1/21/2024 0 Comments Ethical decision making definitionPer our distinction, thoughts and beliefs (e.g., I want to help and benefit my customer as opposed to I want their money without regards to what is right, personal gain at the cost of someone else's reputation. Right behavior can be evaluated though actions and words, but there is no way to know one's thoughts. In confining ethical decision making to a business or group context, decisions on ethics are necessarily limited to actions and words (e.g., no deceit in sales promotion, use words to manipulate performance. Ethics in decision making impacts the choices for words and actions There are obvious and sometimes notable exceptions, but these often involve ethical dilemmas that can only be addressed in the context of the specific decision being made. The good news is that, in general, most approaches will lead to similar choices for most decisions involving ethics. Deontological (based on study of moral obligation).A number of schools of thought have developed that include the following approaches (in no specific order): How Important is the source of ethical standards in business decision making?Ī large portion of the study of ethics deals with the approach or source of the principles or standards to be used for ethical decision making in business. There is clear recognition that ultimately a personal choice must be made with respect to right conduct, but business ethics will provide the assessment framework for correct behavior in the business organization. These requirements often come as the result of organizational definition, agreement, or long-standing custom. Specifically, we will address ethical decision making in business as providing the guiding requirements or goals for right conduct. Ethical decision making will be reserved for use in a group decision making context. This means that we will use "moral" when dealing with personal or life decisions with a focus on "right conduct" as the result of a personal choice. Both relate to determination of right conduct.įor our purpose we will reserve the term "moral" for use in a personal decision making context. In our research we have found an overwhelming amount of information just to address the meaning or distinction between "morals" and "ethics." There are a large range of views that include the words being synonyms and the word ethics being "moral philosophy," or the study of moral principles. Distinguishing Morals from Ethics in Decision Making Second, our goal is to address decision making ethics in view of our decision making model in a way that will enable a consistent application of ethics in the decision making process. First, we must acknowledge the vast amount of research and study on the topic, and recognize that our application of ethics within business decision making, only addresses a small portion of the much broader topic. We need to start by creating some clarifying distinctions to facilitate our purpose. It is our intent to focus on the practical application of ethics in decision making.
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