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.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
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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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fabaad2bd-7fe3-426c-9d18-ce59487e8f9b%2F04ac9716-6f6f-486f-a616-0560e0553708%2Ftxe392m_processed.png&w=3840&q=75)
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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