Ravi, a senior procurement manager at GreenTech Solutions, faced a dilemma when his Company invited bids for a multi-crore supply contract. One of the bidders, Eco Mart Private Ltd., was owned by Ravi's close friend. Eco

An ethical dilemma is a problem in the decision-making process between two possible options, neither of which is absolutely acceptable from an ethical perspective. Every person may encounter an ethical dilemma in almost every aspect of their life, including personal, social, and professional. Some examples of ethical dilemma include: Taking credit for others' work Offering a client, a worse product for your own profit Utilizing inside knowledge for your own profit The biggest challenge of an ethical dilemma is that it does not offer an obvious solution that would comply with ethical norms. Throughout the history of humanity, people have faced such dilemmas, and philosophers aimed and worked to find solutions to them. The following approaches to solve an ethical dilemma were deduced: Refute the paradox (dilemma): The situation must be carefully analyzed. In some cases, the existence of the dilemma can be logically refuted. Value theory approach: Choose the alternative that offers the greater good or the lesser evil. Find alternative solutions: In some cases, the problem can be reconsidered, and new alternative solutions may arise. Any one of the following options can suit Ravi: He can sit out of the discussions finalizing the supplier after informing his relationship and likely conflict of interest; He can inform his employers about his relationship and also highlight the strengths of his friend and possibly get them to benefit from the lowest quote without direct participation. He can identify another supplier who can possibly match the quote of his friend and deliver an equally good product. There could be options beyond the above as well.