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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 ]
With regard to ethics, however, it can be used to reflect on any situation that requires moral decision-making. Its four steps, at least initially, should be followed in order. The Potter Box does not offer a single, clear-cut solution to ethical dilemmas.
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. [1]
This model follows a sequential, rational approach to ethical decision-making. This method utilizes description and prescription, where public administrators begin to describe to themselves and others an objective state of affairs, and then begin to suggest steps to change the situation. [7] The steps to this process are as follows:
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 ...
Sample flowchart representing a decision process when confronted with a lamp that fails to light. In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options.
Although a great deal of time may be required, stakeholder management should consider the Rational Decision-Making Model for the implementation of various aspects, details, and standards of an ethical system to the stakeholders. If an implementation has been performed successfully, then all stakeholders have accepted the newly designed ethics ...
The history of behavioral ethics includes the development of scientific research into the psychological foundations of ethical decision-making and behavior. Although the field does not have a precise starting point, its development can be traced through important milestones in psychology, sociology, and related disciplines.