How can I resolve ethical dilemmas in my business?

How can I resolve ethical dilemmas in my business?

Resolving ethical dilemmas often involves a structured approach. Can you describe the specific dilemma you're facing?

I'm torn between maximizing profits and ensuring fair wages for my employees.

That's a common dilemma. One approach is to evaluate the long-term impact of each option. Have you considered how fair wages might affect employee retention and productivity?

I haven't thought about that. What are some strategies to balance both?

You could explore options like profit-sharing or flexible work arrangements that enhance employee satisfaction while maintaining profitability.

Those sound interesting! How do I implement them effectively?

Start by communicating openly with your employees about their needs and expectations. Then, pilot a program to gauge its effectiveness before a full rollout.