Ethical Decision Making Process. How to Resolve Ethical Dilemmas in Business Identify relevant facts Identify relevant issue(s) Identify primary stakeholders.

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Presentation transcript:

Ethical Decision Making Process

How to Resolve Ethical Dilemmas in Business Identify relevant facts Identify relevant issue(s) Identify primary stakeholders Identify possible solutions Evaluate each possible solution Compare and assess consequences Decide on solution Take action

How to Evaluate Solutions: Some Theories Stakeholder/Utilitarian Theory: greatest good to the greatest number Rights Theory: Respecting and protecting individual rights to fair and equal treatment, privacy, freedom to advance, etc. Justice Theory: fair distribution of benefits and burdens: can harm to individual be justifiable? Categorical Imperative: “what if everyone took such action?” “Front Page Test:” What if my decision was reported on the front page of the Los Angeles Times?