Ethical Decision Making essay

Then, during sass, it was found that senior executives at a number of large companies ad deliberately caused the falsification of the income statements and balance sheets of their firms in order to report much greater profits, gain mush higher stock prices, and receive much large bonuses. The following researches are about how ethics is losing in the short term for a longer term sense of self-worth and transcendent values. About a decision making model for organizations to use their pursuit of business ethics and social responsibility.

How ethics deal with concept of right and wrong. It is how to build trust, commitment, and effort among the stakeholders of the firm. Can ethics be taught? How to adapt a model for organizations to use in their pursuit of business ethics and social Responsibility? 3 Are the managers needs to be moral and concerned about the distribution of benefits and The allocation of harms brought by their decision and actions? 4 What are the nature of moral problem in 5 Is the practical wisdom in the managerial decision management? Aging process is necessity? 6 How does it help one to understand the factors and process related to ethical decision making? This research about ethical decision-making focuses on these five questions: Can Ethics be taught? In this journal, Thomas G. R. And Bison J. (2011) traces the evolution, strategy, and implementation of the path breaking leadership, ethics and corporate responsibility. The ethics scandals create a sense of urgency that business must do a better job of promoting ethical behavior.

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There is a growing suspicion that legal compliance alone is not sufficient to promote responsible practices and to maintain the public trust. This view that ethics cannot be taught is refuted by development psychology, which shows that people do acquire more sophisticated forms of ethical reasoning as they For many years educational programs have dealt with ethics. Mature. However, can ethics be taught? Secondly, how should it be taught?

The notion that ethics is a process of communication that gives way to new understandings and commitments to our social life has been utilized herein to explore if ethics can be taught, and how should it be taught. Ethics is often presented in classes by educators as a moral philosophy that infuses critically assumed beliefs which are used to search for a good human life. The educator may discover or currently know that they cannot teach ethics cause of religious and cultural disagreement linked to what should be taught.

To choose to not discuss ethics may be a safer path yet avoidance sends messages that this topic is a private matter and not suitable for discussion. It is not a private matter yet avoiding discussion of ethics at all levels of education may only fuel mystification and/or ignorance. Discussing ethics should not be a private it should be within educational programs and rightly so, according to the many business school deans who rank ethics among the top five learning goals (Martial & Cauldron, 2005).

The general study of goodness and the right study of right action constitute the main business of ethics. Its principal substantive questions are what ends us Ought, as fully rational human beings, to choose and pursue and what moral principles should govern our choices and pursuit (Thomas G. Ryan and Jeremy Bison, 2011). How to adapt a Model for Organization to use in their Pursuit of Business Ethics And Social Responsibility? Most of us have some idea what this term mean, but it often seems fuzzy.

This can make it a daunting task for managers to adopt strategies to address Hess concepts. The ethics deals with concepts of right and wrong, and entails actions somewhat beyond the legal minimums. Social responsibility tends to mean utilizing the stakeholder model and taking into account to a greater degree the interest of those impacted by corporate decisions and actions. One way to consider the manner in which ethics and social responsibility apply in the corporate or business setting is to approach it as part of decision making process (Tim D. C. 2006).

That is what managers do; they make decisions. DRP. Tim D. Cheney said that all the facts seems to be basic concept, but it is often shortchanged in the rush of everyday decision making. Most large judgments against organizations arise due to the fact that managers ignore those “bad” facts. They get hit hard not for a first “bad fact,” rather for the last in a series. Somebody has complained of harassment; maybe it will go away. No, it will not. Knowledge of Ethical Decision-Making the facts is expected; organizations cannot use the “l did not know” excuse.

In this day, society Expects more from organizations; they are expected to know. Who is impacted by the decision and subsequent action? This utilizes the “stakeholder” model of decision making. Generally, Stakeholders are those parties who might be affected by a business decision and subsequent action. These can include employees, customers, competitors, the surrounding community and Society at large. It basically entails making a broader consideration of the potential impacts of business activity before is finalized and implemented.

What are the potential interests which might be affected? Are there monetary interests? Possible physical interests? As it applies to stakeholders, it can be helpful if we can keep in mind the rotational basic consumer rights of safety, being informed, being heard, and having a right to choose. This rights can applied to other appropriate stakeholder as well and help create and build awareness of the possibilities of socially responsible decisions and actions. We may also evaluate just where or what the bottom line must be for us to stay in business and act in a responsible manner.

This can involve the question of overall profits and the balance between various stakeholders in the interplay of wages, salaries, benefits and dividends. Corporate needs to set forth standards and intentions of the organization as to how it will interact with its stakeholders. By creating and communicating the code, it can feed into the culture and create a more socially responsible environment Are the Managers Need to be Moral and Concerned About the Distribution of Benefits and the Allocation of Harms brought by Decision and Actions?

It is proposed that managers have to be moral, have to be concerned about the distribution of benefits and the allocation of harms brought by their decisions and actions (Large Tone Hosier, 1994 “p. ” 191-204). In order to build a trust, commitment, and effort on the part of all the stakeholders re essential for long-term corporate success. In this article, Hosier wrote; that men should keep their compacts is certainly a great and undeniable rule in morality.

But yet, if a Christian, who has the view of happiness and misery in another life, be asked why a man must keep his word, he will give this as a reason: Because God, who has the power of eternal Life and death, requires it of us. But if a Hobbies be asked why, he will answer: Because the public requires it, and the Leviathan will punish you if you do not. And if one of the old philosophers had been asked, he would have answered: Because it was soonest, below the dignity of a man, and opposite to virtue, the highest perfection of human nature.

It sums up three of the major reasons for acting in a morally responsible manner. We owe it to our God, and our sense of brotherhood. We owe it to our society, and our Sense Of order. We owe it to ourselves, and our sense of self-worth. But, what shall we say to a modern Gages active in management? The fanciful ring with the turning collect has been replaced in recent times with a much more realistic means of access to power and riches without fear of retribution; executive positions tit their salaries, bonuses, promotions and perks based upon profit performance reviews.

What are the Nature of Moral Problem in Management? In Large Tone Hosier (2011), defines the nature of moral problem in management: Understand the different standards; the goals, normal beliefs, and values of a person will vary depending upon the cultural and religious traditions of that persons, and those variations will in Ethical Decision making turn affect the moral standards. Recognized the moral impacts; whose well- being will be substantially improved by the present or proposed actions either by ourselves or by the Organization to which where we belong.

State the moral problem; to reach a solution, according to the author, we want to get everyone to fully comprehend our view of the issue. If all groups Fully understand all sides, clearly and accurately, then a compromise that meets the tests of economic benefits, legal requirements and ethical duties is possible. Determine the economic outcomes: All market must be competitive; open and competitive product markets must exist for all output goods and services, and open and competitive factor markets must exist for al input capital, labor and material to generate a true net benefit for Society.

Consider the legal requirements; legal requirements in moral analysis refer to the laws adopted by members of society to regulate the behavior of members of that society. Evaluate the ethical duties; “ethical duties” in moral analysis refers to the obligations owed by members of society to other members of that society. Company managers are people who maximize corporate profits as a means of balancing market demands and factor supplies. No one acts as an individual human being, pursuing personal goals that moved beyond economic outcomes to personal desires for liberty, opportunity, dignity worth, and pride.

The main focus of Hosier is on the moral problems faced by managers. These are the situation in which a firm’s financial performance and social performance are in conflict. Specifically, these are the occasions in which some individuals and groups to whom the organization has some form of obligation are going to be hurt or harmed in some way outside their own control, while others will be benefited and help. These are also the occasion in which some of those individuals or groups are going to see their rights ignored or reaps diminished, while others will see their rights recognized and even expanded (La Rue Tone Hosier, 201 1).

Is the Practical Wisdom Wisdom In the Managerial Decision-Making Process is necessity? Doyenne Melee (2010) is aiming to present the necessity for practical wisdom in the managerial decision making process and its role in such a process. She seeks to contrast the position with two conventional approaches based on maximizing and satisfying behavior respectively. Practical wisdom helps the decision maker to determine how a decision will contribute to the human good in each particular situation.

Findings-Maximizing and satisfying are based on the facts-values dichotomy, which separates business and ethics and presents a rationalistic and incomplete view of the reality. The alternative is the decision as a whole, and this is a more comprehensive understanding of the reality. Ethics is better integrated into the decision making process, since it is an intrinsic part of such a process, not an extrinsic addition. Practical implications-Every decision has an ethical dimension, which should be considered by managers for making good decisions.

Practical wisdom is essential in perceiving such a dimension and in making mound moral judgments in the making of decisions. Managers do not need only skills for making correct decisions, but practical wisdom and moral virtues, too. Originality/value-The approach presented defeats the conventional but narrow views of managerial decision making based on maximizing behavior or on satisfying behavior and introduces the categories of good and evil as the main driver for managerial decision making.

Ethical Decision-Making How does it Help One to Understand The Factors and Process Related To Ethical Decision Using a managerial framework, Farrell, Frederica, and Farrell (2011) explained how ethics can be integrated into strategic business decisions. The framework provides an overview of the concepts, processes, mandatory, core, and voluntary business practices associated with successful business ethics programs. Every individual has unique personal principles and values, and every organization has its own set of values, rules and organizational ethical culture.

Business ethics must consider the organizational culture and independent relationships between the individual and other significant persons involved in organizational decision making. Without effective audience, a businessperson cannot make ethical decisions while facing a short-term orientation, feeling organizational pressure to perform well and seeing rewards based on outcomes in a challenging competitive environment. To improve ethical decision making in business, one must first understand how individuals make ethical decisions in an organizational environment.

Too often it is assumed that individuals in organizations make ethical decisions in the same way that they make ethical decisions at home, in their families, or in their personal lives. The ethical decision process in business includes ethical sue intensity, individual factors, and organizational factors such as corporate culture and opportunity. All of these interrelated factors influence the evaluations of and intentions behind the decisions that produce ethical or unethical behavior.

To help one to understand the factors and processes related to ethical decision making: To recognize that the ethical issue requires an individual or work group to choose among several Ethical actions that various stakeholders inside or outside the firm will ultimately evaluate as right or wrong. The intensity of an ethical issue relates to Its received importance to the decision maker. Ethical issue intensity, then, can be defined as the relevance or importance Of an ethical issue in the eyes Of an individual, work group, and ‘or organization.

It is personal and temporal in character to accommodate values, beliefs, needs, perceptions, the special characteristic of the situation, and the personal pressures prevailing at a particular place and time (p. 128-130). Identifying the ethical issues and risks that employees might encounter is a significant step toward developing their ability to make ethical decisions. The more ethical employees perceive an organization’s culture to be, the less likely they are to make unethical decisions. Ethical dilemmas involved problem-solving situations in which the rules governing decisions are often vague or in conflict.

The results of an ethical decision are often uncertain; it is not always immediately clear whether or not we have made the right decision. Farrell, Frederica and Linda Farrell proposed that gaining an understanding of typical ethical decision making in business organizations will reveal several ways that such decision making could be improved. With more knowledge about how he decision process works, we will be better prepared to analyze critical ethical dilemmas and to provide ethical leadership regardless of our role in the organization.