Case Study - The Case of the Million-Dollar Decision

Assignment Help Business Law and Ethics

Reference no: EM132511896 , Length: 5 Pages

Case Study Assignment -

1. Read the case study: "The Case of the Million-Dollar Decision".

2. Use the Decision-Making Framework to decide what the CEO Tom Oswald should do.

3. Please pay attention to the ethical values of the company and the values that have guided the success of the company. Also, think about the role of leadership in setting a culture of ethics.

4. Your case study analysis should be 3-4 pages long (plus a cover page and reference page).

A Framework for Ethical Decision Making

Recognize an Ethical Issue

1. Could this decision or situation be damaging to someone or to some group? Does this decision involve a choice between a good and bad alternative, or perhaps between two "goods" or between two "bads"?

2. Is this issue about more than what is legal or what is most efficient? If so, how?

Get the Facts

3. What are the relevant facts of the case? What facts are not known? Can I learn more about the situation? Do I know enough to make a decision?

4. What individuals and groups have an important stake in the outcome? Are some concerns more important? Why?

5. What are the options for acting? Have all the relevant persons and groups been consulted? Have I identified creative options?

Evaluate Alternative Actions

6. Evaluate the options by asking the following questions:

Which option will produce the most good and do the least harm? (The Utilitarian Approach)

Which option best respects the rights of all who have a stake? (The Rights/Deontological Approach)

Which option leads me to act as the sort of person I want to be? (The Virtue Approach)

Make a Decision and Test It

7. Considering all these approaches, which option best addresses the situation?

8. If I told someone I respect -- or told a television audience -- which option I have chosen, what would they say?

Attachment:- Case of the Million-Dollar Decision.rar

Reference no: EM132511896

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