First assignment (Prelim)

Opening a business Company

Ethical Decision Making

1.To get facts. Gather all the information about the business you're planning for.

2.Identify stakeholders and their positions. As stakeholders grasp the vision of the language program, they can make additional contacts through their own networking. You will probably need to do considerable networking with stakeholders before they are ready to engage in their own networking on behalf of the project.

3.Consider the consequences of your decisions. You must face all the consequences of your decisions for you to learn and make your business more effective.

4.To weigh various guidelines and principles. In a business you must deal with guidelines and principles to prevent any destruction or anomalies.

5.You must develop and evaluate options. In business, you must develop options to help you manage your business easily.

6.Review your decisions. To avoid any mistakes, you must review your decisions before finalization.

7.Evaluate the result of your decisions. Check the result of your decisions or identify if there's any bad effect at all.

Philosophical Theory in Ethical Decision Making

1.The virtue ethics approach. Virtue ethics is currently one of three major approaches in normative ethics. It may, initially, be identified as the one that emphasizes the virtues, or moral character, in contrast to the approach which emphasizes duties or rules or that which emphasizes the consequences of actions. Using this approach, you can discipline yourself and even others.

2.Utilitarian approach. If corporations took the Utilitarian approach to their business practices the great good could be best served.

3.Fairness approach. Management rules and performance requirements should be fair for everyone. Make your employee rules and performance requirements fair and equitable. Rewarding favored employees with unearned bonuses, salary, and perks costs the company money in lost sales and lowered staff morale. Having unfair standards is bad business as it adversely affects the business bottom line.

4.Common-good approach. Management has a common approach in any ways. For the company to be able to achieve success and to be famous.