Ethical Decisions:There are different tools whichare used for making decisions in the business environment.First of all, ethics shows theperson’s prospective in different situation that what is right or wrong forthem. Every person has different type of moral beliefs.
Ethics are not thefeeling it’s the decision which you make according t the situation what is goodfor you or not. Some culture follows theethical value others are not follow. People can make ethical decisionsdepending on the social issues.· The utilitarian Approach focused on the right things which give benefits to people,company, individuals and others rather than the bad things.
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In Business youshould make those decisions which give the pleasure to their employees anddecrease the harm. With this effort of companies it increases the happinessamong their employees, employer and others and reduces the bad consequences.· Rights means you can choose anything with yourwish in their life. Basically, it represents the respect to the moral values ofthe human beliefs. Everyone has the right to choose their life goals and havecontrol of information about their lives. In business if company wants to makeethical decisions then there should be no interference of others with humanrights. Everybody has the rights to speak freely about their ideas.· The fairness or justice approach According to this, every person shouldbe treated as equally, there should be no differentiate on their religion,caste or sex.
In business decisions are based on the equality and fairness.Women and men are treated equally in the companies because both are doing bestof them. Women should receive same salaries like man received.
· The common good approach focus on all those individuals who make one society, herethey share some sort of conditions for their welfare. Because of our communitywe can enjoy our freedom. In business, company is like a group of people herethe manger should take care of everything of their employees like their need,salaries and their bonus which gives the happiness to their employees. It isalso benefit of company because if employees are happy from their jobs they domore efforts which gives profit to company.
· Virtueethics describe the person on their individual level means that he is. Thisapproach plays very important role in business. Employees set their moral valueswhich they follow everyday both in home and at work. Virtue means honest, trustworthy,responsibility etc those person having these virtue they are more willing tostep up on others. This is important for company to hire those people who arework with this set of virtue ethics which are also good for company.While making good ethical decisions first we have tolearn about it from all aspects. Everyone has their different identity so, theymake their own different ethics decisions based on their situations.