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Essay

Ethical Decision Making

Essay specific features

 

Issue:

Business

 

Written by:

Leon S

 

Date added:

December 14, 2014

 

Level:

University

 

Grade:

C

 

No of pages / words:

5 / 1154

 

Was viewed:

8977 times

 

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Essay content:

The use of extremely low-wage foreign workers, like in the Nike organization case, is a current concern and the subject is a complex one. There are many valid differences of opinion regarding what constitutes ethical behavior and how ethical decisions should be made and the subject is a complex one (Poznak Law Firm, 2003)...
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There are always pros and cons involved with any choice and the decision itself can be quite time consuming. When it comes to deciding whether or not to use cheap labor to cut costs, businesses must examine the ethics behind their decision-making processes. Four approaches that business owners commonly use to analyze ethical dilemmas are the utilitarian approach, which focuses on taking the action that will result in the greatest good for the greatest number of people; the moral rights approach, which is concerned with moral principles, regardless of the consequences; the universalist approach, in which one determines whether a particular action should apply to all people under all circumstances and whether you they would be willing to have someone else apply the rule to them; and the cost-benefit approach, which balances the costs and benefits of taking versus not taking a particular action...
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