To majority of the people, it is not difficult to draw a clear line between what is good and bad. The problem however lies on who is to make these judgments and on what grounds should we accept these justifications. When associating this concept with decision making in organisation, it highlights the importance of employees displaying ethical behavior within its assembly.
As every employee processes different experiences, philosophies, culture and religions, it results in perceptual differences, ethical disagreements due to diverse individuals experiencing and analyzing problems (Hartman & Desjardins 2008). Ethical theories can be generally differentiated into two main categories, the consequence based/ teleological and non consequences-based/ deontological. When engaged in the decision making process within an organization, ethics guides the company in terms of what is correct and wrong. In the below write-up we will be discussing on how these various people incorporates ethical theories into the decision making process in organizations.
Consequences-based/ Teleological Ethics
Teleological ethics also known as Consequentialist ethics, determines if an action is right or wrong based solely on its results (Pojman & Fieser 2011). It however does not ignore the process of which decisions are made, but placing more emphasis on producing the best possible decision (Albarran 2009).
Consequences Based / Teleological- Ethical Egoism
Ethical egoism regards moral rules as irrelevant. Belonging to the consequences based theories, ethical egoism does not forbid people from performing actions that would benefit those around them. For instance, situations whereby personal interest aligns to those around them, and while helping themselves may result in the favor of others. The theory therefore