Decision-Making in Business and the Repercussions of Unethical Choices

In: Business and Management

Submitted By comojo45
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Decision-Making in Business and the Repercussions of Unethical Choices

In business, managers must attempt to take ethical approaches to all areas of work so as not to compromise the company, the employees, or the organization’s consumers. Specific criteria have been established for managers to follow in order to remain ethical, even when faced with unethical situations. Ivancevich, Konopaske and Mattseson identify these criteria as the following:
1. Utilitarian outcomes. The manager’s behavior results in optimization of satisfaction of people inside and outside the organization. In other words, it results in the greatest good for the greatest number of people.
2. Individual rights. The manager’s behavior respects the rights of all affected parties. In other words, it respects basic human rights of free consent, free speech, freedom of conscience, privacy, and due process.
3. Distributive justice. The manager’s behavior respects the rules of justice. It does not treat people arbitrarily but rather equitably and fairly (2012, Pg. 357-358).
By following these three criteria managers are able to help the company, respect rights of the companies’ employees and follow the law. These three criteria are what should be the foundation of every business in order to satisfy the needs of the company, its employees and follow the laws created by the government. This is not always the case, as is visible with many companies seeking to circumvent the law, disregard for employee rights, and managers looking out for what is best for the company’s bottom line but not its long-term survival, its ethical survival, or the welfare of its employees, consumers, and future generations.
Ivancevich, Konopaske and Mattseson go on to elaborate that there are exceptions to every rule, including the above discussed ethical criteria. Per Ivancevich, Konopaske and Mattseson, behavior may…...

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