22 Jul DESCRIBE HOW A PERSON’S INDIVIDUAL MORAL PHILOSOPHY INFLUENCES HIS OR HER BUSINESS DECISION
Question: Describe how a person’s individual moral philosophy influences his or her business decision and provide an example.
A persons individual choices are affected by his or her moral reasoning and moral principles. These principles and moral philosophies form the base helping them to decide the acceptable behavior while making most effective business decisions. The behavior of an individual in the process of his decision making gets influenced by his/her moral and ethical philosophies because it helps him in developinga code of conduct that guides business practices, in identifying right and wrong behavior, in navigating the company toward positive outcomes, and in integrating global strategic planning efforts for avoiding violations. The people whose business decisions are integrated with his moral philosophies always look for effective ways of achieving win-win solutions….
t also helps them in handling morality issues in a better way (Mobley, 2002). For example, a self-imposed earth tax is designed by the Patagonia Corporation for the preservation and restoration of natural resources. Esprit, on the other hand, has created E-collection; a product line consisting of socially aware products manufactured in an environmentally conscious manner. Both these corporations have adopted green business policies as a means of fulfilling their commitment to a socially responsible process.
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