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Discuss a business-related ethical dilemma

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Ethical Dilemma Essay

Identify and discuss a business-related ethical dilemma. Ideally, this choice should be relevant to your intended area of future employment. You must demonstrate both and awareness of the key issues surrounding why is it an ethical dilemma, and then propose

solutions to that dilemma. A suggested format for the essay is:

1. Ethical Dilemma description (Banking industry

2. Justify why is it an ethical dilemma in a business situation

3. Ethical solutions proposed by student (me) to this dilemma

In this case, I must be the person who is caught in the dilemma.

(Guidelines)

Ethical Dilemma

- Describe only ONE ethical dilemma

- State only the facts (no supporting theory required)

- Make sure that your dilemma forces you to make a difficult choice which will put you in a dilemma

Prism of Ethical Theories

- Main Theories

 Western Normative Consequentialist (egoism/ enlightened egoism, Utilitarianism)

 Western Normative Non-Consequentialist (Duties, rights & justice)

 Virtue Ethics

- Supporting Theories

 Stakeholder Theory (Power - Perceived ability to influence, Urgency - Immediacy of attention, Legitimacy - Desirability/ appropriateness of action)

 Agency theory

 Corporate Governance (Anglo-American, European)

Solutions to Dilemma

- What were the options available to you in terms of the decisions you could make?

- What ethical theories can support these options?

- What are your final decisions?

- What theory can support your final decision?

Reference no: EM13793246

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