Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Law & Ethics Expert

I. Identify the problem.
a. What is the environment?
b. What is the situation?
c. What are the options?

II. Identify the people and groups affected by choosing one of the above options.
a. Individuals: self, boss, client, subordinate, etc.
b. Groups: company, public, family, profession, etc.

III. Build a decision framework - What is going to be the basis for my decision?
a. Consequentialism - looking for good results or least harm
i. What will be the result of the decision for me personally?
ii. How are the above people and groups affected?
iii. Are they affected negatively or positively?

b. Deontology - duty and obligation
i. How deep is my obligation to each of the people and groups?
ii. How do I prioritize conflicting duties?

c. Virtue ethics - Who am I?
i. What fundamental principles are in play?
ii. What norms or traditions I practice are being challenged?
iii. What personal values that I hold are being affected or threatened?

1. Am I being asked to do something that I don't believe in?
2. Am I being asked to ignore something that I feel must be addressed?

IV. Make a decision

a. Base your decision on values that are supported by principles
b. Make a commitment to the decision

V. Take action
a. Do what you feel is right for the right reasons - Never mistake temptation for opportunity
b. Let the chips fall where they may - A person who ignores wrong becomes either an accomplice or the next victim

VI. Learn
a. Accept responsibility for your decision and your actions
b. Understand the difference between providing explanations and making excuses
c. Listen to feedback so you can learn from everyone's mistakes
d. Incorporate changes where possible to avoid similar situations in the future

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M91027699
  • Price:- $40

Priced at Now at $40, Verified Solution

Have any Question?


Related Questions in Business Law & Ethics

The good cop click on the tab and read the journal essay

The Good Cop." Click on the tab and read the journal essay. Pay particular attention to II The Third Way: Rightful Policing. In the essay, the author makes the case for, what she terms, "rightful policing." What is right ...

Exerciseform yourselves into groups and consider the

Exercise Form yourselves into groups and consider the question: What is research? Write a list of 5 characteristics of research. What are the characteristics of research at postgraduate level? Scholarship: "The analysis ...

Australian commercial law assessment - part a 300 words -in

AUSTRALIAN COMMERCIAL LAW ASSESSMENT - PART A (300 words) - In using the resources of the early Modules, your tribe discussed and developed a constitution. In the new constitution assume that there are rules protecting a ...

Group report1 this group assignment consists of 2 parts

GROUP REPORT 1. This group assignment consists of 2 parts. Part A is a case study on contract law, and Part B is a question involving Corporations Law. Both questions must be answered. 2. The total word limit for the gro ...

Property law for business assignment question -mrs betty

PROPERTY LAW FOR BUSINESS ASSIGNMENT QUESTION - Mrs Betty Joyce lives in an old, war-time vintage army shed in Baldivis. When she started to live in the shed, in the early 1960s, the whole area was a remote backwater. Si ...

Managing the legal environment assignment - research

MANAGING THE LEGAL ENVIRONMENT ASSIGNMENT - RESEARCH PROJECT Company: Nike (a) Summarise in about 250-500 words the characteristics/features of the organisation (you can choose a statutory/government body or select a bus ...

Assignment - advanced financial accounting1 classification

Assignment - Advanced Financial Accounting 1. 'Classification of liabilities is based on the same principles as the classification of assets.' Do you agree with this? Why or why not? 2. 'Classification of liabilities as ...

Assessment descriptionyou are required to watch the

Assessment Description You are required to watch the following YouTube clips from the GRI Secretariat: 1. The GRI Sustainability Reporting Standards: The Future of Reporting 2. Introducing the GRI Standards You must also ...

Corporations law - assignment questions -objectives -

CORPORATIONS LAW - ASSIGNMENT QUESTIONS - Objectives - Answer the following questions with reference to the relevant statute law and general common law principles operating in Australia concerning the consequences of the ...

Instructionplease choose one question from the following to

Instruction Please choose One question from the following to answer: 1. Dealsgate is a Victorian town in Southern-East England, famous for its beautiful beach. It used to attract many world-renowned writers and scholars ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As