Question: What Does It Mean To Make An Ethical Decision?

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…•.

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 are the three key elements of ethical decision making?

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

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 examples of ethical behavior?

of principles incorporate the characteristics and values that most people associate with ethical behavior.HONESTY. … INTEGRITY. … PROMISE-KEEPING & TRUSTWORTHINESS. … LOYALTY. … FAIRNESS. … CONCERN FOR OTHERS. … RESPECT FOR OTHERS. … LAW ABIDING.More items…

What does it mean to be ethical?

adjective. pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct. being in accordance with the rules or standards for right conduct or practice, especially the standards of a profession: It was not considered ethical for physicians to advertise.

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 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 is a good ethical decision?

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.

Does ethical mean good?

For someone who is honest and follows good moral standards, use the adjective ethical. Sometimes the word is used for people who follow the moral standards of their profession. … An ethical lawyer or doctor does not try to take advantage of the client or patient’s unfortunate situation.

What is ethically wrong?

That’s just mean. But if you stole that cookie and then lied about it, that would be morally wrong, or unethical. The prefix un- means “not,” so something or someone who’s unethical is literally “not ethical.” In other words, that someone is lacking principles or morals.