Josephson's Core Values Model Once you recognize that there is a decision that involves ethical judgment, Michael Josephson would first have you ask as many questions as are necessary to get a full background on the relevant facts. Then, assuming you have all the needed information, the decision process is as follows: Identify the stakeholders. That is, who are the potential gainers and losers in the various decisions that might be made here? Identify several likely or reasonable decisions that could be made. Consider which stakeholders gain or lose with each decision. Determine which decision satisfies the greatest number of core values. If there is no decision that satisfies the greatest number of core values, try to determine which decision delivers the greatest good to the various stakeholders