Explain the four dimensions of analyzing ethical dilemmas
Determining whether an action is ethical can be difficult. Learning to analyze a dilemma from both legal and ethical perspectives will help you find a solution that conforms to your own personal values.
a. Dimension 1: Behavior that is illegal and unethical: When considering some actions, you will reach the conclusion that they are both illegal and unethical. The law specifically outlines the "black" area-those alternatives that are clearly wrong-and your employer will expect you to become an expert in the laws that affect your particular area. When you encounter an unfamiliar area, you must investigate any possible legal implications. Frequently, your own individual sense of right and wrong will also confirm that the illegal action is wrong for you personally. In such situations, decisions about appropriate behavior are obvious.
b. Dimension 2: Behavior that is illegal yet ethical: Occasionally, a businessperson will decide that even though a specific action is illegal, there is a justifiable reason to break the law. A better course of action would be to act within the law, possibly while lobbying for a change in the law.
c. Dimension 3: Behavior that is legal yet unethical: If you determine that a behavior is legal and complies with relevant contractual agreements and company policy, your next step is to consult your company's or profession's code of ethics. This written document summarizes the company's or profession's standards of ethical conduct. Some companies refer to this document as a credo. If the behavior does not violate the code of ethics, then put it to the test of your own personal integrity.
d. Dimension 4: Behavior that is both legal and ethical:
Decisions in this dimension are easy to make. Such actions comply with the law, company policies, and your professional and personal codes of ethics.
You might also like to view...
When a firm supports a specific event, such as the Special Olympics, it is:
A) sponsorship marketing B) event marketing C) cause-related marketing D) tie-in marketing
Amounts owed to suppliers of goods and services are considered financing activities
Indicate whether the statement is true or false
Which of the following is an unlikely objective of U.S. government policy for the taxation of foreign MNEs?
A) to raise revenues B) to provide an incentive for U.S. private investment in developing countries C) to improve the U.S. balance of payments D) All of the above are objectives.
The main goal of the _____ process is to produce a cost baseline for measuring project performance and project funding requirements
a. cost budgeting b. cost planning c. cost controlling d. cost estimating