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A code of ethics within an organization is a set of principles that is used to guide the organization in its decisions, programs, and policies. [2] An ethical organizational culture consists of leaders and employees adhering to a code of ethics.
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]
The Potter Box is a model for making ethical decisions, developed by Ralph B. Potter, Jr., professor of social ethics emeritus at Harvard Divinity School. [1] It is commonly used by communication ethics scholars. According to this model, moral thinking should be a systematic process and how we come to decisions must be based in some reasoning.
Many aspects of the work environment influence an individual's decision-making regarding ethics in the business world. When an individual is on the path of growing a company, many outside influences can pressure them to perform a certain way. The core of the person's performance in the workplace is rooted in their personal code of behavior.
Here there is a philosophical examination as to why ethical standards are important and relevant to the individual. [7] These levels are progressive and as an individual begins to move from level to the next, they will begin to question increasingly more the fundamental assumptions upon which the decision-making process is built.
Red flag #2: Hides costs or charges high fees. Financial advisors charge for their services in various ways, but some deliberately obscure their fee structure or charge rates well above industry ...
Principlism is an applied ethics approach to the examination of moral dilemmas centering the application of certain ethical principles. This approach to ethical decision-making has been prevalently adopted in various professional fields, largely because it sidesteps complex debates in moral philosophy at the theoretical level.
This doesn't make AI worthless. It has enormous capacity to do good. But it does make AI dangerous. It thus demands that ethical humans create the guidelines we would create for any dangerous ...