Ethics, doing the right thing, moral compass, etc. We have heard it, read about

Ethics, doing the right thing, moral compass, etc. We have heard it, read about it and seen it in our own lives.
Below is a method to figure out the moral “high ground.”
Read it and tell me about an incident in your life where you could have used this information below
Ask yourself and your colleagues if a particular business situation will do more harm than good. For example, your company may consider merging with another company in the industry. The merger could lead to greater profits and increased production capacity. However, thousands of people could lose their jobs. You have to decide if the benefits outweigh the costs.
2
Determine if the methods you plan to use to address the business situation respect the moral rights of your employees or coworkers. You should not ask workers to perform tasks with which they are not comfortable. For example, asking accountants at your company to leave liabilities off the balance sheet to raise revenues is a violation of their moral rights.
3
Collect facts about the business situation. You cannot make a fair and ethical decision without knowing all of the facts about the problem. There may be multiple individuals that stand to gain or lose once a decision is made about the situation. If you have all of the available information about the situation, there is less of a chance that you will make a decision that is unbalanced.
4
Discuss possible solutions to the business situation with colleagues. Input from multiple individuals ensures that the solution is not based on one set of ethical principles. For example, your colleagues may be more sensitive to certain issues than you are; their input recenters your own ethical views and helps to work toward a balanced solution.
5
Examine the virtues and standards of the company and decide if the solution for the business situation is consistent with those standards. For example, if your company touts its transparency regarding its business dealings, and you work a secret deal with another company to expand operations, technically you are violating the ethical standards of your company.
6
Implement the decision and ask for feedback. The input you receive from employees shows whether the final decision was ethical and fair. For example, if you base bonuses off of a particular performance metric, but that metric unfairly leaves out a group at your company, feedback will show that the reasoning was not ethical. You can then adjust the situation to maintain fairness.