Business & Finance Project 3 mgmt 295
An ethical dilemma is one where there is no clear right or wrong options, just consequences to decisions. Managers are often faced with ethical dilemmas on a daily basis. Understanding how to make ethical decisions is an important skill for all managers.
For this assignment, choose a country that is affected by the trade agreement that you studied in this weeks Discussion Board.
Write a paper explaining how to work with the following ethical dilemma:
You continue to conduct due diligence required to make a sound decision on doing business in the subject country. A colleague of yours who has done business working with the country in question suggests that if you make a bribe to the government official involved, the deal will go much smoother. Without the bribe, you might lose the deal altogether. Your competitor is willing to make the bribe if you do not. This is a normal everyday practice in this country and is in no way illegal.
Use the Project Management Institute (PMI) Guidelines for Ethical Decision Making for this assignment. Document each of the 5 steps to show how you made your final decision. What do you do, and why?
Reference
Project Management Institute (PMI). (2011). PMI ethical decision making framework (EDMF). Retrieved from https://www.pmi.org/-/media/pmi/documents/public/pdf/ethics/ethical-decision-making-framework.pdf?v=239f6d7f-b323-4ebc-9928-612b2ed1cc00
Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course materials.
Unit 5 Individual Project: Key Assignment Presentation Preparation
Begin creating and completing Section 3 below. Keep in mind that your presentation should persuade the hiring directors that you are the right person for the promotion. Note that you will not submit Section 3 until the Unit 5 IP.
Section 3: Global Business Issues
Begin Preparation: Unit 3 IP
Approximately 45 slides
The application of ethical management practice involves working through the five steps to decision making advocated by the Project Management Institute. An ethical dilemma will be provided, and you must work through the decision-making process and come to a conclusion.
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