Ethical dilemma is a phenomenon, which is used in a situation that generally arises in the life of a manager. This is very common in today's managerial atmosphere because it affects the success of the company. There are basically two ways of achieving success. They are shortcut and long-run-based ways. When the situation arises for a decision-making, the manager has to decide on whether to adopt short-run way or to go for a long-run way. The ethical implementation in the decision-making demands sound knowledge of the ethics. But every situation is not as simple as it looks. Every managerial decision includes several alternatives, and each alternative involves certain pros and cons. So, if one alternative is beneficial to one party then it may be harmful to another party. It depends on the situation that how and in which manner an individual can adjust to the situation.
Ethics is our code of conduct that is based on the moral values of the society. Moral values are the series of outcomes resulted from good conduct and explain the difference between good and bad. They are a set of rules and standards that guide our behavior, but may or may not be written down. Ethics, although, rooted in our morals, are modified by group decisions, peer pressure and circumstances. |
