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In addition, the ethical standards set forth by a person's superior(s) often translate into their own code of ethics. The company's policy is the 'umbrella' of ethics that play a major role in the personal development and decision-making processes that people make with respect to ethical behavior.
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]
Over time, as society developed and became more complex, researchers in various fields began to study the psychological bases of ethical behavior. For example, Aristotle asserts in Book II of the Nicomachean Ethics, the man who possesses character excellence will tend to do the right thing, at the right time, and in the right way. Behavioral ...
There are at least four elements that aim to create an ethical culture and behavior of employees within an organization. These elements are: a written code of ethics and standards (ethical code) ethics training for executives, managers, and employees; the availability of ethical situational advice (i.e. advice lines or offices)
Philosophers have sought to eliminate these contradictions by locating right and wrong in a single part of the decision-making process: for example, in the actions we take (e.g. Kant), in our character (e.g. Aristotle, virtue ethics) or in the consequences of our actions (e.g. Utilitarianism).
People make this decision by reasoning the morality of their potential actions, and through weighing their actions against potential consequences. A moral choice can be a personal, economic, or ethical one; as described by some ethical code, or regulated by ethical relationships with others. This branch of psychology is concerned with how these ...
Principlism is an applied ethics approach to the examination of moral dilemmas centering the application of certain ethical principles. This approach to ethical decision-making has been prevalently adopted in various professional fields, largely because it sidesteps complex debates in moral philosophy at the theoretical level.
Ethical issues also arise about whether a person has the right to end their life in cases of terminal illness or chronic suffering and if doctors may help them do so. [148] Other topics in medical ethics include medical confidentiality, informed consent, research on human beings, organ transplantation, and access to healthcare. [146]