Decision making & Ethical behavior in international business

Decision Making:
It is the process of choosing a spesific direction motivated by different factors.

• Programmed (simpe) o non-programmed (complex)?
• Models of decision making: Rational, bounded rationality and garbage can.
• Risk: avoid or take?
• Escalation of Commitment
• Individual factors: creativity and intuition
• Individualist or collective decision making?
• Group decision making: brainstorms, nominal group technique, delphi technique, devil’s advocacy, and dialectical inquiry.

Ethics: Some definitions are:

1. "Ethics has to do with what my feelings tell me is right or wrong."
2. "Ethics has to do with my religious beliefs."
3. "Being ethical is doing what the law requires."
4. "Ethics consists of the standards of behavior our society accepts."

From: http://www.scu.edu/ethics/practicing/decision/whatisethics.html

In those 4 definitions are involved: Morals, Ethics and Social Responsability.

Ethical Theories:

• Consequential Theory
• Rule-based Theory
• Character Theory
• Individual/Organizational Model: ifluencing an "ethical behaviour"
• Machiavellianism: end justify means?