Ethical Dilemmas in Business
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An ethical dilemma (ethical paradox or moral dilemma) is a problem in the decision-making process between two possible options, neither of which is absolutely acceptable from an ethical perspective.
The biggest challenge of an ethical dilemma is that it does not offer an obvious solution that would comply with ethics al norms.
The following approaches to solve an ethical dilemma were deduced:
Typically, the law tells us what we are prohibited from doing and what we are required to do. It is said that the law sets minimum standards of behavior while ethics sets maximum standards.
Ethics provides us with guides on what is the right thing to do in all aspects of life, while the law generally provides more specific rules so that societies and their institutions can be maintained. Ethics engages our thinking and also our feelings, including those of disgust and guilt.
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.
The way you frame your decision at the outset can make all the difference.
State your decision problems carefully, acknowledge their complexity and avoid unwarranted assumptions and option-limiting prejudices.
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