Ethical Decision-Making Strategies in MGMT1000 Essay

Verified

Added on  2023/04/08

|4
|654
|106
Essay
AI Summary
This essay examines ethical decision-making models crucial for managers, focusing on the principles of utilitarianism, moral rights, justice, and practical rules. It emphasizes the importance of considering the interests of stakeholders and the general public when making decisions. The essay explores how managers face ethical dilemmas and the impact their choices have on companies and individuals. It argues for the use of ethical decision-making strategies to navigate complex situations, particularly in the context of environmental concerns and the need to adhere to regulations like the Paris Agreement. The essay also highlights the significance of transparent communication in upholding company standards and addressing the needs of the people. The essay references various academic sources to support its arguments, providing a comprehensive overview of ethical considerations in management.
Document Page
Running Head: ESSAY 1
Essay
Name
Affiliation
Instructor
Date
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Essay 2
Essay Plan: Ethics
Ethical decision making is fundamental for managers. Managers must make the right
decisions by taking into consideration interests that shareholders and the general public
have. Success is mainly attained through adherence to regulations, addressing concerns
from shareholders and spearheading goals that have been set by the company. It is these
decisions that put managers in tough positions because the decisions they make can have
positive or negative impacts to them and to the companies they represents. As such, they
have to make prudent decisions. This leads to situations of dilemma. For their decisions to
have an impact, managers must use ethical decision making strategies and rules. Successful
mangers use four ethical decision making rules namely: the utilitarian, justice, moral rights
and practical rule
Starting with the utilitarian rule, managers should ensure that the decisions they make have
a greater good to the greatest number of people. In this case, the decision should be good
to many shareholders as well as the general public at large. The moral rights rule can be
used to protect and maintain fundamental privileges and rights that the people have.1 Here,
climate changes are taking effect hence the need to adopt measures to curb carbon
emissions. The manager should implement measures that reduce carbon emissions. The
third rule is justice rule where ethical decisions should be impartial, equitable and fair.
Shareholders will definitely feel the need to reduce carbon emissions despite it being costly
for the company. Lastly, the practical rule takes urgency and the people into consideration.
Decisions are communicated swiftly because they have interests of the people and company
1 Kelly, Janet, and Emma Welch. "Ethical decision-making regarding infant viability: A discussion." Nursing
Ethics 25, no. 7 (2018): 897-905.
Document Page
Essay 3
at heart.2 Managers should not hesitate in communicating their decisions especially when
there is need for the decision to uphold the company standards and the needs of the
people. These rules are essential for managers as well as other leaders in a company. In this
particular scenario, the manager can use the Utilitatrian rule. There have been concerns
across the globe about global warming that has been caused by pollution. Coal mines lead in
the destruction of the environment. For the better good of the population and the
company, it is prudent for the manager to adhere to the Paris Agreement as well as meeting
the new rules being set by the investors thus accepting the request being made3.
In a nutshell, managers should be guided by principles which not only favor them, but the
world at large. In the scenario presented, the manager has many options to pursue. Because
of ethics, he is forced to consider the right thing that can be done so that the entire
population, the shareholders and the company can become successful. Some managers will
look into the needs of the company and investors only because they desire to make huge
profits and at the same time neglect the demands of other parties. Through the use of
ethical rules in decision making, one can be able to solve situations of dilemma hence being
seen as a good leader.
2 Goodman, Bryce, and Seth Flaxman. "European Union regulations on algorithmic decision-making and a
“right to explanation”." AI Magazine 38, no. 3 (2017): 50-57.
3 Baral, and Mohan P. Pokharel. "How sustainability is reflected in the S&P 500 companies’ strategic
documents." Organization & Environment 30, no. 2 (2017): 122-141.
Document Page
Essay 4
References
Baral, and Mohan P. Pokharel. "How sustainability is reflected in the S&P 500 companies’
strategic documents." Organization & Environment 30, no. 2 (2017): 122-141.
Goodman, Bryce, and Seth Flaxman. "European Union regulations on algorithmic decision-
making and a “right to explanation”." AI Magazine 38, no. 3 (2017): 50-57.
Kelly, Janet, and Emma Welch. "Ethical decision-making regarding infant viability: A
discussion." Nursing Ethics 25, no. 7 (2018): 897-905.
chevron_up_icon
1 out of 4
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]