Process BEFORE you DECIDE When confronted with an ethical dilemma and before a decision is made, an
Question:
Process BEFORE you DECIDE
When confronted with an ethical dilemma and before a decision is made, an individual or group would Consider all facts, Assess alternative actions, Review resources, and Evaluate potential outcomes.
Consider all facts - List the particulars of the situation
Assess alternative actions - Identify the available options
Review resources - Refer to rules and sources of guidance and support
Evaluate potential outcomes - Predict the potential consequences of each decision
Process BEFORE you ACT
After applying the CARE framework to make an ethical decision, test your decision before you ACT.
Consistency - Ask yourself: would I make the same decision if a similar situation arose in the future. Would I want everyone to decide the same way?
Awareness & Accountability - Ask yourself: have I behaved responsibly? Do I feel proud of my decision? How would I feel if my decision was on the front page of tomorrow's newspaper?
Rules & Principles - Does my decision follow FASB, IRS, Auditing, etc. rules/standards? Is my decision logical? If my decision were to become a general principle everyone had to follow, how would I feel?
Equity - Do I treat everyone equally regardless of their unique differences? Would I want to be treated in a similar fashion?
For this week's discussion, please review this file located in Content>Learning Resources>Assessements>Discussions: The Ethical Compass - A toolkit for integrity in business. Apply KPMG's CARE model to analyze the ethical issue below.
Introduction To Leadership Concepts And Practice
ISBN: 9781506330082
4th Edition
Authors: Peter G. Northouse