Analysis of Ethical Decision Making Literature review - 102

Analysis of Ethical Decision Making - Literature review Example Nevertheless, the ethical roles of managers are that their decision-making processes be aimed at maximizing the wealth of the shareholders and the business in general. As such, the utilization of the ethics principal in decision-making processes ensure that the laws are strictly observed and that individuals have no chance to manipulate them through dubious activities such as corruption, fraud among others.   Most businesses across the world have emphasized on ethical leadership which articulates that there must be a combination of personal morality and professional morality in order to generate an ethical decision-making process. In terms of personal morality, there must be a combination of characters such as honesty, trustworthiness, integrity among others. Similarly, the professional aspect should entail forthrightness in relation to the business and society at large. Additionally, morality involves behaviors such as doing the right things, being concern about the welfare of other people, and being open with issues. Consequently, managers are expected to practice various approaches that are related to ethical decision making such as egoism approach, deontology approach and utilitarianism approach which ought to serve as guidance in their profession.  Ã‚   An egoism approach in ethical decision making revolves around the actions of an individual pertaining to making a particular decision. It argues that any good action is best approved by an individual.  Ã‚