six steps

The five principles, autonomy, justice, beneficence, nonmaleficence, and fidelity are each absolute truths in and of themselves. By exploring the dilemma in regards to these principles one may come to a better understanding of the conflicting issues.

1. 1 – GATHER THE FACTS. □ Don’t jump to conclusions without the facts.
2. 2 – DEFINE THE ETHICAL ISSUE(S)
3. 3 – IDENTIFY THE AFFECTED PARTIES.
4. 4 – IDENTIFY THE CONSEQUENCES.
5. 5 – IDENTIFY THE RELEVANT PRINCIPLES,
6. 6 – CONSIDER YOUR CHARACTER &
7. 7 – THINK CREATIVELY ABOUT POTENTIAL.
8. 8 – CHECK YOUR GUT.

of right and wrong. Ethical decisions and behavior are typically guided by a value system. In this paper includes four value-based approaches that serve as criteria for ethical decision making are utilitarian, individualism, moral rights, and justice.

In the ethical decision-making process, identify the step that involves predicting the likely, foreseeable, and the possible consequences to all the relevant stakeholders.

Opportunity describes the conditions in an organization that limit or permit ethical or unethical behavior. The opportunities that employees have for unethical behavior in an organization can be eliminated through formal codes, policies, and rules adequately enforced by management.

A 7-STep Guide to Ethical Decision-Making

1. State the problem.
2. Check the facts.
3. Identify relevant factors (internal and external).
4. Develop a list of options.
5. Test the options.
6. Make a choice based on steps 1-5.
7. Review steps 1-6.

• Step 1: Identify the decision. You realize that you need to make a decision.
• Step 2: Gather relevant information.
• Step 3: Identify the alternatives.
• Step 4: Weigh the evidence.
• Step 5: Choose among alternatives.
• Step 6: Take action.
• Step 7: Review your decision & its consequences.

Ethical decisions generate and sustain trust; demonstrate respect, responsibility, fairness and caring; and are consistent with good citizenship. The key to making effective decisions is to think about choices in terms of their ability to accomplish our most important goals.

WHAT MAKES ETHICAL DECISIONS SO DIFFICULT? Ethics is often a problem because the situations we face as managers are hardly ever clear-cut. People have different worldviews that they bring into their decision-making processes, which causes individuals to see and interpret situation in different ways.

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.

Inappropriate and Harassing Behavior Employees often don’t know what to do if they see one of their co-workers harassing another employee, either mentally, sexually or physically. Employees may worry for their jobs if they attempt to report a superior for harassment.

1. Harassment and Discrimination in the Workplace. Harassment and discrimination are arguably the largest ethical issues that impact business owners today. Should harassment or discrimination take place in the workplace, the result could be catastrophic for your organization both financially and reputationally.

Philosophers today usually divide ethical theories into three general subject areas: metaethics, normative ethics, and applied ethics.

Some ethical concepts and principles that relate to the procurement process are:

• loyalty and respect for rules and regulations.
• integrity.
• impartiality and fairness.
• transparency.
• confidentiality.
• avoidance of appearance of impropriety.
• due diligence.

Enron. Enron faced an ethical accounting scandal in 2001 after using “mark-to-market” accounting to fake their profits and misused special purpose entities, or SPEs. Enron worked to make their losses look like less than they actually were, and “cooked the books” to make their income look much higher than it was.

Types of Ethical Issues in Business

• Discrimination. One of the biggest ethical issues affecting the business world in 2020 is discrimination.
• Harassment.
• Unethical Accounting.
• Health and Safety.
• Abuse of Leadership Authority.
• Nepotism and Favoritism.
• Privacy.
• Corporate Espionage.

The 5 Biggest Ethical Issues Facing Businesses

1. Accounting. “Cooking the books” and otherwise conducting unethical accounting practices is a serious problem, especially in publicly traded companies.
2. Social Media.
3. Harassment and Discrimination.
4. Health and Safety.
5. Technology/Privacy.

The ethical principles endorsed for responding to global health inequalities include the intrinsic value of health to well‐being, the importance of health for individual and collective agency, the concept of a shortfall from the health status of a reference group, and the need for a disproportionate effort to help …