p Moral Theology of the Marketplace Business Ethics ' is a study to understand the nature of a market economy , how business works , what drives it , what kind of outcomes one can hope for , and what are its limitations . By nature , it is controversial , relative , and dynamic Exposure to organizational behavior has corrected the symptomatic expressions of illicit and unsustainable behaviors in business but not their causes . There is a need for high level of personal morality and shared vision of acceptable behavior in a knowledge process perspective The field of business ethics
is a panacea for the epidemic-corruption in America and the world . Ultimately , Ahner (2007 ) shows , if business is not ethical , it is not even a good business . A business based on ethical practices boosts the emotions and the economy of the weaker sections
While recognizing an ethical issue , we need to study its moral impact within the industry in terms of acceptance , approval and untarnished open discussions , and its reflection on the society . The issue I speak of here is the nature of knowledge processing in business and its extent of being open on not . The question is how illicit and illegal decisions managed to survive repeated challenges of legitimacy (e .g , firms held for wrongful accounting practices . Thereby , it is imperative to analyze further
Factors like individual reasons , organizational relationships , and the opportunities available make an ethical or unethical decision . Moral imagination based on understanding other 's feelings and reactions reduce negative outcome in decisions (e .g , Nestly 's launch in Africa , a major failure in communication strategy . Ethical sensitivity can be enhanced by role-playing , challenging current mental models , speaking up , and finding innovative solutions
Determining a problem , decision makers then choose the course of action An understanding of cognitive moral development and defective reasoning helps in analyzing the basis of decisions made . There can be dilemmas about doing what is best for your employer , what 's best for your
own career , and what is best for the customer . Moral development is about negotiating these mine fields . A congruence of the leader 's capacity for ethical reasoning and the employee 's moral sense leads to job satisfaction and commitment . This is especially higher in younger companies
Kohlberg 's model explains that moral development is in continuum and people progress through six stages which affects their beliefs and behavior . It is important to understand that most people are conventional thinkers and we need them to be guided by utilitarian principles , for the betterment of the entire community . Internal factors like insecurities , greed , and inflated ego damage moral reasoning . These factors become powerful in short term thinkers like the modern-time-pressed managers with tight agendas leading to blunders (e .g , NASA 's decision to launch Challenger Shuttle . The approach then would be to listen and learn from others , identify the issue , analyze the options , select and communicate effectively the decision made
It is important to incorporate universal ethical principles while decision making . Kidder 's checkpoints , Moral Compass , and Five I formats...