Session 1 - 1. Ethics a) philosophical study of morality;...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. Ethics – a) philosophical study of morality; b) the discipline that examines one's moral standards or the moral standards of society. Ethics is a kind of investigation, and includes both the activity of investigating as well as the results of that investigation, whereas morality is the subject matter that ethics investigates. In a way, ethics is both a normative study and a descriptive study. We study ethics to see how and why people behave the way they do (descriptive). However, I hope that by the end of the semester you will have examined your beliefs and values so that you can evaluate (possibly re-shape) your ethical framework so that you have a normative means of evaluating decisions. 2. Morality - the standards that individuals within a society have about what is right and wrong, good and evil. 3. Business ethics - a specialized study of moral right and wrong which concentrates on moral standards as they apply to business policies, institutions, and behavior. 4. Teleological theories - a category of moral philosophies that bases decision on the anticipated consequences of actions, the "hoped-for" outcomes. 5. Deontological theories - a category of moral philosophies that bases decisions on certain rules or duties one holds as foundational rather than consequences. 6. Character-based theories - a category of moral philosophies that focuses on the value system and virtues of a person rather than the actions a person takes or the reasons for those actions Where do people get their ideas about what is right and wrong? As I mentioned in the Welcome above, people develop their value system pretty early on in life. By the time you get to college, your value system is well ingrained and perhaps you are not even aware of it. When faced with an ethical dilemma, you probably intuitively decide what the “right” course of action is rather than sitting down and going through a formal ethical decisions making process. So where did this value system come from? You could probably list a number of influences, which would include the following: parents and family members who shaped your behavior and beliefs teachers, especially those in the early years of your life pastors, Sunday school teachers, or other influential adults as you were growing up friends who began to be more important in your thinking than your parents as you got older society in general as you observed behavior and outcomes on television, movies, athletics, and other places crises of various types can sometimes result in changes in your belief system As Boatright suggests, business decisions are informed by three primary forces: economic, legal, and moral. Further, the moral influences among people in the business world come from four areas: personal beliefs, professional standards, corporate culture, and societal influences. Consider the following scenario of an accountant facing a challenging decision. The accountant might discover some questionable practices in the
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

Session 1 - 1. Ethics a) philosophical study of morality;...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online