The Ethics Of Decision Making

879 Words Oct 3rd, 2014 4 Pages
The methodology of decision making, subsequently, is an instrument to leverage the aggregate learning, experience and instinct of a group of individuals or an organization (Degraeve 2006). Great decision making in management includes decisions that could be made precisely inside a specific time period with negligible wastage of assets acquired along the way. An imperative thing in decision making is the ethical quality behind every decision (Jenny 2013).
Decision making then leads to two kinds of choices. An ethical decision which is characterized as a choice that is both legitimate and morally satisfactory to the organization and an unethical choice which is either unlawful or morally inadmissible to the organization (Jones 1991, p.367). Ferrell and Gresham (1985) state that there are two multifaceted approach which influence the probability of the ethical actions of the decision makers; individual and situational. The individual approach compromises of the psychological and demographic characteristics of the individuals. In the situational approach fall the organizational characteristics which play a complex role in decision making, at interaction with the individual factors (Glover et al. 1997).
In the individual approach, the demographic characteristics commonly involve gender, age and educational level of the employees. In most of the research, the empirical results for the relationship between demographics of employees and their unethical behavior have been…
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