MORE IDEAS FROM THE ARTICLE
A series of questions we can use to examine ethical issues we are faced with, centered around 4 dimensions:
It can take us out of the trap of just assuming we’re good people, without truly delivering on that assumption.
Decide what is the best thing to do when faced with moral issues, considering questions like:
At its simplest, ethics is a system of moral principles. They affect how people make decisions and lead their lives.
Ethics is concerned with what is good for individuals and society and is also described as moral philosophy.
The term is derived from the Greek word ethos which can mean custom, habit, character or disposition.
Leaders understand the complexity of making decisions. Their decisions must always align with these three dimensions:
To no one's surprise, these elements come into dispute from time to time. When this occurs, there are no simple answers but by closely considering these three aspects, leaders will go on confidently that the choices they make represent the best possible compromise between their values.
Courage isn’t about reckless risk-taking but is often the result of calculated actions that are taken in a measured and appropriate manner.
In business, bold, courageous actions provide the risk-takers with psychological currency, a kind of motivational force that emboldens an otherwise risk-averse individual.
Boldness becomes the fundamental component while pursuing an endeavour which is high in risk and reward.