PART A
Ethical Dilemma Essay (1500 words)
Identify and discuss a business-related ethical dilemma. Ideally, this choice should be relevant to your intended area of future employment. You must demonstrate both and awareness of the key issues surrounding why is it an ethical dilemma, and then propose solutions to that dilemma. A suggested format for the essay is:
1. Ethical Dilemma description (Banking industry) (270 - 300 words)
2. Justify why is it an ethical dilemma in a business situation (540 - 660 words)
3. Ethical solutions proposed by student (me) to this dilemma (540 - 660 words)
In this case, I must be the person who is caught in the dilemma.
(Guidelines)
Ethical Dilemma
- Describe only ONE ethical dilemma
- State only the facts (no supporting theory required)
- Make sure that your dilemma forces you to make a difficult choice which will put you in a dilemma
Prism of Ethical Theories
- Main Theories
. Western Normative Consequentialist (egoism/ enlightened egoism, Utilitarianism)
. Western Normative Non-Consequentialist (Duties, rights & justice)
. Virtue Ethics
- Supporting Theories
. Stakeholder Theory (Power - Perceived ability to influence, Urgency - Immediacy of attention, Legitimacy - Desirability/ appropriateness of action)
. Agency theory
. Corporate Governance (Anglo-American, European)
Solutions to Dilemma
- What were the options available to you in terms of the decisions you could make?
- What ethical theories can support these options?
- What are your final decisions?
- What theory can support your final decision?