CMI 614 Principles and Practices of Ethical Decision MakingCMI 614 Principles and Practices of Ethical Decision-Making is a course that explores the essential principles and practices of ethical decision-making in the context of modern business. In today’s rapidly changing business landscape, organizations are facing increasingly complex ethical dilemmas and challenges. Effective ethical decision-making is critical to ensure organizations operate responsibly and sustainably, while also maintaining their reputation and social license to operate. This course focuses on the key principles and practices that underpin ethical decision-making and how these can be applied in practical situations. It explores the ethical frameworks, theories, and models that can be used to guide decision-making, as well as the ethical challenges and risks that organizations face. Students will also learn how to develop and implement ethical codes of conduct and policies, and how to foster an ethical culture within organizations. Through case studies, interactive discussions, and practical exercises, students will develop the skills and knowledge necessary to make ethical decisions and lead ethical organizations. By the end of the course, students will have a comprehensive understanding of ethical decision-making and how it can be applied to real-world business situations.
Aims of unitIn today’s complex and dynamic business environment, the ability to make ethical decisions is an essential skill for professional managers and leaders. Making ethical decisions under pressure can be challenging, especially when they involve stakeholder opinions, organizational constraints, legal and regulatory requirements, and potential risks. Ethical decision-making requires a value-based judgment and a comprehensive understanding of the ethical considerations involved in the decision-making process. It goes beyond the mere selection of an action from different alternatives and involves a broader range of complex issues. The aim of CMI 614 Principles and Practices of Ethical Decision Making is to equip professional managers and leaders with the knowledge and skills to make ethical decisions in different organizational contexts. The course provides an in-depth understanding of the ethical frameworks, theories, and models that can guide ethical decision-making. It explores how to develop and implement ethical codes of conduct and policies, how to manage ethical risks, and how to foster an ethical culture within organizations. Through case studies, interactive discussions, and practical exercises, students will develop the skills and knowledge necessary to make ethical decisions under pressure and lead ethical organizations. By the end of the course, students will be well-equipped to navigate the complexities of ethical decision-making and make informed decisions that uphold the values and principles of their organizations.
What you’ll learnIn CMI 614 Principles and Practices of Ethical Decision Making, students will learn the fundamental principles and practices of ethical decision-making in the context of modern business. Specifically, they will learn:
- The key ethical frameworks, theories, and models that can guide ethical decision making
- How to identify and analyze ethical dilemmas and challenges in different organizational contexts
- The role of values, principles, and ethical codes of conduct in guiding ethical decision making
- How to manage ethical risks and conflicts of interest
- How to foster an ethical culture within organizations
- The importance of transparency and accountability in ethical decision making
- How to communicate and implement ethical decisions effectively
- The legal and regulatory requirements that impact ethical decision-making in different industries and sectors
Learning outcomeThe learning outcome for CMI 614: By the end of this course, students will be able to:
- Understand the principles and frameworks of ethical decision-making within organizational contexts
- Analyze ethical dilemmas and apply relevant ethical principles to make informed decisions
- Develop the ability to critically evaluate the impact of ethical decisions on organizational stakeholders
- Apply ethical decision-making tools and strategies to real-world scenarios and case studies
- Demonstrate the ability to communicate and justify ethical decisions effectively to stakeholders and team members.
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