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Identity any limitations to the ¨Eight Steps to Soud Ethical Decision Making in Business process¨ approach or reasons why the steps might not work.

Identity any limitations to the ¨Eight Steps to Soud Ethical Decision Making in Business process¨ approach or reasons why the steps might not work.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Identity any limitations to the ¨Eight Steps to Soud Ethical Decision Making in Business process¨ approach or reasons why the steps might not work.

STEP 1 STEP 8 Check your Gut. Explain what you personally think is the right course of action in the case and the basis of Gather the Facts. Eight STEPS TO SOUND Generic Benchmarking Research. your recommendation. ETHICAL DECISION MAKING IN BUSINESS STEP 2 STEP 7 Define the Ethical Issues. Think Creatively about Potential Actions. Describe alternative courses of action that my be taken and determine the likely consequences of each proposed action for each stakeholder. Identify the primary ethical dilemma or issue. STEP 3 STEP 6 Identify the Affected Parties. Consider your Character and Integrity. List the stakeholders in the case and try to identify an important right of each stakeholder. STEP 4 STEP 5 Identify the Consequences. Identify the Obligations.
Transcribed Image Text:STEP 1 STEP 8 Check your Gut. Explain what you personally think is the right course of action in the case and the basis of Gather the Facts. Eight STEPS TO SOUND Generic Benchmarking Research. your recommendation. ETHICAL DECISION MAKING IN BUSINESS STEP 2 STEP 7 Define the Ethical Issues. Think Creatively about Potential Actions. Describe alternative courses of action that my be taken and determine the likely consequences of each proposed action for each stakeholder. Identify the primary ethical dilemma or issue. STEP 3 STEP 6 Identify the Affected Parties. Consider your Character and Integrity. List the stakeholders in the case and try to identify an important right of each stakeholder. STEP 4 STEP 5 Identify the Consequences. Identify the Obligations.
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