Business ethics ethical decision making and cases

  • How does business ethics affect decision-making?

    In addition to keeping profitability in mind, you also have look at decisions from an ethical standpoint.
    The role of ethics in decision making affects how you approach decisions, how you decide which action to take and whether or not you need to consult someone else for their viewpoint..

  • What are some examples of ethical decision-making?

    Ethical business decision examples

    Paying fair wages. Committing to sustainability. Encouraging employee education. Support animal welfare. Donating a portion of your profits. Having reasonable return and refund policies. Employing minorities. Respecting customer information..

  • What is an example of an ethical decision making business?

    A customer service representative taking responsibility for failing to follow through with a service action is making an ethical decision.
    A manager taking responsibility for his team not making a deadline because of his lack of oversight is ethical behavior..

  • What is an example of an ethical decision-making business?

    A customer service representative taking responsibility for failing to follow through with a service action is making an ethical decision.
    A manager taking responsibility for his team not making a deadline because of his lack of oversight is ethical behavior..

  • What is business ethics and ethical decision-making?

    Ethical decision-making is based on core character values like trustworthiness, respect, responsibility, fairness, caring, and good citizenship.
    Ethical decisions generate ethical behaviors and provide a foundation for good business practices.
    See a model for making ethical decisions..

  • Works by John Fraedrich

    In summary, integrity, respect, responsibility, fairness, compassion, courage, and wisdom are the seven principles of ethical decision-making..

  • Ethical business decision examples

    Paying fair wages. Committing to sustainability. Encouraging employee education. Support animal welfare. Donating a portion of your profits. Having reasonable return and refund policies. Employing minorities. Respecting customer information.

  • Steps to Ethical Decision Making

    1. Step 1: Identify the problem
    2. Step 2: Identify the potential issues involved
    3. Step 3: Review relevant ethical guidelines
    4. Step 4: Know relevant laws and regulations
    5. Step 5: Obtain consultation
    6. Step 6: Consider possible and probable courses of action
  • Ethical decision-making is based on core character values like trustworthiness, respect, responsibility, fairness, caring, and good citizenship.
    Ethical decisions generate ethical behaviors and provide a foundation for good business practices.
    See a model for making ethical decisions.
Rating 4.4 (228) $85.98This is a very well written book that makes the material understandable to someone who hasn't ever taken any kind of ethics class. It gives real life 
Attempts to prepare readers to make informed ehtical decisions. Provides an overview of moral philisophies and decision-making processes. Google BooksOriginally published: December 1990Authors: John Fraedrich and O. C. Ferrell

Can a businessperson make ethical decisions without effective guidance?

Without effective guidance, a businessperson cannot make ethical decisions while facing a short-term orientation, feeling organiza- tional pressure to perform well and seeing rewards based on outcomes in a challenging competitive environment

How are ethical decisions made in an organization?

We describe how ethical decisions in an organization involve collaboration in groups, teams, and discussions with peers

Many decisions fall into grey areas where the right decision may not be clear and requires the use of organizational resources and the advice of others

What is a good approach to business ethics education?

One approach to business ethics education is to include only a theoretical foundation related to ethical reasoning

Our method is to provide a bal- anced approach that includes the concepts of ethical reasoning as well as the organizational environment that influences ethical decision making

The Chief Ethics Officer (EO) is a senior ranking individual in an organization.
The primary role is to build a strong ethical culture within the organization.
In order to perform these responsibilities the chief ethics officer must be given support, independence, and opportunity to influence key decision-making board members.
The chief ethics officer normally reports to the chief executive officer, and have some access to the board of directors.

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