There is a story, probably apocryphal, which illustrates this.
There was a cyclonic storm and millions of fish were washed ashore and were struggling for life on the beach.
Thus, we see that seemingly routine decisions, which at the organizational level do not appear to have major ethical magnitude, have large ethical significance at the individual level.
Thus many upwardly mobile managers of today tend to rationalize when faced with an ethical dilemma and take the position that they must wear multiple ethical hats and cloak themselves with three separate conflicting codes of ethics: one code applicable to the professional or technical aspects of their work (Professional or Technical Ethics), another for their business behaviour (Business Ethics), and a third code of ethics for their personal lives (Personal Ethics).
This leads to the development of schizophrenic ethical personality wherein the individual may strive for professional excellence and high ethical standards for one’s own self and within one’s organization, but resort to unethical practices to succeed in business at all costs.
This stakeholder concept provides a systematic way of perceiving and resolving the various interests involved in our ethical decision making.
There is an ethical dimension to every decision.
Thus any of your decisions, which affect other persons, have ethical implications, and virtually all of your important decisions reflect your sensitivity and commitment to ethics.
In summary, as you perform your job in your workplace, what are the ethical dimensions as you deal with your superiors, peers, subordinates, customers and all other stakeholders connected with your work?
Different stakeholders have different ethical perspectives.
Whereas, some organizations [and stakeholders] may feel that there is nothing ethically wrong with workplace romance and many even encourage organizational romance / marriage among colleagues by giving various perks / incentives, some others may discourage or even prohibit workplace-romance.
Ethical dilemma occurs due to mismatch in ethical perspectives of various stakeholders involved in the ethical situation.
CATWOE is an acronym to categorize various stakeholders:
Thus when you make an ethical decision you:
Ethical decision-making requires three things:
The CATWOE model will help you in Decision Management - in improving the Ethical aspect of your managerial, professional and personal decisions.
A Model to help you make ETHICAL DECISIONS
Foodie Book: Appetite for a Stroll