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6 Step Hosmer Model
6 Step Hosmer Model
DepartmentofBusinessLawandEthics
ETHICSANDTHE21STCENTURYBUSINESSLEADER(L375)
ModifiedHosmerDecisionMakingModel
1. Facts:Whatisthefactualbackground&businesscontext?
a. Whatisthebusinessatissue?Relevantfeaturesofitsindustry&financialperformance?
b. Whoarethepeopleinvolved?Whatisthetimelineofrelevantevents?
2. IdentifytheEthicalIssue:
a. Whoarethepotentiallyaffectedparties?
b. Whataretheirinterests?
c. Whatistheethicalissuethatthoseinterestspresent?
3. Options:Whatalternativecoursesofactionareavailable?
4. Uncertainties:Whatadditionalinformationwouldbeuseful?
5. Analysis:
a. EvaluateOptionsbyApplyingEthicalFrameworks:
i. ShareholderTheory
ii. StakeholderTheory
iii. VirtueTheory
b. Addressanyparticularlychallengingfeatures(e.g.cognitivebiases)thatfactorintothe
evaluation.
6. Conclusion:Briefstatementofyourrecommendation.