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Ethical Problem and Ethical Decision Model
Set forth an ethical problem that arose in your current or a former place of employment. Then, show how this problem could have been resolved by using the Ethical Decision Model (pp. 112-120). Be sure to use all four steps in the model.
Professional Development
1. Keeping in mind the principles of distributive justice and "ordinary decency," how do you think employee compensation should be determined?
2. Is it ethical to give an employee less than full value for his or her services if the employee accepts such compensation, or should an employer always pay an employee what the employer believes to be the employee's full value? Explain.
Issues to Consider
1. Sternberg argues that certain kinds of insider trading are ethical, whereas other kinds are unethical (pp. 187 - 195). Set forth your understanding of insider trading and whether or not you believe such trading to be ethical or unethical and why.
Solution Summary
The solution discusses an ethical problem in a workplace environment and solutions to resolve the problem using the Ethical Decision Model is also explained. Also discussed is an opinion on how employee compensation should be determined based on the principles of distributive justice and 'ordinary decency.' The question on the ethical consideration of giving an employee less than full value for his or her services if the employee accepts such compensation and insider trading are also explained. References included.
What is your philosophy of proper business ethics? Develop at least five different points or arguments that support your thinking. Use outside research, textbook analysis and our course as a resource.
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