Examples of ethical dilemma in the following topics:
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- A person who must choose between competing moral imperatives faces an ethical dilemma.
- Several ideas from political philosophy can guide managers in resolving an ethical dilemma:
- Justice: Another way to consider an ethical dilemma is by considering the principle that all people should be treated equally.
- Common good: Finally, resolving an ethical dilemma might mean considering whether one choice is more in keeping with the long-term welfare of all affected parties.
- Discuss the innate contradictions that often arise in an ethical dilemma, where two or more different moral imperatives conflict
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- Decision tree analysis can be a useful tool for evaluating ethical decisions.
- Decision trees can be applied to ethical considerations.
- Consider an ethical dilemma involving a colleague.
- The top box of the decision tree would state "Colleague Dilemma."
- Decision trees therefore support the evaluation process and can help clarify often-complex ethical dilemmas.
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- Organizations use compliance and ethics programs to demonstrate and reinforce their commitment to ethical practices.
- On a more practical level, a compliance and ethics program supports the organization's business objectives, identifies the boundaries of legal and ethical behavior, and establishes a system to alert management when the organization is getting close to (or crossing) a legal or ethical boundary.
- Most ethics training focuses on clarifying and communicating an organization's ethical code so employees understand what is expected.
- Some ethics training will also cover the resources available to help employees when they face an ethical dilemma or suspect that someone in the organization has made an ethical breach.
- In every type of business, ethics are needed to keep business standards high.
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- Managers are responsible for upholding the ethical code and helping others to do so as well.
- Lastly, managers make themselves available as a resource to counsel and assist employees who face ethical dilemmas or who suspect an ethical breach.
- Of course, managers are responsible for upholding ethical standards in their own actions and decisions.
- In addition to following the organization's ethical code, managers may be obligated to follow a separate professional code of ethics, depending on their role, responsibilities, and training.
- The manager has an important role in maintaining ethical conduct in a firm, but a firm's ethics cannot simply be based on a "manager to the rescue" approach.
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- Decision trees are useful analytic tools for considering the ethical dimensions of a decision.
- Ethics are moral principles that guide a person's behavior.
- All decisions have an ethical or moral dimension for a simple reason—they have an effect on others.
- Decision trees can be applied to ethical matters as well.
- If confronted with an ethical dilemma, creating a decision tree is a useful method for analyzing what the potential outcomes of each action would be, and ultimately, how to proceed.
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- Moral sensitivity, which is "the ability to see an ethical dilemma, including how our actions will affect others."
- The ability to think through moral issues and dilemmas, then, requires an awareness of a set of moral and ethical values; the capacity to think objectively and rationally about what may be an emotional issue; the willingness to take a stand for what is right, even in the face of opposition; and the fortitude and resilience to maintain one's ethical and moral standards.
- Explain the role of ethical moral reasoning in the business environment
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- The ethics leaders exhibit reflects on their organizations, as well on themselves.
- Acting ethically preserves an organization's legitimacy as it uses societal resources to achieve its aims.
- Laws establish clear boundaries of what is acceptable, but ethics often involves more ambiguous questions.
- These dilemmas are where the judgment of a leader comes into play.
- Apply ethical standards to leadership perspectives, explaining the relevance of integrity and responsibility to leadership
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- Ethics are the set of moral principles that guide a person's behavior.
- Ethics are the set of moral principles that guide a person's behavior.
- The phrases business ethics and corporate ethics are often used to describe the application of ethical values to business activities.
- Ethics applies to all aspects of conduct and is relevant to the actions of individuals, groups, and organizations.
- In addition to individual ethics and corporate ethics there are professional ethics.
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- Business ethics deals with the beliefs and principles that guide management decisions.
- Business ethics (also corporate or professional ethics) is a form of applied ethics that examines the principles and moral beliefs that guide management decisions.
- This person ensures their organization has statements of ethical principals, clear guideline about acceptable and unacceptable practices, and means of reporting ethical breaches.
- Availability for advice on ethical situations (i.e., advice lines or offices)
- Good leaders strive to create a better and more ethical organization.
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- As part of comprehensive compliance and ethics programs, many companies formulate policies pertaining to the ethical conduct of employees.
- There are three types of ethical codes: codes of business ethics, codes of conduct for employees, and codes of professional practice.
- A code of business ethics often focuses on social issues.
- The effectiveness of such codes of ethics depends on the extent to which management supports and enforces them.
- State the importance of utilizing a code of conduct to outline and maintain ethical business standards within an organization