Decision making and business ethics: The implications of using image theory in preference to rational choice [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Journal of Business Ethics 50 (3):239-252 (2004)
The study of decision making has multiple implications for business ethics. This paper outlines some commonly used frameworks for understanding choice in business. It characterises the dominant model for business decision making as rational choice theory (RCT) and contrasts this with a more recent, naturalistic theory of decision-making, image theory. The implications of using RCT and image theory to model decision making are discussed with reference to three ethical systems. RCT is shown to be consistent with Utilitarian ethics, but not with Kantian or Virtue-based ethics. Image theory is shown to be consistent with each. The paper identifies a number of implications following from this analysis.
|Keywords||ethical decision making image theory rational choice|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
Kevin Morrell & Ian Clark (2010). Private Equity and the Public Good. Journal of Business Ethics 96 (2):249 - 263.
Kevin Morrell & Chanaka Jayawardhena (2010). Fair Trade, Ethical Decision Making and the Narrative of Gender Difference. Business Ethics 19 (4):393-407.
Similar books and articles
Scott J. Reynolds, Frank C. Schultz & David R. Hekman (2006). Stakeholder Theory and Managerial Decision-Making: Constraints and Implications of Balancing Stakeholder Interests. [REVIEW] Journal of Business Ethics 64 (3):285 - 301.
Taran Patel & Anja Schaefer (2009). Making Sense of the Diversity of Ethical Decision Making in Business: An Illustration of the Indian Context. [REVIEW] Journal of Business Ethics 90 (2):171 - 186.
Neil C. Herndon (1996). A New Context for Ethics Education Objectives in a College of Business: Ethical Decision-Making Models. [REVIEW] Journal of Business Ethics 15 (5):501 - 510.
Bill Shaw (1995). Virtue Ethics and Contractarianism. Business Ethics Quarterly 5 (2):297-312.
Terry W. Loe, Linda Ferrell & Phylis Mansfield (2000). A Review of Empirical Studies Assessing Ethical Decision Making in Business. [REVIEW] Journal of Business Ethics 25 (3):185 - 204.
Rommel Salvador & Robert G. Folger (2009). Business Ethics and the Brain. Business Ethics Quarterly 19 (1):1-31.
Loránd Ambrus-Lakatos (2001). On Rational Choice of Final Ends. Croatian Journal of Philosophy 1 (2):117-133.
Stephen B. Knouse & Robert A. Giacalone (1992). Ethical Decision-Making in Business: Behavioral Issues and Concerns. [REVIEW] Journal of Business Ethics 11 (5-6):369 - 377.
Jaana Woiceshyn (2011). A Model for Ethical Decision Making in Business: Reasoning, Intuition, and Rational Moral Principles. [REVIEW] Journal of Business Ethics 104 (3):311-323.
Kirsten Martin & Bidhan Parmar (2012). Assumptions in Decision Making Scholarship: Implications for Business Ethics Research. [REVIEW] Journal of Business Ethics 105 (3):289-306.
Added to index2009-01-28
Total downloads71 ( #25,116 of 1,679,342 )
Recent downloads (6 months)7 ( #33,853 of 1,679,342 )
How can I increase my downloads?