1ST ASSIGNMENT(PRELIM)

ETHICAL DECISION MAKING

Opening a business

1. Gather information of what type of business is in demand.
2. Identify stake holders and their positions because their position can help to your business they can help to increase the power of your business and some can make loss if they have different aim.
3. Consider the consequence of your decision because one wrong decision can make your business down.
4. To weigh various guidelines and principle to improve you business and the correct steps to improve you business.
5. You must to develop and evaluate option so you have a good option if your business gone wrong.
6. Review your decision to avoid mistake decision that can make your business bad.
7. Evaluate the result of your decisions to know what is good or bad move to your business


PHILOSOPHICAL THEORY IN ETHICAL DECISION

1.The virtue ethics approach is important to your clients so they will try your business.
2.Utilitarian approach is important to business to respect the rights of others for example for the clients.
3.Fairness approach is important for clients to know your fair about the business
4.Common-good approach is important to your business you gave benefits to your all constituencies