Unit 1 - Unit 1 lntroduction to Business Ethics...

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Unit 1: lntroduction to Business Ethics lntroduction Ethics concerns rules governing how persons relate to one another. Applied ethics concerns rules governing how persons relate to one another in particular contexts; each context has  its own particular issues that must be addressed. Business ethics concerns rules governing how persons relate to one another in the business context; particular  issues include: 1. whether ethics applies to business at all  2. the role of profit;  3. the relationship between seller and buyer;  4. the relationship between business and society. General Ethics Consequentialist Theories. pgs. 3-6 Consequentialist theories focus on the consequences of actions  and evaluate actions based on the extent to which  they achieve desirable results. Ethical egoism: 1. "a person ought to do that which is in his or her self-interest";  2. my happiness matters more than yours;  3. not concerned with mere pleasure but with long-term self-interest, i.e., maximizing personal happiness;  4. allows for making others unhappy in order to make self happy. Utilitarianism: Jeremy Bentham, John Stuart Mill 1. "a person ought to do that which maximizes general happiness";  2. everyone's happiness matters equally;  3. also not concerned with mere pleasure; 4. allows for making some unhappy in order to make others happy. We practice consequentialism in our everyday deliberations - we attempt to predict the consequences of alterative  actions, and then choose the action that we believe will produce the best consequences. Deontoloqical Theories. pgs. 6-8 Non-consequentialist theories focus on the duty to do that which is right regardless of the consequences . Duty is  linked to the idea of universal principles that should govern all our actions. Kantianism: 1. Act only in accordance with those maxims which you can approve of everyone acting in accordance with; 2. Treat persons not only as means but also always as ends. We also practice non-consequentialism in our everyday deliberations - sometimes we attempt to do the right thing  even when it’s not in our or the majority's interest. Character-Based Theories. pgs. 10-11 Character-based theories are not concerned with actions at all; they are, instead, concerned with the character of  the actor; a person with proper character will perform right actions. Virtue ethics : "A person ought to habituate him or herself to achieving the proper state for particular  circumstances." A person’s underlying moral character. Feminist ethics
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Unit 1 - Unit 1 lntroduction to Business Ethics...

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