The Ethics Of Decision Making

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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).…show more content…
2010). But it has been established in the literature that psychological characteristics like utilitarianism, formalism, ego strength and locus of control have an exponential impact on the choices of the individuals The outstanding ethical theory remains Kohlberg’s (1969) cognitive moral development theory which proposes six stages of moral judgment and rooted within three broad categories; pre-conventional level, conventional level and principle level. At the lowest two stages (pre-conventional level), the conceited yet outward-looking individuals reasons about what is correct based upon concern toward acquiescence to power and fear of punishment. At the middle two stages (conventional level), moral judgment is all the more externally arranged, depending on the desires of authoritative figures or principles or laws. At last, at the most astounding stages (principled level) the individual figures out what is correct independently by particularly looking to generally held standards of equity and rights. As per Kohlberg’s theory, people travel through stages in an invariant, unalterable alignment, on the basis that higher stages rely on cognitive limit that is inaccessible at lower stages. Empirical research by Treviño et al. (2006) found that most individuals are at the conventional level, implying that their reasoning about what is correct is to a great extent impacted by significant others and also laws and principles. The impact of different aspects
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