The people who work in both large and small corporations are typically a reflection of society. Workers and leaders that enter the workforce bring with them personal, family, and community ethics and values. From an ethical perspective, there are two elements worth considering: ethical approach and ethical referent. Ethical approaches include principles, rationale, and standards that individuals portray when facing an ethical decision. Within the decision-making process, people include their egos, a sense of benevolence, and a principled philosophy. Ethical referents are the building blocks of an individual’s ethical concerns, or the stage of scrutiny supporting a person’s ethical decision-making. Unfortunately, many business decisions are made with irrational foundations. Good ethical decisions are not always beneficial to an individual or profitable for a firm, however, good ethical decision-making is good for society and is a requirement for good leadership.
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