04 Jun IDENTIFY THE PEOPLE AND GROUPS AFFECTED BY CHOOSING ONE OF THE ABOVE OPTIONS
Harvey
is the owner of a successful wealth management firm, Harvey Advisors, Inc. He is in his mid-40’s and has yet to fulfill
his dream of becoming the number one wealth management firm in the city of
Houston, TX. Currently they are ranked
#3 in the city but the difference between number two and number 3 is minimal. Harvey’s success stems from his ability to
keep only the most talented employees who are capable of accomplishing more
than others due to their work ethic and desire to be the best. Bruce is Harvey’s first employee, a 65-year
old man, who has been with Harvey since the beginning of the company. One day Harvey learns that the top firm’s
star manager, Matt, has left the firm due to personal differences and is in the
market for a new job. When Harvey looks
at his financial statements it is clear that he cannot offer Matt a job and
maintain everyone on the staff. In order
to hire him he will have to let go of somebody.
After doing some cost/benefit analysis it is clear to Harvey that Bruce
is most costly employee and he is no longer able to produce what he once was
able to.
.0pt;mso-add-space:
auto;text-indent:-36.0pt;mso-list:l0 level1 lfo1″>I.
Identify the problem.a.
What is the environment?
b.
What is the situation?
c.
What are the options?
II.
Identify the people and groups
affected by choosing one of the above options.
a.
Individuals: self, boss, client, subordinate, etc.
b.
Groups: company, public, family, profession, etc.
III.
Build a decision framework –
What is going to be the basis for my decision?
a.
Consequentialism – looking for
good results or least harm
i.
What will be the result of the
decision for me personally?
ii.
How are the above people and
groups affected?
iii.
Are they affected negatively or
positively?
b.
Deontology – duty and
obligation
i.
How deep is my obligation to
each of the people and groups?
ii.
How do I prioritize conflicting
duties?
c.
Virtue ethics – Who am I?
i.
What fundamental principles are
in play?
ii.
What norms or traditions I
practice are being challenged?
iii.
What personal values that I
hold are being affected or threatened?
1.
Am I being asked to do
something that I don’t believe in?
2.
Am I being asked to ignore
something that I feel must be addressed?
IV.
Make a decision
a.
Base your decision on values
that are supported by principles
b.
Make a commitment to the
decision
V.
Take action
a.
Do what you feel is right for
the right reasons – Never mistake temptation for opportunity
b.
Let the chips fall where they
may – A person who ignores wrong becomes either an accomplice or the next
victim
VI.
Learn
a.
Accept responsibility for your
decision and your actions
b.
Understand the difference
between providing explanations and making excuses
c.
Listen to feedback so you can
learn from everyone’s mistakes
d.
Incorporate changes where
possible to avoid similar situations in the future
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