Question: What Are 3 Factors That You Should Consider When Making An Ethical Decision?

What are the key factors in correcting a poor decision?

Describe the key factors in correcting a poor decision.

Stop-Think-Go.

Stop and admit that you made a poor decision and don’t cast blame on others.

Think about whom you can talk to and discuss options to correct the situation..

What are the factors affecting decision making?

There are several important factors that influence decision making. Significant factors include past experiences, a variety of cognitive biases, an escalation of commitment and sunk outcomes, individual differences, including age and socioeconomic status, and a belief in personal relevance.

How do you know if a decision is ethical?

Making Ethical Decisions: A 7-Step PathConsider the reliability and credibility of the people providing the facts.Consider the basis of the supposed facts. If the person giving you the information says he or she personally heard or saw something, evaluate that person in terms of honesty, accuracy, and memory.

What are the five steps of ethical decision making?

The Leader’s Choice: Five Steps to Ethical Decision Making….Assessment: Make sure you have all the facts about the dilemma. … Alternatives: Consider your choices. … Analysis: Identify your candidate decision and test its validity. … Application: Apply ethical principles to your candidate decision. … Action: Make a decision.

What 3 factors influence the ethical decision making process?

Three of the important components of ethical decision making are individual factors, organizational relationships, and opportunity.

How do you influence decisions?

6 Keys to Influencing People, Not Manipulating ThemUnderstand the decision cycle. People move through six predictable stages—a universal decision cycle—whenever they make a change. … Establish trust. If people don’t trust you, they won’t allow you to influence them. … Create urgency. … Gain commitment. … Initiate change. … Overcome objections.

What are some examples of ethical decision making?

10 Great Examples of Ethical Decision Making In BusinessCostco’s Decision To Pay Fair Wages. … Volkswagen’s Strategy to Reduce its Workforce Without Layoffs. … Best Buy’s Commitment to Sustainability. … Woolworth’s gets out of liquor and gambling. … CVS Health Stops selling tobacco. … Chick-fil-A Pays for Employee Education. … McDonald’s invests in Employee Skills and Animal Rights.More items…•

What makes ethical decisions so difficult?

WHAT MAKES ETHICAL DECISIONS SO DIFFICULT? Ethics is often a problem because the situations we face as managers are hardly ever clear-cut. People have different worldviews that they bring into their decision-making processes, which causes individuals to see and interpret situation in different ways.

What are the 7 steps to ethical decision making?

1 – GATHER THE FACTS. □ Don’t jump to conclusions without the facts. … 2 – DEFINE THE ETHICAL ISSUE(S) … 3 – IDENTIFY THE AFFECTED PARTIES. … 4 – IDENTIFY THE CONSEQUENCES. … 5 – IDENTIFY THE RELEVANT PRINCIPLES,6 – CONSIDER YOUR CHARACTER &7 – THINK CREATIVELY ABOUT POTENTIAL.8 – CHECK YOUR GUT.More items…

What are the three ethical decision criteria explain?

What are the three ethical decision criteria, and how do they differ? The three ethical decision criteria are utilitarianism, rights and justices. Utilitarianism criterion in decisions is on their outcomes, which has a goal such as efficiency, productivity, and high profits.

What makes an ethical decision?

An ethical decision is one that engenders trust, and thus indicates responsibility, fairness and caring to an individual. … Ethical decision-making requires a review of different options, eliminating those with an unethical standpoint, and then choosing the best ethical alternative.

What’s the most important factor in decision making?

There are several important factors that influence decision making. Significant factors include past experiences, a variety of cognitive biases, an escalation of commitment and sunk outcomes, individual differences, including age and socioeconomic status, and a belief in personal relevance.

How does ethics affect decision making?

Ethical decisions generate and sustain trust; demonstrate respect, responsibility, fairness and caring; and are consistent with good citizenship. These behaviors provide a foundation for making better decisions by setting the ground rules for our behavior.

What is unethical decision making?

Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry. Individuals can behave unethically, as can businesses, professionals and politicians.