How They Influence Decision-Making in the Modern Business Environment (Essay Sample)

How They Influence Decision-Making in the Modern Business Environment
Introduction
In recent years, business ethics has become an important topic in the scholarly world in light of the various instances of corporate wrongdoing by small, medium-sized, and multinational conglomerates. Business malpractices engineered by top-level management in companies such as Volkswagen that came to light following the unearthing of its emissions scandal and other companies highlight the need for an enhanced sensitization on the importance of ethics in business (Kreismann & Talaulicar, 2021). To achieve such a noble objective, personnel training during human resource development is a useful consideration that would help enhance the entrenchment of ethical business practices within organizations for enhanced accountability. This paper sees to evaluate the perspectives of Kreismann and Talaulicar (2021), and Schiff et al. (2020) on the significance of ethics in business practice and the input of enhanced training and sensitization in achieving this noble objective. Additionally, the paper will evaluate the positions taken by the authors in both publications to develop a coherent argument of the significance of ethical practice in modern-day business management.
Firstly, Kreismann and Talaulicar (2021) present compelling arguments on the significance of ethical practice in business management and the overall need for practitioners in the human resource environment to enhance the training of staff and students on the same. Additionally, following the adoption of emerging technologies, including Artificial Intelligence (AI), Machine Learning, and the Internet of Things in the management of organizations as they pursue enhanced efficiency, the need for developing a standardized ethical code to oversight such processes remains apparent. As such, Schiff et al. (2020) explore the policy strategies, principles, codes of practice developed by various corporations to develop an enabling environment for the implementation of ethical practice in advancing AI solutions. According to Kreismann and Talaulicar (2021), unethical decision-making in the business world has become commonplace, given the insufficiency of ethical training among staff. As such, various organizations are increasingly developing training programs for crucial staff, including top and medium-level managers, to improve their predisposition to ethical competence (Kreismann & Talaulicar, 2021). The publication perceived ethical training as a form of human resource development initiative that equips beneficiaries with the necessary skillset to improve their decision-making capabilities.
Secondly, Kreismann and Talaulicar (2021) review a litany of publications published on the subject of ethical practice in business and present a compelling argument on its importance in the business domain. The authors submit that cognitive antecedence portends substantial influence over the manifestation of ethical business practice. The publication reviews various evaluation models to establish their input in the advancement of ethics in business. For instance, Kirkpatrick's model is extensively analyzed, given its input in evaluating the effectiveness of training initiatives and their overall impact on the satisfaction levels of participants (Kreismann & Talaulicar, 2021). The four-leveled program evaluates the effectiveness of training programs, the reaction of the participants, the learning process, and the eventual result achieved following its successful implementation.