BUS 670 WK1ass - Theories 1 Ethical Theories Jennifer...

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Theories 1 Ethical Theories Jennifer Baxter BUS 670 Legal Environment Professor Little April 18, 2011
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Theories 2 Business ethics are engaged in the corporate world in order to encourage and regulate behaviors that affect the business decisions that are continuously presenting themselves. Employers and their employees are constantly faced with situations that put individuals’ morals to the test. In addition to an organization striving for profitability and gaining long term business value, organizations should also focus their efforts on promoting social responsibility. Not only should employers aim to serve their local community, but also encourage their own employees to lead better lives. There are many theories that encompass the application of business ethics and behaviors to use in order to cope with ever-changing social norms and the diverse cultural differences that exist among the corporate world. Mallor, et al. (2010) discusses four of these theories and their foundations in corporate ethics: Rights Theory, Justice Theory, Utilitarianism, and Profit Maximization. Two of the theories focus on results of a decision or action; conversely, two of the theories focus on the decision or action itself. Rights theory of corporate ethics attempts to satisfy ethical dilemmas by considering the basic fundamental rights that all humans pose by simply existing. Each of us faces a moral compulsion not to harm the fundamental rights of others (Mallor, et al., 2010, pg 93). This theory
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This note was uploaded on 08/29/2011 for the course BUSINESS 101 taught by Professor All during the Spring '11 term at Ashford University.

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BUS 670 WK1ass - Theories 1 Ethical Theories Jennifer...

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