Ethical Decision Making : Business Ethics And Social Responsibility

The Cheesecake Factory has been one of the more successful chain restaurants in recent years because they have provided great food and outstanding customer service in a fun atmosphere. The cheesecake factory employs a high standard of general conduct and moral aptitude. As a chief executive officer in today’s society, it is my responsibility to ensure The Cheesecake Factory abides by the laws and ethical duties that are mandated by today’s society. There is a copious amount of benefits to being a chief executive officer, however there is an equal amount of risk as chief executive officers are held liable for almost any action or infraction that their company has induced.

Ethical decision-making is the means of assessing the available choices you have and selecting from them in a way that coincides with commonly practiced ethical values and principles. (Making Ethical Decisions, 2014) The benefit of ethical decision making can be purely personal, alleviating any thoughts of possible wrong-doing. Ethical decision-making also boosts your image due to the fact you come across as reputable and trustworthy. Instilling ethical decision-making in your students as an institution is crucial, if down the road within a work environment an individual is found to be practicing poor ethical decisions that will reflect poorly on them but will also reflect poorly on the institution they attended as well.

Business Ethics is helpful for decision-making process at all levels of organization. Following are major decisions required for solving ethical and regulatory issues

To understand “ethical decision making” it is best to break the phrase up. What is the definition of ethics? According to the website businessdictionary.com (2011), ethics are “basic concepts and fundamental principles of right human conduct.” It stands to reason that ethical decision making is the ability to make decisions based on core or base principles of correct human conduct. We at Acme Toy Company depend on employees at all levels to make the “right” choices when it comes to business decisions and their own conduct. How do we support them in their ethical decision making?

Management constitute amongst major components of a company, organization or a business. As such, management oversees employees interactions with their supervisors and also control of people within a particular organization. Also, it includes critical and ethical decision-making process so as to address various ethical dilemmas experienced by employees while undertaking their respective assigned duties within the company. Ethical dilemmas are hereby to stay as issues usually arise now and then and place a variety of options that bear different repercussions. Therefore, it calls for ethical and critical decision-making skills so as to make the most appropriate option that bears more benefits in comparison to other options presented. While making ethical decisions, it 's substantially important to play heed to a certain ethical decision-making theory. This would enable an individual making the decision to ripe best possible consequences rather than living to regret. Moreover, ethical decision making is typically important in business as making a wrong decision may result not only in huge losses but also poor relationship amongst colleagues and miserable life for employee(s) working in a particular company or business in question.

Ethical decision making can protect the interests of shareholders and stakeholders because it demonstrates that an organization is practicing good corporate social responsibility (CSR). When it comes to good CSR, Thompson and Soper (2007) believe that values can increase profits and build long term benefits as well (p. 133). Doing business in the global market place also requires some ethical or value based decisions making albiet they may be somewhat different from domestic ethics and values. The following paper examines the challenge of value/ethics based business decision making in the current global marketplace.

This case presents an ethical dilemma that many people in the business world face every single day. I am being asked to deceive the company’s major competitor to gain advantage over them in their production of a new, high quality fax machine. I understand that this trickery is wrong, but still need a paying job to support myself. I am torn between staying true to my moral beliefs and doing what’s right for the business.

Ethical decision making refers to the process of evaluating and choosing among alternatives in a manner consistent with ethical principles. In making ethical decision it is necessary to perceive and eliminate

This paper focuses on discussing the existence of “Ethical Leadership”, and how it ties into ethical decision making. Ethical decision-making and ethical leadership go hand and hand forming the basis of an ethical organizations. Ethical leadership guides the “Corporate Culture” thus heavily influencing ethical decision-making. Ethical leadership is the guide for organizational ethical decision-making, via its manipulation of the corporate culture.

Before applicants accepted, rental agent should have done a background check as a standard procedure.

In past years, organizations believed business ethics was only a way of managing compliance of legal principles and adherence to internal regulations and policies. Today the situation is different. Attention to business ethics is on the rise and many companies realize that in order to succeed, they must earn the respect and trust of their employees and clients. Presently organizations are being pushed to better their business performance to stress legal, ethical and socially responsible behaviors. Organizations are held responsible for their actions as demand grows for higher standards of social responsible behavior. With that being said, what are some of the ethical responsibilities companies have with their employees, and why are they so important in our ever changing business world?

Corporate Social Responsibility is essentially the idea that corporations should and have the responsibility to act outside of their own interest of profits and interest of shareholders. That a majority of the responsibility to fix economic, environmental, and social issues somehow weighs more heavily on corporations shoulders than our own. I am not in favor of this notion for several reasons to which I will argue. The definition and idea of CSR sets up more unanswered flaws and questions than it supposedly answers. It becomes a masquerade that highly profitable businesses can hide behind to gain customer loyalty and favor in the eyes of society,

CONCEPTS applied by the organization CAT (based on 3 units-communication skills, ethics and behaviour, goal settings)

Bovee, C. L., Thill, J. V. (2013). Business in Action Upper Saddle River, NJ: Pearson Education,

ITC Ltd has worked exremly hard to start several procedures that have led to compliance of the standards of social responsibility. ITC’s dealings within the tobacco industry have contributed to the increase in company revenues and the company has worked towards following the triple bottom line and giving back to society. Most, businesses pay little attention to their social responsibilities and make it part of their overall strategy, instead they concentrate more on financial benefits from the sales of products. Consequently, managing business in a socially responsive manner contributes to the best combination of business success and societal acceptance, trust and loyalty. Giving back to the community in ways that benefits only society such as planting trees to curb pollution and help the environment or using biodegradable materials in packaging can reap financial benefits to a company by building loyalty among the community. The notion of business ethics and corporate social responsibility is becoming a defining concept in all industries worldwide. ITC believes in the Triple Bottom Line philosophy where the performance and perception of a corporation should not be judged only on the basis of its financial statements or revenues, but its environmental and social performance as well. ITC is one of the only companies in the world to be carbon positive, water positive, and conduct solid waste recycling. ITC provides water to areas where water is very