these choices. Content and Analysis Background According to Ferrell (2004), “Organizations create ethical or unethical corporate cultures based on leadership and the commitment to values that stress the importance of stakeholder relationships.
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.
In the profession of Dental Hygiene, ethical dilemmas are nearly impossible to avoid, and most hygienists at some point in their professional life will have to face and answer ethical questions. Some ethical conflicts the dental hygienist may encounter can be quite complex and an obvious answer may not be readily available. In the article Ethical Decision Making, Phyllis Beemsterboer suggests an ethical decision-making model can aide the dental hygienist in making appropriate decisions when confronted with an ethical situation, and that the six-step model can serve dental hygienists in making the most advantageous ethical decision (2010).
For this paper Washington Mutual has been selected to show how the ethical decision making process can be achieve. When it comes to business ethics in the workplace Washington Mutual has designed what can be considered a well balanced workplace with behaviors that are aligned with their moral values and business ethics. Business ethics are sometimes depicted as resolving conflicts where one option can appear to be the correct choice. There are many different ethical dilemmas that are faced by managers and leaders everyday that are highly complex and have no clear choice or guidelines to assist in making the choices for resolution. There are times when an employee has to decide whether or not to cheat, lie, steal, or break their contract. These ethical decisions are real-life situations where they are forced to make on a daily basis. This is why it is ultimately important that all employee know the six steps to ethical decision making that the company uses.
Acme toy Company would benefit from a code of ethics in the fact that it would guide and help with the understanding of acceptable conduct at all levels of the organization; It would be used for evaluation processes of, not only our employees, but our day to day operating business practices as well making sure that when we make decisions on behalf of the company they are in tune with company philosophy. A code of ethics would set an obtainable goal of behavior an...
Many ethical dilemmas are philosophical in nature, an ethical issue can be described as a problem with no clear resolution. In order to solve the issue or dilemma a consensus between the parties involved must be reached. There are several reasons to come to an agreement over an ethical dilemma, it is the basis for all aspects of personal and professional dealings. Each one of us is part of a civilized society and as such it is our responsibility to be rational, honest and loyal in our dealings with others. (Alakavuklar, 2012) states that individuals make decisions for different situations in business life involving various ethical dilemmas. Each time either consciously or unconsciously individuals may follow some ethical approaches
There are factors that can effect a person’s ethical or unethical decisions, which consist of individual, organizational, and opportunity factors. Individual factors can be defined as an individual that bases their ethical or unethical decisions on their beliefs of what is right or wrong (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 185). Organizational factors are when individuals base ethical or unethical decisions on a set of values and norms shared by members or employees of a company (Thorne, O. Ferrell, & L. Ferrell, 2011, pp. 190-191). Opportunity factors are defined as a set of conditions that can either limit or reward an individual and hinder or permit misconduct (Thorne, O. Ferrell, & L. Ferrell, 2011, pp. 193-195). All people cultivate
The following five-step model can help employees make appropriate decisions when faced with an ethical dilemma. The first step is to recognize the issue. Knowing what is the root cause and the main issue can help determine what ethical issue is at hand. The next step is to get the facts of the situation. Eliminating bias opinions and knowing the information source can increase the chances of making a good decision.
Ethics are moral principles or values that govern the conduct of an individual or a group.It is not a burden to bear, but a prudent and effective guide which furthers life and success. Ethics are important not only in business but in academics and society as well because it is an essential part of the foundation on which a civilized society is built.