Chapter Four

Ethical Decision Making in Business

INTRODUCTION

Managers and executives make hundreds of decisions in an organization everyday in their business dealings. Many of these decisions may be morally and ethically justifiable, while some of them, often taken in the context of exigencies of business or compulsions of competitive pressures, may be unethical and even illegal. However, social thinkers, ethicists and academicians would like businessmen to improve their ethical standards, notwithstanding the pressures and compulsions of competitive business. This has become vital in the context of present day business and social environment. This raises the million dollar question: how to improve ethical decision making in business? We should ...

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