BUS 223 Chapter 2: BUS 223 – Chapter 2- ethical decision making

• School: Ryerson University
• Department: Business
• Course: BUS 223
• Professor: Michael Baumtrog

Document Summary

Bus 223 chapter 2: ethical decision making (p. 39-53) Ethical decision making process requires a persuasive and rational justification for a decision. Rational justifications are developed through a logical process of decision making that gives proper attention to things (facts, alternate perspectives, consequences to all stake holders, and ethical principles) Normative myopia tendency to ignore or the lack of ability to recognize ethical issues in decision making (short sightedness) Inattentional blindness told to specifically pay attention to a particular element of a decision or event, we are likely to miss all of the surrounding details. Change blindness decision making omission that occurs when decision makers fail to notice gradual changes over time. Stakeholders of a corporation: employees, customers, local community, government, suppliers, owners (shareholders) Key stakeholders are people who are adversely or positively impacted by the operations of the company, have an interest in what they do, or those who have an influence on what they do.