Once you have looked at the broadest dimensions of corporate and personal ethics, it is helpful to understand the theories behind the issues and to try different approaches in analyzing them. Challenge yourself to both assess your own reasoning within those prevailing theories and to understand differences in preferred modes of operating within the context of ethics and business. Your learning will be most rewarding if you take the time to reflect by assessing your previous ethical decisions and determining whether you would have acted differently given a second opportunity.
It is also useful to examine specific stakeholder issues in the external environment where board members, regulators, and consumers participate in the business process every day. To what extent should they shape or influence ethical behavior in business?
Ethical dilemmas within companies can have various forms Some well-known examples would be: