Essay on The Influence of Ethics on Decision Making

Ethics, in business, refers to moral principles and standards that define acceptable behavior in the world of business. Ethical decisions foster trust among individuals and in business relationships. Recognizing ethical issues is important in the workplace. An ethical issue is an identifiable problem requiring a person or organization to choose from among several actions that may be evaluated as ethical or unethical. When you’re determining is a situation is ethical or not, there are three factors to take into consideration. Individual factors, organizational factors, and opportunity. Individual factors are sets of principles that describe what a person believes are the right way to behave. Organizational factors include the influence of managers, coworkers, and the work group. Opportunity is a set of conditions that punish unfavorable behavior or reward favorable behavior. “Target thrives on competing to win in the marketplace. We compete and negotiate actively, but always with integrity. Taking advantage of anyone by manipulating or concealing

Ethics involve an individual's moral judgments concerning what is right and/or wrong. Individuals or groups of people are responsible for making decisions in an organization (shaw, 2008). Decisions within the organization are always emanate from the company's culture. However, the decision to act ethically and morally requires an individual judgment. Thus, members of staff are obligated to make decisions that reflect their right course of action (shaw, 2008). This involves rejecting the option that could lead to the greatest short-term gain. The leadership of most organizations stresses the need to adopt ethical behaviors and corporate social responsibility. Ethical dealings can earn the organization various benefits. For instance, it may attract more clients to the business thus boosting sales; employees could be motivated to stay longer in the organization thereby reducing recruitment expenditures. Ethical behaviors could also earn the business a favorable reputation that could attract investors. Categorically, a lack of social responsibility or unethical behavior may hurt the firm's reputation and scare away investors. Sales and profits could fall in the process.

(Panza & Potthast, n.d.) Ethics is very important to a company’s success. Ethical behavior can bring benefits to a business. They can attract customers, which can lead to a boost in sales and profits. It can attract the right employees and increase productivity. It can also attract investors and keep the company’s share price high. Unethical behavior on the other hand can damage a company’s reputation and make it less appealing to stakeholders. It could also result in lower profits.

The essay will talk about a summary about the writer’s experience with ethical decision making. The events that was covered the summary’s, about the five ethical decisions in life. From the judgments of the bad or good, or right and wrong, proper or improper, and also just or unjust. The writer has made some terrible decisions, which lead to some consequences. Also, there has been some life altering decisions made in the summaries below.

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.

Individual ethics refer to the ability to differentiate what is right from what is wrong. This may entail personal values, norms and beliefs. The influence of individual beliefs and values as well as the values of the coworkers has a great impact on an individual’s decision making (Ferrell, Fraedrich and Ferrell, 2006). While some organizations encourage their employees to come up with ethical choices, other organizations lead to promotion of immoral conduct within their employees. There is an assumption that many people make choices which are grounded on their personal values and beliefs. According to social scientists, there are various factors that influence ethical decision making, and individual factors are among the significant factors to consider.

Ethical principles are applied when considering ethical decisions. Autonomy and beneficence are two out of the seven ethical principles. Autonomy is basically the right, that a person can make decisions for herself; while beneficence is the act to benefit and avoid harm to others (Alfaro-LeFevre, 2013). In this case of ethical dilemma, a 17-year-old patient with Hodgkin’s lymphoma wanted to stop her chemotherapy treatment. Although, the patient is displaying autonomy, she was under age at the time and her mother was her guardian. One would think her mother will go against her wishes of stopping her treatments, but in contrast her mother agreed to stop her chemotherapy. The court was involved in the case because the doctor advised against their wishes. The court then appointed a state guardian and the chemotherapy continued and the patient is now in remission (Macklin, 2015). In the latest new she now would like to be released from state custody and wants to continue and finish all her treatment (Briggs, 2015).

Ethical decisions are ones that everybody makes everyday either knowing it or not. Ethical decisions are not ones that are right or wrong but ones that take deep thought about them to make that decision. I myself had a situation in which I had to make an ethical decision. My situation was that my best friend Eddie got a sexually transmitted disease that is harming him and he asks me not to tell his girlfriend Amber about it or his family about it. Eddie got chlamydia and herpes from messing around with another girl but does not want amber to know because he know she will break up with him if she finds out. Eddie also believes that his fellow friends with act a certain way after find out that Eddie got chlamydia and herpes from another girl

Admiring how ethics takes a role in the workplace is a significant way to start individual's thinking about the emotional and psychological aspects of ethical decision-making. There are many steps businesses can take into account when incorporating ethical decision-making into their practices, beginning with ethics training. All businesses, regardless of for-profit status should embrace ethics training at all levels of the organization. When an entire business takes part in learning the values of ethics together the program will be more successful. Ethics training is an important motivator for productivity as well as a way to practice the organization’s values. This training will enhance awareness of employees and open up the opportunity to discuss unusual ethical decisions that may

Effective communication is so important for organizational success Good Leadership ensures active participation. Most organizations concentrate on hiring individuals with certain qualities but you really do not know what type of people you are hiring until you get to know them that might be late.

In today's business and personal world, ethical decisions are made on a daily basis. Most of these decisions are based on company ground rules. The others are based on personal ground rules. All decisions can have a number of ground rules that help us determine whether our decision is ethical or unethical. Each decision whether it is based on company or personal ground rules will have its own set of implications. In the following paragraphs I will discuss the impacts of ethics on decision-making, discuss the elements of an ethically defensible decision, define what the ground rules are; what they could be and what they should be, discuss

Organizations are always being faced with ethical dilemmas and situations that affect their decision-making. For businesses to be successful, they need to be able to resolve ethical issues that may arise in the workplace. Resolving ethical issues within an organization takes time, communication, and implementation. Managers have to communicate to other employees what is expected of them of how they should react in an ethical situation. When managers make decisions regarding ethical behavior they cannot simply make a decision and leave it alone. Managers need to be the leading force behind implementing such decisions. Ethical issues can destroy an organization if they are not attacked with a

“We have always known that heedless self-interest was bad morals; We know now that it is also bad economics”

What are the relevant facts of the case? What facts are not known? Can I learn more about the situation? Do I know enough to make a decision?

To start with, we must know about what ethics means. When we talk about ethics we mean that moral ideas and principles every human has. Those ideas that gives the definition of the right and wrong. But not everyone has the same moral principles about wrong and right. And when we talk about principles we mean a person’s bad and good behavior and how every one of us concept them. Thinking about ethics immediately comes in our mind is what we learn about studying in ethics. We learn what is good and what is bad to do. It’s like a method about creating levels and a kind of category of human value. And why is ethics so important? Because if we don’t think with the basic of morals and values and how we pursue them then there would be a wrong way of working down something and achieve a goal. Or let’s think about starting working as a team for an x job, and someone tries to steel an idea from someone else inside a team, that’s wrong. For someone else it would be just right. So, then we talk about morals. And what morals are talking about is something refers to ethics and those