Here are some key factors that can shape one's ability to identify an ethical issue:1. Goals and interests: Having clear goals and priorities makes it easier to recognize when certain actions may undermine those goals or values. Conflicts of interest can cloud judgment. 2. Knowledge and awareness: Understanding ethical principles, laws and regulations, as well as how certain decisions may impact stakeholders helps with issue recognition. Limited information or awareness can lead to overlooking issues.3. Perspective and perception: The way we perceive situations is influenced by personal experiences, biases, and worldviews. Different people may see different issues in the same situation. Taking others' perspectives into account helps. 4. Emotions and biases: Strong emotions
The current economic meltdown escalated by the recent chaos in the banking and financial industry has rekindled discussions about the ethical practices of businesses. Are business schools to blame or are we all responsible for the meltdown? What guiding principles should future decision-makers follow? Answer these questions by revisiting the complex subject of ethics in this presentation.
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Here are some key factors that can shape one's ability to identify an ethical issue:1. Goals and interests: Having clear goals and priorities makes it easier to recognize when certain actions may undermine those goals or values. Conflicts of interest can cloud judgment. 2. Knowledge and awareness: Understanding ethical principles, laws and regulations, as well as how certain decisions may impact stakeholders helps with issue recognition. Limited information or awareness can lead to overlooking issues.3. Perspective and perception: The way we perceive situations is influenced by personal experiences, biases, and worldviews. Different people may see different issues in the same situation. Taking others' perspectives into account helps. 4. Emotions and biases: Strong emotions