ethical_theories (1).docx - Running head ETHICS 1 Ethics Name Institutional Affiliation ETHICS 2 Ethics Ethical theories are essential elements of

ethical_theories (1).docx - Running head ETHICS 1 Ethics...

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Running head: ETHICS 1 Ethics Name Institutional Affiliation
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ETHICS 2 Ethics Ethical theories are essential elements of business practices as they form the basis for making decisions when ethics are in the play. These theories reflect the viewpoints that people pursue in decision-making. Every theory emphasizes a specific style of decision-making or rule of decision-making, such as predicting the outcome and executing one's duties with others to make what the person considers an ethically appropriate decision. It is essential that organizations realize that not all decisions are made in the same manner, using the same evidence, in accordance with specific rules of judgment, to consider the ethical judgment-making process. A particular set of goals that decision-makers seek to accomplish to be followed must be understood in order to grasp the ethical theory better. This paper seeks to provide definitive research on concepts and theories related to ethics and apply them to Waner Case Study. Relativism Theory Ethical relativism is a philosophy that maintains moral values relative to the norms of culture. The idea of whether an event is right or wrong depends on the social norms of morality. In one society, the same actions may be right, but in another, they may be morally wrong. There are no universal principles of morality for ethical relativists, values that can still apply equally to all cultures. The actions of a society are determined only by its own moral values. If ethical relativism is correct, there can be no common framework for resolving moral disputes or accepted ethical issues between members of different societies. Ethical relativism is criticized by several ethicists. Some argue that while the social practice of communities will differ, such practices are not based on fundamental moral values. For example, killing one's parents when they reached a certain age was common practice in some cultures, emerging from the belief that,
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ETHICS 3 though physically active and energetic, people were better off afterlife. Even though such a tradition should be condemned in society (Larsson, K2019). Application of Relativism Theory in Warner Case Studies The theory of relativism is used to help analysts to draw a clear understanding and tolerance when studying the Waner Company. This theory guides analysts and scholars on moral diversity and makes them realize that cultures have a diverse moral ethic, and the norms and rules can simply determine the idea of what is wrong or right in a given culture. When studying
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