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, consider the country affected by the trade agreement you studied in this week’s 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 (Peru). 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? I will let you decide to pay the bribe or not. I have already written about the trade agreement with Peru in this week’s discussion board. I have also attached links below that will describe the 5 steps for ethical decision making and the trade agreement.
Assignment Objectives Distinguish how different cultures influence the negotiation process.
Identify current business trends for key insights and relevancy to management fundamentals https://ustr.gov/trade-agreements/free-trade-agreements/peru-tpa http://www.pmi.org/-/media/pmi/documents/public/pdf/ethics/ethical-decision-making-framework-american-english.pdf Reference Project Management Institute. (2012). PMI ethical decision-making framework. Retrieved from http://www.pmi.org/About-Us/Ethics/~/media/PDF/Ethics/Ethical%20Decision%20Making%20Framework%20-%20FINAL.ashx
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