How Do Your Personal Values And Ethics Affect Your Decision Making?

What are three major influences that affect your decisions?

Significant factors include past experiences, a variety of cognitive biases, an escalation of commitment and sunk outcomes, individual differences, including age and socioeconomic status, and a belief in personal relevance.

These things all impact the decision making process and the decisions made..

Why is it important to have values?

Values reflect our sense of right and wrong. They help us grow and develop. They help us create the future we want. The decisions we make every day are a reflection of our values.

What are 6 steps in decision making?

Overview of the 6-Step ProcessStep 1: Define Desired Outcomes and Actions. … Step 2: Endorse the Process. … Step 4: Develop Alternatives or Options. … Step 5: Evaluate, Select, and Refine Alternative or Option. … Step 6: Finalize Documentation and Evaluate the Process.

What are 3 factors that you should consider when making an ethical decision?

Making Ethical Decisions: Things to Ask YourselfDoes your decision conflict with any of the core ethical values?Think of someone whose moral judgment you respect. … How will your decision affect others?Ask yourself: Are my actions legal?Are there regulations, rules, or policies that restrict your choices/ actions?Would your decision be perceived as unethical?More items…•

How do decisions impact others?

How can a decision impact others? Every decision has consequences that affect the person making the decision as well as others involved. These consequences can be immediate or long-lasting. The consequences of decisions can be positive, negative, or a combination of both.

What are 3 sets of factors that influence the standards of behavior in an organization?

Individual, opportunity, and social factors all affect the standards of behavior in an organization.

How do values affect our decision making?

Your values form the foundation of your life. They dictate the choices you make and determine the direction that your life takes. Your values will influence your decisions related to your relationships, career, and other activities you engage in. Yet despite this importance, few people choose their values.

How do morality and ethics affect decision making?

Ethics are moral principles that guide a person’s behavior. These morals are shaped by social norms, cultural practices, and religious influences. … Ethical decision making requires judgment and interpretation, the application of a set of values to a set of perceptions and estimates of the consequences of an action.

How does social influence affect your decisions?

Behavior that is consistent with the authority influence hypothesis should be better described by the social influence model, which allows decision makers to give greater weight to the information that is inferred from the behavior of the higher ranked other person.

What are the factors that affect your ethical decision making as a student?

The five major categories playing a prominent role in influenc- ing business student ethical decision making within university life are Internalized Ideals and Beliefs, Institutional Influences, Influ- ential Stakeholders, University Experiences, and Academic Context.

What are the factors that influence ethical decisions?

Significant individual factors that affect the ethical decision-making process include personal moral philosophy, stage of moral development, motivation, and other personal factors such as gender, age, and experience.

How does culture affect ethical decision making?

Culture affects an individual’s view of time, environmental space, family structure, illness/health, and death. Increasing our awareness of various cultural perspectives can reduce barriers and promote more effective communication. …

How culture affect decision making?

Culture may also affect the decision-making process. Cultural beliefs can affect how a patient will seek care and from whom, how he or she will manage self-care, how he will make health choices, and how she might respond to a specific therapy.

What are some examples of ethical values?

Recommended Core Ethical ValuesIntegrity, including. Exercising good judgment in professional practice; and. … Honesty, including. Truthfulness; … Fidelity, including. Faithfulness to clients; … Charity, including. Kindness; … Responsibility, including. Reliability/dependability; … Self-Discipline, including. Acting with reasonable restraint; and.