When making ethical decisions, there are three very fundamental approaches, ethical egoism, altruism, and Utilitarianism. Ethical egoism is a belief about the highest good being self-serving regardless of the most top product when helping other people.
Decision making and ethical leadership is a crucial integral component of how individual view leadership (Arnold et al. 2019). Ethical egoism is a belief that the highest good is about being self-serving regardless of other people. On the other hand, altruism and the spectrum are believing that the most senior product comes from helping other people.
Three main Categories of Theory
The ethical theories are divided into three main types, consequentialist theory. The argument is concerned with moral consequences and actions. A consequentialist is a common approach when making an ethical decision over the ethical effects of the environment and government cooperation. The non-consequentialist theory tends to concern with the intentions of the individuals making a moral decision about particular actions (Arnold et al. 2019). Agent centered approach concerned with the overall noble status of an individual less concerned in identification morality of specific actions.
the ethical business dilemma
the most important thing to begin an ethical dilemma is locating to the external and possible extent, which specify moral aspects on issues at hand. what appears to be ethical disputes about facts concepts. Ethical dilemmas considered the involved parties. A necessary approach is reflected upon various and individuals groups who are affected by the decisions that might harm or benefit the business. Ethical dilemma ensures all information is gathered before taking any actions, potential sources and information are consulted, (Holden, 2019). Decision making is evaluated by examination of two approaches, possible effects that address various questions, and the choices made.
Analysis of Framework for dramatically questions
the ethical analysis framework uses a virtue approach crucial for the adoption of ideas, (Holden, 2019).
good business ethics are all bout courage, honesty, generosity, integrity, fidelity, fairness, and prudence. Virtues are habbits that enable one to acquire and become a characteristic person.
Arnold, D. G., Beauchamp, T. L., & Bowie, N. E. (2019). Ethical theory and business. Cambridge University Press.
Holden, A. (2019). Environmental ethics for the tourism-the state of the art. Tourism Review.