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Ethical Decision Making Paper

761 Words4 Pages

Ethical Decision Making Ethical business practices depict those guidelines that determine the right and wrong within a company, and are affected by organizational culture. It is notable that these practices influence how various operations are carried out including the selection, evaluation, and application of business models. Mostly, business ethical practices are integrated with Christian worldview to assess, select, and utilize appropriate business model in businesses. How Ethical Business Practices Impact the Evaluation, Selection, and Application of Analytical, Quantitative Business Model Ethical business practices play an important role in the assessment, selection, and application of a systematic, quantitative business model. First, …show more content…

Therefore, ethical business practices allow for a controlled trial and error method while choosing the best design for business operations. Fourth, the most effective business models are thoroughly evaluated while considering the impact on consumers, workers, suppliers, competitors, society, and the government (Spiller, 2010, p.155). Therefore, ethical business practices determine how a particular business model affects the aforementioned stakeholders. Lastly, business ethical practices evaluate the effectiveness of a business model to determine its application or change in business …show more content…

In essence, the practice denotes developing appropriate business structures and refining entrepreneurial activities through planning for expenditures and revenues in the business. On the other hand, the integration of a Christian world view involves selecting a business model that is appropriate by offering positive and legally acceptable operations (Spiller, 2010, p.156). As a result, the Christian perspective considers the type of business model that proves favorable, effective, and utilizes the correct means of conducting a business. Noteworthy, both the business practice perspective and the Christian world view recognizes that selection of a business model is an incessant assignment. Role of Individuals and Management in Ensuring Suitable Business Model is Chosen, Utilized, and Assessed for

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