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CH 5

Chapter 5 of 'Ethical Decision Making for Business' presents a framework for ethical decision making in business, highlighting the importance of ethical issue intensity, individual and organizational factors, and opportunity. It discusses how leadership styles and habits can influence ethical culture and decision making within organizations. The chapter aims to improve ethical leadership by providing insights into the decision-making process and the characteristics of strong ethical leaders.

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13 views11 pages

CH 5

Chapter 5 of 'Ethical Decision Making for Business' presents a framework for ethical decision making in business, highlighting the importance of ethical issue intensity, individual and organizational factors, and opportunity. It discusses how leadership styles and habits can influence ethical culture and decision making within organizations. The chapter aims to improve ethical leadership by providing insights into the decision-making process and the characteristics of strong ethical leaders.

Uploaded by

Saba Fatima
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Ethical Decision Making for Business 8e Fraedrich/ Ferrell/Ferrell

CHAPTER 5

CHAPTER 5

Ethical Decision Making and


Ethical Leadership
Chapter Objectives

• To provide a comprehensive framework for ethical


decision making in business
• To examine the intensity of ethical issues as an
important element influencing the ethical decision
making process
• To introduce individual factors that may influence
ethical decision making in business
• To introduce organizational factors that may influence
ethical decision making in business
Chapter Objectives (cont.)

• To explore the role of opportunity in ethical decision


making in business
• To explain how knowledge about the ethical decision
making framework can be used to improve ethical
leadership
• To provide leadership styles and habits that promote
an ethical culture
Chapter Outline

• A Framework for Ethical Decision Making in Business


• Using the Ethical Decision Making
• Framework to Improve Ethical Decisions
• The Role of Leadership in a Corporate Culture
• Leadership Styles Influence Ethical Decisions
• Habits of Strong Ethical Leaders
The Ethical Decision Making Process

• In business, people make decisions differently than at


home
• The ethical decision making process in business
includes ethical issue intensity, individual factors, and
organizational factors, such as corporate culture and
opportunity
Framework for Understanding the Ethical
Decision Making Process in Business

• Ethical-Issue Intensity
• Individual Factors
• Organizational Factors
• Opportunity
• Business Ethics Evaluations and Intentions
Using the Framework to Improve
Ethical Decisions
• It is impossible to objectively determine right and
wrong
• Having a thorough knowledge about how ethical
decisions are made will not solve ethical problems
• Ethical decision making in business does not rely
strictly on the personal values and morals of
individuals
Leadership in Corporate Culture

• Leadership: The ability or authority to guide and direct


others toward achievement of a goal
• Leadership styles influence organizational behavior
Leadership Styles

• Coercive leaders
• Authoritative leaders
• Affiliative leaders
• Democratic leaders
• Pacesetting leaders
• Coaching leaders
Types of Leaders

• Transactional leaders
• Transformational leaders
Habits of Strong Ethical Leaders

• Ethical Leaders Have Strong Personal Character


• Ethical Leaders Have a Passion to Do Right
• Ethical Leaders Are Proactive
• Ethical Leaders Consider Stakeholders’ Interests
• Ethical Leaders Are Role Models for the
Organization’s Values
• Ethical Leaders Are Transparent and Actively
Involved in Organizational Decision Making
• Ethical Leaders Are Competent Managers Who Take
a Holistic View of the Firm’s Ethical Culture

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