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Ethical Decision-Making Process in Business Administration

Ethical decision-making in business involves identifying facts, outlining options, considering implications, weighing considerations, and following a roadmap that includes gathering facts, defining the issue, identifying stakeholders, assessing consequences, and upholding integrity. It's crucial for companies to make ethical decisions by following a step-by-step process to ensure alignment with moral norms over economic gain.

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Ethical Decision-Making Process in Business Administration

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  1. Libyan International Medical University Faculty of Business Administration The Basic Ethical Decisions Making Process By: Mohammed Alfaitory ID: 3695 Email: mohamed_3695@limu.edu.ly

  2. Table of Contents 01 01. . 02 02. . 03 03. . Interdiction definition The basic ethical decision-making process ► The decision-making process 05 05. . basic ethical 04 04. . 06 06. . Conclusion References Reflection 2

  3. Introduction Determining a decision, acquiring data, and weighing potential solutions are all steps in the decision-making process. You can make more careful, intelligent decisions by organizing pertinent information and outlining alternatives by following a step-by- step decision-making process. 3 3

  4. What Is Ethical Decision-Making An approach to decision-making in a business known as ethical decision-making promotes moral norms over economic ones as a set of guidelines. For instance, we can state that it is morally required of parents to provide for their children, both because doing so is right and because not doing so is immoral. If parents did not look after their children, they would suffer and eventually pass away. CRÉDITS: Ce modèle de présentation a été créé par Slidesgo, comprenant des icônes de Flaticon, des infographies et des images de Freepik 4

  5. How to Make Ethical Decisions 1. Identify the facts. You must first confirm that you are in possession of all the information in order to make an ethical decision. 2. Lay out all possible options Outline all potential possibilities for the business decision once you know the situation's data. 3. Sort options by implication Consider the effects or consequences of each option after you have listed all of your options in the ethical decision-making process. 4. Weigh your considerations Decide which ethical values are most essential to your firm and which are least important after carefully weighing the ramifications of each choice. This will serve as your framework for making ethical decisions. 5

  6. Ethical decision-making process and roadmap 1. Gather the facts Jump to conclusions before all the information is in front of you. 2. Define the ethical issue The ethical problem must first be identified clearly before any solutions or new ideas can be considered. 3. Identify the stakeholders Identify each participant. 4. Identify the effects and consequences Consider both the decision's potential good and negative side effects. 5. Consider integrity and character Think about the community's opinion regarding the best course of action in this situation. 6

  7. Conclusion Making ethical decisions is crucial for a company, for professionals, and for people. Making ethical decisions requires information, investigation, and a topical study. Additionally, ethical decision-making must handle the problem while also adhering to some ethical rules or an ethical model/process. For instance, utilitarian 7

  8. Reflection In my opinion, The process of assessing and selecting options in a way that is consistent with ethical values is referred to as ethical decision-making. It's important to recognize unethical possibilities, remove them, and choose the most ethical alternative while making ethical judgments. 8

  9. References Ethical decision-making process: How to make ethical decisions - 2022. Master Class. (n.d.). Retrieved https://www.masterclass.com/articles/ethical-decision-making-process ● November 15, 2022, from Ethical decision-making archives. Tools here. (n.d.). Retrieved November 15, 2022, from https://www.toolshero.com/tag/ethical-decision-making/ ● Brown University. A Framework for Making Ethical Decisions | Science and Technology Studies. (n.d.). Retrieved https://www.brown.edu/academics/science-and-technology- studies/framework-making-ethical-decisions ● November 15, 2022, from 9

  10. Thanks! Thanks! Do you have any questions Do you have any questions? ?

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