¶ … ethical decisions in business is great. There are many instances where ethical decisions are necessary in business operations, and corporations can get themselves into trouble even when they are trying to be ethical if they do not have a strong and effective procedural structure to guide employees in making such decisions. One aspect of ethical decision making comes under the heading of crisis management as corporations are faced with some huge problem that may involve liability and legal issues but that certainly involves questions of public image. A second aspect is the day-to-day decisions that have not yet reached the point of crisis but which could if ethical decisions are not made. Even without any external threat to a company, an ongoing process of ethical decision-making crates an atmosphere in a company that is beneficial, that contributes more to society, and that helps create an environment in which employees may flourish and do their best.
Developing such an ethical-decision making process may be no more difficult than adapting the idea of the Golden Rule to the business organization, an idea that will be explored in this report. That rule is well-known -- "Do unto others as you would want others to do unto you." We all understand what this means when talking of personal matters, but many of us fail to see how important it is to apply the same standard in our business dealings, our relationship with the workplace, and our interactions with bosses, clients, and coworkers. After exploring this idea, this report will consider applications, examine a number of business crises and show how application of this rule could have prevented or alleviated the crisis, and consider how to adapt the rule for all companies and organizations in the future. Business ethics and personal ethics should be better coordinated around a simple rule, and the Golden Rule will serve this purpose well. If a rule is good, it will be applicable by every employee to a wide variety of situations that may not have existed when the rule was adopted, and this is what is needed to solve problems before they turn into crises.
Ethical Decision Making New Year's Eve Crisis The ethical issues related here include the financial health of both Michael's Pasta Company (which now includes Southern Pasta) and of the restaurant chain affected by the tainted products, and the physical health of restaurant patrons. Other ethical issues such as simple honesty and business integrity are also involved in the case details, though they do not really affect the decision to be made. Stakeholders include
Ethical Decision Making Kimberly Gas Hub ETHICAL DECISION MAKING IN KIMBERLEY GAS HUB The Kimberley Gas Hub is a controversial project to set up an LNG refinery facility at James Price Point near the Kimberley coast of Western Australia. The company Woodside is interested in setting up the project and it claims that it will boost the mining industry in the region and will bring economic development for the local people. Critics
Output losses attributed toward alcohol were projected at $119 billion for 1995 (1). As this Alcohol Alert clarifies, several issues give to problem drinking that goes on in the workplace. Employers are in an exclusive situation to alleviate some of these factors and to inspire workers to seek assistance for alcohol problems. IDENTIFY the key values and principles involved. First, ethics or rules were broken because it is illegal to come
Ethical Decision Making in Sales Organizations The study of marketing, sales and company ethics has a very diverse foundation of empirical and analytical research ranging from gender- and trait-based analysis to the defining of models that seek to capture the dynamics that create ethical paradoxes and drive decision-making in organizations. In the research completed and presented in the article A Framework For Personal Selling and Sales Management Ethical Decision Making (Ferrell,
Ethical decisions that corporations must make are not always the least costly ones when it comes to fixing a problem. When a CEO is confronted with a choice of doing the ethical, customer-friendly decision, or saving money and shipping a product that is clearly not safe or in the best interest of children, there should be only one solution. That solution is to do the right thing: take the loss,
Fidelity is also an obligation, to the journalist's ethics in particular truthtelling. Beneficence could be applied to helping law enforcement. As the decision at hand consists of two mutually exclusive options, one of these obligations would need to be overriding. It is most likely that for the journalist this would be to communicate all of the information in keeping with the journalistic code of ethics. This approach, however, does
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now