ETHICAL DILEMMA IN BUSINESS

ETHICAL DILEMMA IN BUSINESS

Ethical dilemma (ethical paradox or moral dilemma) is a problem faced by business managers in the decision-making process. It is the decision making from few options where neither of these are absolutely acceptable from an ethical perspective. It is also known as ethical paradox, and moral dilemma. Ethical dilemmas are extremely complicated challenges that cannot be easily solved. Therefore, the ability to find the optimal solution for ethical dilemmas is critical to everyone.

In times of ethical dilemma, managers usually adopt certain strategies.

Refute the Paradox (dilemma): Under this strategy, the situation is carefully analyzed and the existence of the dilemma is be logically refuted. Sometimes, the dilemma may be just a feeling, or may not be so much complicated. If it is not so complicated, it is easy to solve.

Value Theory Approach: Under this strategy, choose the alternative that offers the greater good and the lesser evil. Selecting a less harmful option is the only way to find solution.

Find Alternative Solutions: Under this strategy, all the available options are found unethical. Here there is no question of selecting either of it. In this case, the problem can be reconsidered, and the new alternative solutions need to be sought.


Comments

Popular posts from this blog

BUSINESS ETHICS

FOUR VIEWS ON CONSUMER DECISION MAKING AND CONSUMER DECISION MAKING MODELS

SOURCES OF BUSINESS ETHICS