Actors-in-Time: A Proposed Real Time, Decisional Model for Evaluating the Ethical Content of Decisions in the Financial Services Industry

A number of theoretical approaches to ethical decision making in the business context are criticized as being too complex and cumbersome to be useful in day to day decision making. By way of a potential solution, the authors present a universalistic, real-time model for assessing and resolving ethic...

Full description

Saved in:
Bibliographic Details
Published inTeaching business ethics (Dordrecht) Vol. 6; no. 1; p. 137
Main Authors Engle, Allen D, Judith Winters Spain, Thompson, J C
Format Journal Article
LanguageEnglish
Published Dordrecht Springer Nature B.V 01.02.2002
Subjects
Business ethics
Decision making
Employees
Financial services
Morality
Perceptions
Role models
Values
Online AccessGet full text

Cover

More Information
Summary:A number of theoretical approaches to ethical decision making in the business context are criticized as being too complex and cumbersome to be useful in day to day decision making. By way of a potential solution, the authors present a universalistic, real-time model for assessing and resolving ethical decisions. Utilizing this model requires students and practitioners to evaluate their decisions according to two dimensions. In the first dimension, stakeholders are identified as either ''insiders'' or ''outsiders'' relating to the differential advantages and/or disadvantages a decision has on these two groups. With the second dimension, consequences for the short term and long term for these two stakeholder groups are assessed. The paper concludes with an illustration from real financial services business decisions as viewed through the model. These examples provide readers a sense of the model's potential for consulting and pedagogical purposes.
ISSN:1382-6891
1573-1944