The Influence of Ethics on Decision Making Isn't it true that hindsight is always 20-20? With the benefit of time, most people can clearly identify where they may have missed opportunities, lost a business deal or even simply made a bad decision. Indeed, decision-making is one of the fundamental principles of good business and the importance of ethics is the foundation of good decision-making.
Ethics are the highest standard that can guide decision- making. According to McDowell (1997):
Ethics is not about self interest or expediency. This breeds distrust, corruption and lack of human freedoms. Decisions made from this perspective encourage subservience and are built on self-righteousness. Ethical decisions are based on acceptance and valuing the humanness of others.
In fact, she continues, since each person's perception of reality is based on his or her experience, it is not until each person accepts the validity of other culture's customs and values that one can achieve the ability to frame a perspective of cooperation, acceptance
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