ETHICAL DILEMMA
By: Sunshine Crisostomo
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Understanding Ethical Dilemmas: Identification and Resolution, Summaries of Government & Non-Profit Accounting
An overview of ethical dilemmas, their elements, common practices in the workplace, types of ethical dilemmas, and steps to identify and resolve them. Ethical dilemmas occur when individuals or organizations face conflicting moral standards and must make decisions that compromise on their values.
What you will learn
- What are common ethical practices in the workplace?
- How can you identify an ethical dilemma?
- What are the different types of ethical dilemmas?
- Provide an example of an ethical dilemma and its resolution.
- What are the elements of an ethical dilemma?
Typology: Summaries
2014/2015
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ETHICAL DILEMMA
By: Sunshine Crisostomo
1. Ethical Dilemma
2. The common practices in the
workplace
3. Types of Ethical Dilemma
4. How to identify an ethical
dilemma
5. Example of an ethical dilemma
Ethical dilemma
An ethical dilemma is a situation
a person faces in which the
decision must be made about
the appropriate behaviour.
Ethical dilemmas can be
characterized by the following 3
elements:
- The agent must be faced with a choice or need to make a decision
- The agent must have more than course of action available
- The agent recognizes that all available courses of action require them to compromise on some personally held ethical standard or value.
Common ethical practices in the
workplace include:
- (^) Telling the truth
- (^) Taking responsibility for one’s actions
- (^) Following company policies
- (^) Fulfilling professional obligations
- (^) Following through on commitments
- (^) Following the law
- (^) Acting in the best interests of shareholders - (^) Acting in the best interests of customers - (^) Acting in one’s own best interests - (^) Treating others equally - (^) Conducting sustainable business practices - (^) Maximizing profits - (^) Avoiding layoffs
Types of Ethical Dilemma
1. Epistemic dilemmas
2. Self-imposed dilemma
3. Obligation dilemma
How do you resolve an ethical
dilemma?
- Obtain the relevant facts.
- Identify the ethical issues from the facts.
- Determine who is affected by the outcome of the dilemma and how each person or group is affected.
- Identify the alternatives available to the person who must resolve the dilemma.
- Identify the likely consequences of each alternative.
What is an example of ethical
dilemma?
Ethical dilemmas occur regularly in the business environment where employees make decisions that impact the success and profitability of organizations. Employees may experience an ethical dilemma when deciding whether to report an incident of workplace harassment or declare a conflict of interest. In the first case, the employee might understand that the harassment is wrong, but feel guilty about getting their colleague in trouble. In the latter case, the employee might recognize their fiduciary duty to the organization, but feel a sense of loyalty to their family and friends that make it difficult to do the right thing.