Bpp learning Media is an acca approved Content Provider

Ethical dilemmas
are situations where two ethical values or requirements seem to be incompatible. 
They can also arise where two conflicting demands or obligations are placed on an individual.
A 
conflict of interest
arises where an individual has a duty to two or more parties. While working, 
information or other matters may arise that mean they cannot continue work for one party without 
harming another. Conflicts of interest are not wrong in themselves but they will become a problem if a 
professional continues with a course of action while being aware of, and not declaring, them. 
8.2 Situations where ethical dilemmas and conflicts of interest occur 
Ethical dilemmas occur as a result of 
tensions
between four sets of values. 

Societal values
– the law 

Personal values
– values and principles held by the individual 

Corporate values
– the values and principles of the organisation where the individual works, often 
laid down in ethical codes 

Professional values
– the values and principles of the professional body that the individual is a 
member of, often laid down in ethical codes 
Where society believes that businesses are not conducting themselves correctly, 
laws may be introduced
to ensure a 
minimum level
of 
behaviour
is followed. Examples of this include laws created to deal with 
environmental issues, cartels and unfair competition, as well as fraud, insider dealing, bribery and 
corruption. 
Ethical dilemmas
involve 
unclear choices
of what is right and wrong. In fact the choice could be what is 
the 
least wrong
course of action to take. In such circumstances there is little an individual can do but to 
seek advice
and trust their own