Business Ethics and Corporate Governance, Second Edition

A FRAMEWORK OF ETHICAL DECISION MAKING

From what we have seen, it is clear that making an ethical decision is a tough task. When as individuals, we have to decide fairly on an ethical issue, we face an ethical dilemma as to which of the choices before us is likely to result in greater good or if not, lesser harm to others. Our perception of the potential consequence and judgement as to whether it is morally right or wrong will clinch the issue of decision making in our personal context. But in the organizational context, it becomes more complex as the individual is not free to choose what he or she wants, but has to face and get acclimatized to several other issues such as the corporate culture, structure and the goals of the organization, its ...