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6 Step Hosmer Model

This document outlines a modified decision-making model for business ethics consisting of 6 steps: 1) Establish the factual background and business context, 2) Identify the ethical issue and affected parties, 3) Determine alternative courses of action, 4) Note any uncertainties, 5) Analyze the options using different ethical frameworks and address cognitive biases, and 6) Make a recommendation. The model is intended to help business leaders make ethical decisions in the 21st century.

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2K views

6 Step Hosmer Model

This document outlines a modified decision-making model for business ethics consisting of 6 steps: 1) Establish the factual background and business context, 2) Identify the ethical issue and affected parties, 3) Determine alternative courses of action, 4) Note any uncertainties, 5) Analyze the options using different ethical frameworks and address cognitive biases, and 6) Make a recommendation. The model is intended to help business leaders make ethical decisions in the 21st century.

Uploaded by

aizzat_afiq
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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IndianaUniversityKelleySchoolofBusiness

DepartmentofBusinessLawandEthics

ETHICSANDTHE21STCENTURYBUSINESSLEADER(L375)

ModifiedHosmerDecisionMakingModel

1. Facts:Whatisthefactualbackground&businesscontext?
a. Whatisthebusinessatissue?Relevantfeaturesofitsindustry&financialperformance?
b. Whoarethepeopleinvolved?Whatisthetimelineofrelevantevents?

2. IdentifytheEthicalIssue:
a. Whoarethepotentiallyaffectedparties?
b. Whataretheirinterests?
c. Whatistheethicalissuethatthoseinterestspresent?

3. Options:Whatalternativecoursesofactionareavailable?

4. Uncertainties:Whatadditionalinformationwouldbeuseful?

5. Analysis:
a. EvaluateOptionsbyApplyingEthicalFrameworks:
i. ShareholderTheory
ii. StakeholderTheory
iii. VirtueTheory
b. Addressanyparticularlychallengingfeatures(e.g.cognitivebiases)thatfactorintothe
evaluation.

6. Conclusion:Briefstatementofyourrecommendation.

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