Description
Throughout this course, you will participate in a variety of critical thinking exercises designed to engage you in evaluating and selecting appropriate quantitative models and methods. A key aspect of this process involves ethical considerations. In an essay of 750-1,000 words, explore ethical decision making and arrive at conclusions relevant to your industry (I am working in health care as a Registred nurse) and perspectives of Christian worldview.
How do ethical business practices influence the evaluation, selection, and application of an analytical, quantitative business model? How does the selection of an appropriate business model reflect ethical practice? Frame your ethical considerations from both a Christian worldview and business practice perspective.
What role do individuals and management play in ensuring the appropriate business model is chosen, used, and evaluated for effectiveness?
Support your assertions with evidence from the readings, external research, and the textbook.
Prepare the assignment according to the guidelines found in the APA Style Guide
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
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Explanation & Answer
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Ethical Decision-Making – Outline
Thesis statement: Strong ethical business practices are a hallmark of a good health care
provider. Sound business practices are built by setting a moral example and creating policies and
procedures that govern the activities of employees.
I.
II.
Introduction
Most compelling business model attributes
III.
Christian perspective regarding the selection of a business model
IV.
The role of individuals and management
V.
Conclusion
Running head: ETHICAL DECISION-MAKING
Ethical Decision-Making
Name
Institution
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ETHICAL DECISION-MAKING
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Ethical Decision-Making
Ethical business practices have a significant influence in the evaluation, selection, and
application of an analytical, quantitative business model (Fraedrich, Ferrell & Ferrell, 2013).
Quantitative analysis refers to business analysis that aims to understand or predict behavior or
events through the use of statistical modeling and research often built on an ethical evaluation
approach. The impact of the business models on its relevant actors illustrates how business
ethical practices influence the assessment of a business model. They include the government,
competitors, customers, suppliers, employees and the society. The negative impact of the
business models on these actors is an indicator that the model needs a better replacement. It is
therefore essential to consider the impacts of a business model on the players mentioned above.
Business ethics is exceedingly important for a successful business. As a nurse in the broad field
of health care, it is evident that ethics promote reflective practices in the delivery of health care
(Husted & Husted, 2008). Strong ethical business practices are a hallmark of a good health care
provider. Sound business practices are built by setting a moral example and creating policies and
procedures that govern the activities of employees.
In the selection of the most appropriate business model, a company selects the most
effective and efficient model by using suitable criteria. The most compelling business model
attributes to attaining a favorable structure is the promotion of value addition to the firm. In
selecting a business model based on business ethical practices point of view involves, designing
a business appropriately and refining the commercial architectures for costs and revenues,
company (Fraedrich, Ferrell & Ferrell, 2013). In the field of healthcare provision, Ethical
Decision Making Framework provides a step by step, fair process to help guide healthcare
providers and administrators in working through ethical issues encountered in the delivery of
ETHICAL DECISION-MAKING
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healthcare (Fraedrich, Ferrell & Ferrell, 2013). The Framework can be used to guide decision
making and actions about ethical issues that arise from the bedside to the boardroom. The
framework addresses two general types of ethical decisions that lie on a continuum: clinical and
organizational.
In a Christian perspective regarding the selection of a business model, it is essential to
choose a model that is in line with upright and legally aligned business models. Christian
concepts and moral values form the framework of such decisions in that the people involved
experience the conviction of choices. This perspective considers a business model which is
beneficial and productive to a business and follows the right ways of conducting business.
However, it is still important to view the particular problem from different angles so that the
decision makers can eliminate options accordingly and achieve the best solution (Husted &
Husted, 2008). All in all, the task of selecting a business model is continuous work. There can be
great difficulty in determining the decisions about right and wrong, especially when aligning
them to Christian principles because most business strategies are inclined towards compromise.
It is important to note that most religions do not often address the broad range of ethical choices
that stakeholders in the business world encounter in the context of ethical decision-making
processes. In healthcare organizations, stakeholders must strike an excellent balance between ...