A Model for Ethical Decision Making in Business: Reasoning, Intuition, and Rational Moral Principles [Book Review]
Graduate studies at Western
Journal of Business Ethics 104 (3):311-323 (2011)
|Abstract||How do business leaders make ethical decisions? Given the significant and wide-spread impact of business people’s decisions on multiple constituents (e.g., customers, employees, shareholders, competitors, and suppliers), how they make decisions matters. Unethical decisions harm the decision makers themselves as well as others, whereas ethical decisions have the opposite effect. Based on data from a study on strategic decision making by 16 effective chief executive officers (and three not-so-effective ones as contrast), I propose a model for ethical decision making in business in which reasoning (conscious processing) and intuition (subconscious processing) interact through forming, recalling, and applying moral principles necessary for long-term success in business. Following the CEOs in the study, I employ a relatively new theory, rational egoism, as the substantive content of the model and argue it to be consistent with the requirements of long-term business success. Besides explaining the processes of forming and applying principles (integration by essentials and spiraling), I briefly describe rational egoism and illustrate the model with a contemporary moral dilemma of downsizing. I conclude with implications for further research and ethical decision making in business.|
|Keywords||Ethical decision making Integration by essentials Intuition Moral principles Rational egoism Reason|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Vincent Di Norcia & Joyce Tigner (2000). Mixed Motives and Ethical Decisions in Business. Journal of Business Ethics 25 (1):1 - 13.
Vincent Di Norcia & Joyce Tigner Larkins (2000). Mixed Motives and Ethical Decisions in Business. Journal of Business Ethics 25 (1):1-13.
Richard J. McKenna (1996). Explaining Amoral Decision Making: An External View of a Human Disaster. [REVIEW] Journal of Business Ethics 15 (6):681 - 694.
Dawn R. Elm & Tara J. Radin (2012). Ethical Decision Making: Special or No Different? [REVIEW] Journal of Business Ethics 107 (3):313-329.
Robert Prentice (2004). Teaching Ethics, Heuristics, and Biases. Journal of Business Ethics Education 1 (1):55-72.
Kevin Morrell (2004). Decision Making and Business Ethics: The Implications of Using Image Theory in Preference to Rational Choice. [REVIEW] Journal of Business Ethics 50 (3):239-252.
A. E. Singer & N. T. Walt (1987). Corporate Conscience and Foreign Divestment Decisions. Journal of Business Ethics 6 (7):543 - 552.
Chris Robertson & Paul A. Fadil (1999). Ethical Decision Making in Multinational Organizations: A Culture-Based Model. [REVIEW] Journal of Business Ethics 19 (4):385 - 392.
Eugene C. Hargrove (1985). The Role of Rules in Ethical Decision Making. Inquiry 28 (1-4):3 – 42.
Kirsten Martin & Bidhan Parmar (2012). Assumptions in Decision Making Scholarship: Implications for Business Ethics Research. [REVIEW] Journal of Business Ethics 105 (3):289-306.
Suzanne C. Wagner & G. Lawrence Sanders (2001). Considerations in Ethical Decision-Making and Software Piracy. Journal of Business Ethics 29 (1-2):161 - 167.
Andrew West (2008). Sartrean Existentialism and Ethical Decision-Making in Business. Journal of Business Ethics 81 (1):15 - 25.
Naresh K. Malhotra & Gina L. Miller (1998). An Integrated Model for Ethical Decisions in Marketing Research. Journal of Business Ethics 17 (3):263-280.
Phillip V. Lewis (1989). Ethical Principles for Decision Makers: A Longitudinal Survey. [REVIEW] Journal of Business Ethics 8 (4):271 - 278.
Alan Wong & Eugene Beckman (1992). An Applied Ethical Analysis System in Business. Journal of Business Ethics 11 (3):173 - 178.
Added to index2011-11-08
Total downloads42 ( #31,843 of 740,591 )
Recent downloads (6 months)3 ( #26,535 of 740,591 )
How can I increase my downloads?