Ethical Awareness & Framing (Ethical Decision-Making)
Business is complex, so it is vital that businesspeople can recognize and address ethical issues as they arise. Ethical awareness and framing is the first step in ethical decision-making. Awareness and framing involve exploring and evaluating both the ethical and business aspects of a situation. It also means recognizing the ethical implications of one’s actions and potential repercussions from decisions.
Examples
Fundamental Moral Unit
When making ethical decisions, the one consideration that a theory favors over all other considerations is called the Fundamental Moral…
Learn MoreWork force of good
Workplace campaigns continue to be a considerable player in charitable giving, generating over $4 billion annually. Workplace giving campaigns provide…
Learn MoreEthics as a process
Use this diagram as a way to frame and make ethical decisions. There are many recommendations for how to go…
Learn MoreGetting culture right as your company grows
Q: How can we grow and maintain our culture? We have a strong company culture. We are growing regionally. How…
Learn MorePractical Guidance
Key steps to making a well-informed business decision
By Ernest Owens NOVEMBER 15, 2020 — 2:00PM Q: What steps do you go through when you make a business decision? A: The assumption is you are conducting a cost vs. benefit analysis. You are in a situation where you want to optimize your return. First state the problem clearly; what are you trying to improve? Then have someone or group you trust give their insight on the issue. Will your decision enhance or detract from your stated objectives? Once confident you understand the issue, define the cost to do it both quantitatively and qualitatively. On the quantitative side, what cost outlays…
Learn MoreMoral Illusions Explained
We’re all familiar with optical or auditory illusions and how they can affect our perception. But just as our physical senses can be tricked, our moral sense can be fooled, too. Moral illusions can lead even the most well-meaning people astray. Learning about behavioral ethics can help you uncover these moral illusions. And it can also help you learn how to guard against them. https://www.youtube.com/watch?v=i_4g-cNQD-c&t=5s
Learn MoreTangible and Abstract
Tangible and abstract describes how we react more to vivid, immediate inputs than to ones removed in time and space, meaning we can pay insufficient attention to the adverse consequences our actions have on others. https://www.youtube.com/watch?v=RYdXjxdZkRc
Learn MoreRole Morality
Role morality is the tendency we have to use different moral standards for the different roles we play in society. https://www.youtube.com/watch?v=_tPveSnUyVY
Learn MoreMoral Emotions
Moral emotions are the feelings and intuitions that play a major role in most of our ethical decision making and actions. https://www.youtube.com/watch?v=C1Xtjg2GtJw
Learn MoreLoss Aversion
We hate losses about twice as much as we enjoy gains, meaning we are more likely to act unethically to avoid a loss than to secure a gain. This phenomenon is known as loss aversion. https://www.youtube.com/watch?v=ordixI8HIew
Learn MoreIncrementalism
Referred to as the slippery slope, incrementalism describes how we unconsciously lower our ethical standards over time through small changes in behavior. https://www.youtube.com/watch?v=ky2sAsLUKeo
Learn MoreIncentive Gaming
Incentive gaming, or “gaming the system,” refers to when we figure out ways to increase our rewards for performance without actually improving our performance. https://www.youtube.com/watch?v=r4NUo8Zr8Vg
Learn MoreEthical Fading
Ethical fading occurs when we are so focused on other aspects of a decision that its ethical dimensions fade from view. https://www.youtube.com/watch?v=UdU4VZqRIO0
Learn MoreConflict of Interest
Conflict of interest arises when we have incentives that conflict with our professional duties and responsibilities in ways that cause harm to others and to society. https://www.youtube.com/watch?v=aQpZnlWk9As
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