Book Title: Strategic Horizons in the Modern Management
Editors: Dr. D. Kinslin, Dr. S. Edmund Christopher, Dr. K. Sankar Ganesh, and Dr. S. Fenin Samuel
ISBN: 978-81-69297-58-5
Chapter: 12
DOI: https://doi.org/10.59646/715/12
Author: Prof. Kishore J S
Abstract
This chapter investigates ethical decision-making in complex business environments, emphasizing its importance for organizational integrity and reputation. It defines ethical decision-making and outlines the principles that guide ethical behavior, such as utilitarianism, deontology, and virtue ethics. The chapter explores various ethical dilemmas faced by organizations, including conflicts of interest, pressure from stakeholders, and cultural differences in ethical standards. It examines the role of organizational culture in shaping ethical decision-making processes and highlights the influence of leadership styles on ethical behavior. The chapter presents frameworks for ethical decision-making and emphasizes the need for transparency and accountability in corporate governance. Case studies illustrate real-world ethical challenges and the decisions made by organizations in response. The chapter concludes with future trends in ethical decision-making, including the impact of technology and global issues on corporate ethics.