What is ethical decision-making?

Ethical decision-making involves the evaluation and selection of options that align with established ethical principles and values. This approach entails considering the implications of decisions not just in terms of legality or financial gain, but also regarding fairness, respect for others, responsibility, and the greater good.

The emphasis on aligning choices with ethical standards means that individuals and organizations strive to make decisions that uphold integrity and contribute positively to their stakeholders and society at large. In practical terms, this might involve assessing the potential impact on employees, customers, and the community when faced with various business choices.

In contrast, focusing solely on legal options overlooks the broader ethical implications of a decision, while maximizing profit may lead to choices that disregard ethical considerations altogether. Similarly, making decisions only based on company policy can restrict the scope of ethical reflection and fail to address specific circumstances or moral dilemmas that may arise. Therefore, the correct approach is to evaluate and choose options that resonate with ethical principles, ensuring that actions are both right and responsible.