M Marketing
6th Edition
ISBN: 9781259924033
Author: Levy Grewal
Publisher: Mcgraw-Hill
expand_more
expand_more
format_list_bulleted
Question
Chapter 4.7, Problem 1PC
Summary Introduction
To determine: The steps in the ethical decision-making framework.
Introduction: At the times of ethical dilemmas the decision that helps the individuals to make the choice between the two conflicting options is known as the ethical decision making.
Expert Solution & Answer
Answer to Problem 1PC
The steps in the ethical decision making are; identify the issues, identify the stakeholders and gather information, evaluate alternatives and choose a course of action.
Explanation of Solution
Steps in the ethical decision-making framework:
The ethical decision-making consist of four steps, these steps are discussed as follows:
- Identify the issue: It is the first step in the ethical decision-making framework. It requires collecting the data, hiding the true purpose of the study from the person data being collected and using the results to deceive or damage the public.
- Collect information from the stakeholders: Firm focus to gather the information about the issues in the first step and in the second step it focuses on getting the individuals’ help to resolve the issues.
- Evaluate the alternative: On the basis of the ethical issues figured out, alternatives must be figured out to resolve those issues.
- Choose the course of action: After figuring the entire possible alternative, the alternative with the heaviest weight should be selected and taken as the course of action to resolve the issue.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Identify the steps in the ethical decision-making framework.
Identify the stages in the ethical decision-making framework
Describe the process of Ethical Decision Making?
Chapter 4 Solutions
M Marketing
Knowledge Booster
Similar questions
- Discuss briefly why ethical decision-making is essential in an organization.arrow_forwardIdentify 6 classical ethical principles. Briefly explain each of them.arrow_forwardDiscuss why ethical decision-making is essential in an organization, and the possible effects that ethical violations/unethical behaviours can have on the organization and its stakeholders.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you