What is the last step of the ethical decision making process

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Terms in this set (28)

Stakeholders

Anyone who affects or is affected by decisions made within a firm

Ethics

How human beings should properly live their lives

Normative ethics

Ethics deals with our reasoning about how we should act

Descriptive ethics

Social sciences, such as psychology and sociology, that provide account of how and why people act the way they do

Morality

How I should live my life

Personal Integrity

Your personal morals

Social Ethics

How should we live (business ethics)

Values

Underlying beliefs that cause us to act or deciding one way or another

Norms

Standards of appropriate and proper ("normal") behavior

Ethical Values

Those beliefs and principles that impartially promote human well being

Risk assessment

Process that identifies potential events that may affect the entity, and manage risk, to provide reasonable insurance

Practical Reasoning

Reasoning about what we should do

Theoretical Reasoning

Reasoning about what we should believe

First step in ethical decision making process

Determine the facts

Perceptual Differences

How individuals experience and understand situations differently

Second step in ethical decision making process

Identifying ethical issues involved (first step if issues are introduced first)

Normative Myopia

Shortsightedness about values

Inattentional blindness

When you focus on failures or a particular element of an event and miss the surrounding details

Change Blindness

Decision makers fail to notice gradual changes over time

Third step of ethical decision making process

Identify and consider all people affected by a decision

Fourth step of ethical decision making process

Consider available alternatives

Moral imagination

Creatively identifying alternatives

Fifth step in ethical decision making process

Compare and weigh alternatives

Sixth step in ethical decision making process

Make a decision

Seventh and last step in ethical decision making process

Monitor and learn from outcomes

Simplified decision rules

Simple rule to follow for decision makers

Consider limited alternatives

When decision makers only see two options when there is always more

Minimum decision criteria (satisficing)

Selecting the option that people can live with, but may not be the best option

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What are the 7 steps to ethical decision making?

A 7-STep Guide to Ethical Decision-Making.
State the problem. ... .
Check the facts. ... .
Identify relevant factors (internal and external)..
Develop a list of options. ... .
Test the options. ... .
Make a choice based on steps 1-5..
Review steps 1-6..

What is the last step of the ethical decision making process Mcq?

The correct answer is evaluating the decision's effectiveness. The last step in the process of decision-making is Evaluating or Monitoring the decision's effectiveness.

What are the 5 steps of ethical decision making?

A Framework for Ethical Decision Making.
Identify the Ethical Issues..
Get the Facts..
Evaluate Alternative Actions..
Choose an Option for Action and Test It..
Implement Your Decision and Reflect on the Outcome..

What are the 6 steps in the ethical decision making process?

Understanding Ethics.
Know the Facts. Before tackling an ethical issue, clearly define the nature of the challenge. ... .
Identify the Required Information. You don't know what you don't know. ... .
List the Concerns. ... .
Develop Possible Resolutions. ... .
Evaluate the Resolutions. ... .
Recommend an Action..