The presence of ethical dilemmas in businesses triggered the need for ethical decisions to be made and as such, the framework for making these ethical decisions was elaborated upon. Some ethical theories such as Virtue, Utilitarian and Deontological theory were discussed to also aid in the assessment of the alternative actions to be taken. It can be concluded, that ethical decision making in a business is not easy and the final decision made falls down to the business’ core strategies and values. Problems encountered during this study were the struggle to complete it in the given amount of time and with that, the struggle to find more sources of information regarding the topic. A recommendation would be that right steps should be followed during decision making and conclusions should not be made before possible outcomes are weighed.
In addition, ethical decision-making is a process that encompasses a great use of self-awareness and critical thinking by the practitioner. Therefore, there should be a series of steps that a social worker must take in order to resolve or intent to resolve such a dilemma. I believe that the first step should be recognizing what the ethical dilemma is. Second, the practitioner should be self-aware of how professional values, rather than personal, may interfere with the decision-making process. Lastly, the social worker must consider the structural, cultural, and agency context issues surrounding the presenting ethical dilemma.
Future conflict between a person's moral choice and an organization's ethical decisions are most easily addressed as someone seeks to join the organization. If a person is ready to join a company or business, it is important that he (or she) be
The implementation and education of the ethical decision-making model promote moral awareness and company values that can mitigate ethical dilemmas to an extent. The aftermath was devastating for Wells Fargo not just economically but for its image. The corporation can introduce this model in training courses for new hires and current employees. Also ensuring management comprehends the prominence of ethical decisions and are aware that they are the wheels of the car, therefore, lead by example. If the corporation initially had prioritized ethical values and decision-making evaluations at every level of the business, this scandal could have been prevented at least its magnitude.
An area that ties into decision making in business ethics is whether that decision will be beneficial to all those who have a vested substantial interest in the outcome. Courage also plays a significant role here because individuals at times attribute success to doing everything on their own or being self-sufficient. Sometimes the lack of courage to ask for help or even a second opinion causes business people to make poor choices which in turn negatively affects those with an interest in the
These standards are applicable to both individuals within an organization and the organization as a complete entity. It’s very evident that corporate ethics is much more complex than ethics alone. There are five important issues of ethics and social responsibility in the strategic planning process. They are the social responsibilities to the stakeholders, transparency, independence, respect, and fairness and truthfulness. The strategic decisions of a large multinational corporation have the potential to impact millions of people across the globe.
For the sense of business according to Joseph (2013), ethics are constructed and decided by each business and underpins decision that an employee makes. When it comes to the business’ environment, a well-constructed ethics is a key for a considerate and responsible decision making in a business (Bennett, 2014). Business Ethics is very important inside the company, it will show the moral standards that a company or business have whether it is right or wrong and good or bad. Every etiquette that a business has, will reflect on what kind of company or business you are. Thus, every company or business must show the proper and right etiquettes it should have, so that the customers will have that kind of trust and a good feedback on your company.
Making a decision implies that there are alternative choices to be considered, and in such a case we want not only to identify as many of these alternatives as possible but to choose the one that fits with our goals, objectives, desires, values, and so on.” An Important Decision taken in my organization Making decisions in a company or organization happens at all levels. A manager of a business shouldn’t assume he’s right in every decision he has to make. In that regard, different types of decision-making should be taken depending on the situation at hand Many factors that can affect the decision making , sometimes it is possible that when we have a planned decisions for the organization keeping each and every employee in mind that some or other way the plan get distorted. Some of the affects that can make difference in the decision making is the past experience of the employee in his life, the age difference of an employee and personal dissatisfaction, job dissatisfaction due to improper and effective communication, choices of people from different cultural background. Understanding the factors that influence decision making process is important to understanding what decisions are made.
Ethical behaviour is one of the most complex and penetrating issue faced by business organization this days. Employees decision to behave ethically or unethically is also influenced by several individuals and factors. The few common factors of all are background, personality, and augmentation, which have been examined by researchers since decades. So-as-to over-come many certain issue and such acts, ethical management is particularly important in public as well as the private sector of organization. Apart from only increasing research on ethics, in general, management should mainly focus on ceasing organizational scandal.
Urgency of making a decision should not pressure the group as it will defeat its purpose in achieving quality decision. In this scenario, the organization must able to determine the root cause of the mistake and assess what are its negative effects. Second, when the group is able to think of the possible solutions, they are able to look at the problem with a new perspective. In this regard, every member of the group must have