Final answer:
The model mentioned in the question is a model for ethical decision-making in the business context. Organizations develop and implement codes of ethics to guide the conduct of their members.
Step-by-step explanation:
Ethical Decision-Making in Business
The model mentioned in the question was developed by the former president of Hartford Seminary, who later became the director of corporate responsibility at Cummins Engine. It is a model for ethical decision-making in the business context.
In the field of business ethics, organizations develop and implement codes of ethics to guide the conduct of their members. These codes are important in ensuring ethical behavior and responsible decision-making.
A concrete example is the Institute of Electrical and Electronic Engineers Computer Society (IEEE-CS), which provides a code of ethics for computer science and engineering professionals.