Decision Making
Ethics is a philosophical term derived from the Greek word "ethos," meaning character or custom (Sims, 1994, p. 16). Ethics, therefore, is not just an ethereal concept belonging to the domain of philosophers and theologists, but a universal phenomenon that pervades the very functioning of individuals and society. Indeed, ethics can be said to be the guiding set of principles, based on which individual character, social and organizational custom is built. This is evident from the fact that family and social institutions begin inculcating ethical behavior into an individual from the time he or she begins to develop cognitive skills as an infant. Similarly, an organization inducts a new employee into the company's ethos and methods of conducting business. Thus, it is not surprising that cultural, personal, and organizational values influence decision making in an individual's personal and professional life.
The relationship that personal and organizational values have with decision making emerges when evaluating the impact or outcome of any decision. Formally defined, "ethical behavior" is that which is morally accepted as good and right as opposed to bad or wrong in a particular setting (Sims, 1994, p. 16). Therefore, the ethical framework within which decisions take place determines whether the outcome is to the benefit or detriment of individuals, society, or business. Thus, it is critical that an individual is guided by the right code of ethics and values when making personal or professional decisions in life.
Besides the sheer need to be able to live by one's conscience, chances are that there would be social chaos without a guiding set of principles and laws that define accepted norms of behavior. Perhaps this is the reason why human beings, in fact, derive a great deal of comfort from the presence of authority and the hierarchical structure of family and organizations (Williams, 1996, p. 100). While the establishment...
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