• Ethics:
-Rules and principles that define good or bad conduct
• WHAT IS ETHICAL DELEMA?
-situations in which there are significant value conflicts among different interests
-real alternatives that are equally justifiable
-Significant consequences to sakeholders.
• WHAT ISSUES CCAN LEAD TO ETHICAL DILEMMAS IN BUSINESS?
-discrimination
-sexual harassment
-conflict of interest
-customer confidence
-organizational resources
• WHAT ARE THE STEPS ONE SHOULD TAKE TO RESOLVE AN ETHICAL DILEMMA?
-recognize an ethical dilemma exits
-get the facts, including stakeholders
-identify and test your options (start with the list of ethical reasoning systems and develop options from on or two ERS)
-decide on options and double-check
-take action
NOTES 2/24
• WHAT ARE THE ETHICAL REASONING SYSTEMS ON MIGHT USE TO SOLVE AN ETHICAL DILEMMA
-Individualism
-Social group relativism
-Cultural relativism
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