Quick Answer: What Are 4 Factors You Should Consider When Making An Ethical Decision?

What makes ethical decisions so difficult?

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..

What are some examples of ethical decision making?

10 Great Examples of Ethical Decision Making In BusinessCostco’s Decision To Pay Fair Wages. … Volkswagen’s Strategy to Reduce its Workforce Without Layoffs. … Best Buy’s Commitment to Sustainability. … Woolworth’s gets out of liquor and gambling. … CVS Health Stops selling tobacco. … Chick-fil-A Pays for Employee Education. … McDonald’s invests in Employee Skills and Animal Rights.More items…•

How do you determine what is ethical?

Determining What Is EthicalMorality is based on duty. When you do the right thing, it is not the outcome of the act that is the measure of its morality, but rather your intent.An act is moral if it could become a universal rule of society.On deciding the morality of an act, you must consider the perspective of the doer and the recipient.

What is the process of ethical decision making?

Ethical decision-making refers to the process of evaluating and choosing among alternatives in a manner consistent with ethical principles. … Competency: The ability to collect and evaluate information, develop alternatives, and foresee potential consequences and risks.

What causes poor decision making?

Failing to get the right input at the right time. Failing to understand that input through insufficient skills. Failing to understand when something that worked in the past will not work now. Failing to know when to make a decision without all the right information and when to wait for more advice.

How do values influence decision making?

A person’s values will determine how they perceive any particular situation. … So you understand how personal values and decision making drive each other. The values determine the outcomes we set and our decisions are made to achieve them. The decision making is organized to ensure the personal values are matched.

What are 3 factors that you should consider when making an ethical decision?

Three of the important components of ethical decision making are individual factors, organizational relationships, and opportunity.

What are the four steps in the ethical decision making process?

Ethical Decision Making ProcessStep One: Define the Problem. … Step Two: Seek Out Resources. … Step Three: Brainstorm a List of Potential Solutions. … Step Four: Evaluate Those Alternatives. … Step Five: Make Your Decision, and Implement It. … Step Six: Evaluate Your Decision.

What are the 7 steps to ethical decision making?

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

What are the five steps in the ethical decision making framework?

The Leader’s Choice: Five Steps to Ethical Decision Making….Critical ThinkingRecognize the problem.Recognize optimal solutions that represent a balance of factors.Gather pertinent information and recognize assumptions.Interpret and evaluate information.Draw and test conclusions.Evaluate consequences.

What’s the most important factor in decision making?

Significant factors include past experiences, a variety of cognitive biases, an escalation of commitment and sunk outcomes, individual differences, including age and socioeconomic status, and a belief in personal relevance. These things all impact the decision making process and the decisions made.

How do you know if a decision is ethical?

Making Ethical Decisions: A 7-Step PathConsider the reliability and credibility of the people providing the facts.Consider the basis of the supposed facts. If the person giving you the information says he or she personally heard or saw something, evaluate that person in terms of honesty, accuracy, and memory.

What are the 8 steps in ethical decision making?

Ethical Decision Making: an 8-step guideGather the facts.Define the ethical issues.Identify the affected parties.Identify the consequences.Identify the obligations.Consider your character and integrity.Think creatively about potential actions.Check your gut.

What is the first thing you should do in the decision making process?

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.