S7+8_MORAL PHILOSOPHIES_handouts

S7+8_MORAL PHILOSOPHIES_handouts - 3/9/2010 2 Intentions...

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3/9/2010 Business Ethics Truong Thi Nam Thang 1 APPLYING MORAL PHILOSOPHIES TO BUSINESS ETHICS Dr. Truong Thi NmThang 2 Intentions Actions Consequences Moral Philosophy 3 ± Principles or rules that people use to decide what is right or wrong ± Teleology ² Egoism ² Utilitarianism ± Deontology ± Relativist perspective ± Virtue ethics ± Justice 4 A comparison of the philosophies used in business decisions Teleology Stipulates that acts are morally right or acceptable if they produce some desired results , such as realization of self-interest or utility Egoism Defines right or acceptable actions as those that maximise a particular person’s self interest as defined by the individual Utilitarianism Defines right or acceptable actions as those that maximise total utility, or the great good for the greatest number of people Deontology Focuses on the preservation of individual rights and on the intention associated with a particular behavior rather than of its consequences Relativist
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This note was uploaded on 07/19/2011 for the course ECON 101 taught by Professor Wood during the Spring '07 term at Berkeley.

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S7+8_MORAL PHILOSOPHIES_handouts - 3/9/2010 2 Intentions...

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