My interest in ethical decisionmaking models was further stimulated by andrew. Decisions that have an ethical aspect are subject to various biases in how. Ethical decision making free download as powerpoint presentation. We would like to show you a description here but the site wont allow us. Pdf the dissolution of ethical decisionmaking in organizations. Managers need to understand how employees make ethical decisions and the factors.
The flourishing field of behavioral finance indicates that people often do not engage in optimal decision making when investing. Honoring the good behind rights and justice in healthcare when more than justice is needed. From all the foregoing, the practical value of, and need for, ethical decision making. One of the assumptions upon which this decision making model is grounded is that intent is an essential component of the ethical decision making process. Deontologys focus on intention is consistent with marketing theories. The importance of a referent group was noted as well by jones and ryan. Decisions about right and wrong permeate everyday life. The same cognitive biases and mental heuristics that cause suboptimal investing may also cause people to make unethical decisions.
For that reason, good intentions are necessary, but they are not sufficient for finance professionals who desire to act ethically. Find, read and cite all the research you need on researchgate. A framework for making ethical decisions science and. Systematic rational ethical decisionmaking process. For the purpose of this paper, we define intentionality as an individuals internal process of organizing. The aim of this article is to underline for finance professionals that, although good intentions are essential to ethical behavior, they are not sufficient.
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