¶ … Ethical Case Using the Applied Ethical Decision Model
Recognize the Ethical Issue
In the case in question, there is certainly a clear-cut ethical lapse on behalf of young Julia. Her failure to appropriately inform her clients of the potential risks associated with their newly proposed investments was dishonest and selfish. This lack of full disclosure certainly undermines the trust that these clients have put in her hands. Even the formulation of a relationship with the securities salesman is highly unethical. As an objective member of a financial planning firm, Julia must approach her job and her client recommendations with an opened and unbiased mind. Having a business relationship that would potentially award her personal gains for professional consideration unquestionably coincides with Julia's equitable responsibility to her customers.
Evaluate Alternative Actions
Consequences
In this case, the consequences of Julia's unethical behavior can have massive effects on the lives of her clients. Especially knowing that this is a retirement situation and that her clients have specifically stipulated that they want to avoid major risks and hope to enjoy their retirement while "being able to sleep at night," Julia's action have the potential to destroy these plans. While not meeting a client's desired rate of annual growth is certainly...
Applying "Ethical conflicts for new financial planners" to nursing The healthcare industry is increasingly faced with demands that it operate more like a for-profit business with a careful eye upon cutting costs. Reviewing managerial concepts intended for business organizations in general can be useful for healthcare institutions such as hospitals, provided the need for quality is not forgotten. This can be seen in the article "Ethical conflicts for new financial planners"
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