Application: Upgrading the Ethical Decision-Making Model for Business

Abstract

One of my favorite statements about decision-making was in Woody Allen‟s “My Speech to the Graduates” (1980): "More than at any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly.” i Often enough our options in business ethical decision-making seem to range from the unpleasant to the tragic. But, as in the case of Woody Allen‟s speech, we may not be seeing all the possibilities.