The Business Ethics Decision-making Process

Business Ethics Institutional Affiliation Student’s name Course Name /Section Professor’s name Submission Date Table of Contents TOC \o "1-3" \h \z \u Abstract PAGEREF _Toc511206909 \h 3Ethics PAGEREF _Toc511206910 \h 4Business Ethics PAGEREF _Toc511206911 \h 4Ethics Issue PAGEREF _Toc511206912 \h 5Ethical Decision-Making Process PAGEREF _Toc511206913 \h 5PLUS Ethics Model PAGEREF _Toc511206914 \h 8Identification of Lenses PAGEREF _Toc511206915 \h 9Application of Lenses PAGEREF _Toc511206916 \h 9The significance of Ethics in Business PAGEREF _Toc511206917 \h 12Impact of Ethics on Leaders and Followers PAGEREF _Toc511206918 \h 14Personal Experience PAGEREF _Toc511206919 \h 15Application PAGEREF _Toc511206920 \h 16Recommendation PAGEREF _Toc511206921 \h 17Conclusion PAGEREF _Toc511206922 \h 18 Abstract This essay entails a thorough analysis of a business ethics decision-making process and the assessment of possible resolution approaches through the various ‘ lenses.’ The introductory part defines ethics and business ethics and highlights its significance to a business internally and externally. The content featured in this essay has been drawn from the textbook and researching various peer-reviewed articles regarding business ethics. Additionally, this essay features the impact of establishing ethical standards in the workplace and how it affects the management decision-making process, working environment and the company culture. This essay also features several ethical theories and how they are applied in assessing a business’ sustainability, balancing scoreboards, and corporate social responsibility in organizations. Additionally, it also features a business ethics case study and dissects the rationale behind the management approach to the issue. The case study featured here is used as a reference guide on how to apply the business ethics in a real world environment. It analyzed in accordance to various ethical lenses and PLUS Ethical Decision-Making model to understand the rationale of the management decision against their employee and how the case affected the business internally and externally. Keywords: Ethics, Business Ethics, Ethical Standards, Ethical Lenses, Ethical Theories Ethics Definition: Ethics, also known as moral philosophy, is a branch in philosophy that deals with values concerning human conduct; wrongness and rightness of certain human actions, and the badness or goodness of the intent and outcome of those actions (Meyer et al., 2017). Ethics is individual’s situation-dependent application of moral standards, which he/she derived from the beliefs, traditions, and values that are predominant in societies,regarding what is perceived as wrong or right conduct (Anderson et al., 2014). Business Ethics Business ethics, also known as corporate ethics, is a type of professional ethics or applied ethics that examine moral principles and moral problems that arise in business environments (Meyer et al., 2017). Business ethics apply to all facets of business conduct and are relevant to the conduct of entire organizations and individuals within them. Theses ethics are embedded int the companies culture and come from organizational statements, legal systems, or individuals. These values, norms, unethical, or ...