How to Make Ethical Decisions in a Commercial World

Every business decision has consequences, and with so many factors to consider – and many unknowns we can’t consider – those consequences can be serious. For the executive whose decisions may impact large numbers of employees, vendors and consumers, it can feel like a high-wire ride on a unicycle. 

Now, toss ethics into the decision-making process, and keeping balance on that high-wire ride becomes even more challenging.

But making ethical decisions in a commercial world doesn’t have to be such a burden. 

Simply put, ethics is a moral philosophy of right and wrong. Business ethics, as Melissa Horton explains it in Investopedia, is “the system of moral and ethical beliefs that guides the values, behaviors and decisions of a business organization and the individuals within that organization.”

These “beliefs” are rooted in integrity, honesty, fairness, and protecting the public welfare. In some areas…laws, regulations and codes have been enacted to protect the environment, prohibit discrimination, and maintain health and safety standards.

Apart from those obvious ethical considerations, there are many more vague issues that we all must navigate daily on a case-by-case basis. Here are some steps you can take to help you make the best, most moral decision possible in difficult situations.

To read the rest of this article visit Tim Noonan’s blog.

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