In this first assignment, the focus is on the ethical theories from Unit 1. Kant believed that ethical actions follow universal moral laws, such as “Don’t lie. December 4th, 2020 . Decision-Making Theories and Models: The Search for a Cultural-Ethical Decision-Making Model Decision-Making Theories and Models Arnaldo Oliveira Abstract This paper examines rational and psychological decision-making models. Business Ethics: An Ethical Decision-Making Approach presents a practical decision-making framework to aid in the identification, understanding, and resolution of complex ethical dilemmas in the workplace. Don’t cheat.” Deontology is simple to apply. control of people within a particular organization. The aim of this chapter is to define ethics, business ethics and cost related to unethical decision making. Descriptive and normative methodologies such as attribution theory, schema theory, prospect theory… These theories propose a set of ethical principles that can be easily … The course introduces the main concepts of business ethics and their relevance for managerial decision-making. Deontology is an ethical theory that uses rules to distinguish right from wrong. The normative model of decision making is a leadership model that helps managers to decide to which degree their team members should participate in the decision-making process. Focuses exclusively on three basic aspects of ethical decision making and behaviorhow it actually takes … Normative ethics is distinct from meta-ethics because it examines standards for the rightness and wrongness of actions, while meta-ethics … Ethical Decision Making And Ethical Decisions 1026 Words | 5 Pages. a normative ethical theory suggesting that an ethical decision requires us to observe only the rights and duties we owe to others, and, in the context of business, act on the basis of a primary motive to do what is right by all stakeholders In Unit 2 we began our discussion as to laws which affect workers. Business Ethics - and in particular Stakeholder Theory (Freeman et al., … It is the branch of philosophical ethics that investigates the set of questions that arise when considering how one ought to act, morally speaking. They include the stockholder theory, the stakeholder theory and the social-contract theory. Also, it includes critical and ethical decision-making process so as to address various ethical dilemmas experienced by employees while undertaking their respective assigned duties within the company. It provides a methodology for the identification, analysis and resolution of ethical dilemmas in business-related decisions (Kidder, 1995). View full-text Ethical Theories Applied in the Making of a Business Decision. At the end a case study will be analyzed based on Ethical Criteria. In Unit 1 we introduced business ethics and explored ethical theory. It just requires that people follow the rules … In an effort to establish some ethical guidelines for business, three normative ethical theories have evolved in Western capitalist societies. Don’t steal. A Stakeholder-Based Approach to Ethical Decision Making ... of moral ethics because this business decision is the result of the personal value of Pfizer's leaders. Deontology is often associated with philosopher Immanuel Kant. Normative ethics is the study of ethical action.