What are the Challenges in Making Ethical Decisions?
Leaders often face several challenges when making ethical decisions:
Conflicting interests: Balancing the needs and desires of different stakeholders can be difficult. Ambiguity: Ethical dilemmas are rarely black and white, and leaders must navigate gray areas. Pressure: External pressures from investors, competitors, or market conditions can influence decision-making. Personal biases: Unconscious biases can affect how leaders perceive and address ethical issues.