The most widely known is the one introduced by Beauchamp and Childress. This framework approaches ethical issues in the context of four moral principles: respect for autonomy, beneficence, nonmaleficence, and justice (see table 1).

The Utilitarian Approach The ethical corporate action, then, is the one that produces the greatest good and does the least harm for all who are affected — customers, employees, shareholders, the community, and the environment.

Utilitarianism is one of the most common approaches to making ethical decisions, especially decisions with consequences that concern large groups of people, in part because it instructs us to weigh the different amounts of good and bad that will be produced by our action.

H&M have made a good start on becoming sustainable. It offers Conscious collections, made from sustainably sourced materials and the products dropped off at in-store recycle bins, and it uses eco-friendly materials in some products, such as organic cotton and recycled polyester.

Some examples of ethical dilemma examples include:

• Taking credit for others’ work.
• Offering a client a worse product for your own profit.
• Utilizing inside knowledge for your own profit.

What are Ethical Dilemmas?

• Advance directives.
• Surrogate decision making.
• Refusal of treatment.
• Conflicts with caregivers.
• Foregoing life-sustaining treatment.
• Do Not Attempt Resuscitation (DNAR) orders.
• Other issues perceived as ethical problems.

7 Major Challenges Facing the Healthcare Industry in 2021

• Cybersecurity.
• Telehealth.
• Invoicing and Payment Processing.
• Price Transparency.
• Patient Experience.
• Effective Payment Model.
• Big Data.