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  • 6 Step Hosmer Model

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    aizzat_afiq
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    This document outlines a modified decision-making model for business ethics consisting of 6 steps: 1) Establish the factual background and business context, 2) Identify the ethical issue and affected parties, 3) Determine alternative courses of action, 4) Note any uncertainties, 5) Analyze the options using different ethical frameworks and address cognitive biases, and 6) Make a recommendation. The model is intended to help business leaders make ethical decisions in the 21st century.

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    This is the 6 step hosmer model for decision making.

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    This document outlines a modified decision-making model for business ethics consisting of 6 steps: 1) Establish the factual background and business context, 2) Identify the ethical issue and affected parties, 3) Determine alternative courses of action, 4) Note any uncertainties, 5) Analyze the options using different ethical frameworks and address cognitive biases, and 6) Make a recommendation. The model is intended to help business leaders make ethical decisions in the 21st century.

    Copyright:

    © All Rights Reserved
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    2K visualizzazioni1 pagina

    6 Step Hosmer Model

    Caricato da

    aizzat_afiq
    This document outlines a modified decision-making model for business ethics consisting of 6 steps: 1) Establish the factual background and business context, 2) Identify the ethical issue and affected parties, 3) Determine alternative courses of action, 4) Note any uncertainties, 5) Analyze the options using different ethical frameworks and address cognitive biases, and 6) Make a recommendation. The model is intended to help business leaders make ethical decisions in the 21st century.

    Copyright:

    © All Rights Reserved
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 1

    IndianaUniversityKelleySchoolofBusiness

    DepartmentofBusinessLawandEthics

    ETHICSANDTHE21STCENTURYBUSINESSLEADER(L375)

    ModifiedHosmerDecisionMakingModel

    1. Facts:Whatisthefactualbackground&businesscontext?
    a. Whatisthebusinessatissue?Relevantfeaturesofitsindustry&financialperformance?
    b. Whoarethepeopleinvolved?Whatisthetimelineofrelevantevents?

    2. IdentifytheEthicalIssue:
    a. Whoarethepotentiallyaffectedparties?
    b. Whataretheirinterests?
    c. Whatistheethicalissuethatthoseinterestspresent?

    3. Options:Whatalternativecoursesofactionareavailable?

    4. Uncertainties:Whatadditionalinformationwouldbeuseful?

    5. Analysis:
    a. EvaluateOptionsbyApplyingEthicalFrameworks:
    i. ShareholderTheory
    ii. StakeholderTheory
    iii. VirtueTheory
    b. Addressanyparticularlychallengingfeatures(e.g.cognitivebiases)thatfactorintothe
    evaluation.

    6. Conclusion:Briefstatementofyourrecommendation.

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