Business_Ethics

Business_Ethics - Business Ethics Chapter 1 Ethics...

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Business Ethics Chapter 1 Ethics Individuals’’ character and the moral rules that govern and limit our conduct o Right and wrong o Fairness and unfairness o Good and bad o Justice and injustice o Duty and obligation Three areas of Ethics Descriptive- description of the ethical beliefs of a certain group of people *Normative- attempts to develop and defend a general theory of right and wrong -whether we can justify moral standards Metaethics- nature and meaning of ethical language Philosophical analysis of morality itself Business ethics- study of what constitutes right and wrong human conduct in a business context -evaluates the customary values and behavior of business to prescribe how we should behave Characteristics of Moral Standards: 1. Concerned with behavior that seriously effects human well-being 2. Takes priority over other standards 3. Requires sound and adequate reasons to support them Other standards: Etiquette- what is socially appropriate The law- statutes, regulations, common law, and constitutional law
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Professional codes-medical (Hippocratic Oath) Evaluating Ethical Theories Built on the acceptance or rejection of a moral standard 1) Agree on the moral standard 2) Establish Bedrock Ground Rules Moral Reasoning- premise (moral standards & relevant facts) -conclusion (moral judgment) Moral Judgments Logical- reason and evidence, no inconsistencies Supported by facts BEDROCK PRINCIPLES Minimum Conception of Morality -logical -impartial consideration of each person’s interest Common Sense Theory -Other people’s interests count for something ETHICAL RELATIVISM-no moral absolutes What is right is determined by what the culture or society says is right Norms of a culture Challenges objectivity and universality of moral truth NO UNIVERSAL TRUTH Ex: child labor Normative Theories Prescribing a way to act “ought theory” of right and wrong
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Normative Ethics 1. Consequentialism- end result of an action (teleological) -an act is right if it produces a positive result 2. Nonconsequentialism- duty/obligation Two Consequential Theories: Ethical Egoism Utilitarianism Ethical Egoism Selfishness Only obligation is to one’s self Argument #1 -altruism is self defeating -charity is preventing them from being self reliant -FLAW- essence of argument is grounded in others
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This note was uploaded on 02/15/2012 for the course BLAW 1310 taught by Professor Hale during the Fall '11 term at Texas State.

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Business_Ethics - Business Ethics Chapter 1 Ethics...

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