A Framework for Ethical Decision Making Markkula Center for Applied Ethics

framework of decision making

It’s perfectly acceptable to broaden both frameworks’ applicability beyond your roadmap. Group decision-making is a must when dealing with sensitive topics or subjects that a lot of people have an interest in. A substantial part of what stakeholder bookkeeping for startups management means is the need to share accountability. Frameworks help a great deal in organizing people and giving clarity on objectives. The Golden Circle was introduced by leadership specialist Simon Sinek back in 2009 in his book Start with why.

However, we wanted to make this example look like a real-life situation and imagined that the Traveler’s friend already has a car. Let’s apply the framework to the same example we used before (you want to visit your friend in LA) to see how it works in practice. Now, let’s apply the framework to solve a hypothetical problem.

Personal SWOT Analysis

These are mostly unanimous decisions that everyone will agree upon. Every individual has a set of values that he/she holds essential. These are the questions that need to be answered before handing over the responsibility of a decision to an individual or a group of individuals. Our life is the cumulative effect of the decisions we have taken up until this point. A decision-making framework is used for effectively and accurately designing and developing assessment methods and tools for an organizational environment.

What are five 5 good decision-making frameworks?

  • 1) Rational decision-making model.
  • 2) Bounded rationality decision-making model.
  • 3) Vroom-Yetton decision-making model.
  • 4) Intuitive decision-making model.
  • 5) The recognition primed model.

The group then needs to either argue to convince the ones against it or be persuaded into changing options. This way, you improve the chances of a decision being sound since it was scrutinized from multiple angles by the group. This is probably the simplest, yet one of the more engaging group decision-making tools available. Originally just a voting system for brainstorming sessions, I like the depth that the veto mechanic adds to the process. A tree can be small, meaning it has only one decision node and its branching immediate consequences, or large, which means it has follow-up decisions and their respective branching consequences.

Try ProductPlan free for 14 days

Law may have a difficult time designing or enforcing standards in some important areas, and may be slow to address new problems. Both law and ethics deal with questions of how we should live together with others, but ethics is sometimes also thought to apply to how individuals act even when others are not involved. Finally, many people use the terms morality and ethics interchangeably. Others reserve morality for the state of virtue while seeing ethics as a code that enables morality. Another way to think about the relationship between ethics and morality is to see ethics as providing a rational basis for morality, that is, ethics provides good reasons for why something is moral. As in the other contexts, leaders face several challenges in the complex domain.

framework of decision making

Leave a Comment

Your email address will not be published. Required fields are marked *