Ethics - Ethics: Is One Mans Good Anothers Bad or Ugly? The...

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Ethics: Is One Man’s Good Another’s Bad or Ugly?
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“The one and only social responsibility of business is to increase its profits.” Milton Friedman Nobel laureate in economics “The business of business is serving society, not just making money .” Dayton Hudson corporate constitution
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To Whom is Business Responsible? Society Customers Employees Shareholders Host Country
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This is about making judgments Good and Bad Right and Wrong In short . . .what ought to be
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Sources of Business Ethics Religion Philosophy Culture Law Codes of Conduct
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Utilitarian Ethics Englishman John Stuart Mill wrote Utilitarianism in 1863. A correct decision was one that tended to maximize overall happiness and minimize overall pain. Risk management and cost-benefit analyses are examples of utilitarian business practices. Utilitarianism is, in some ways, an almost mathematical approach to ethics.
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Deontological Ethics The results are not as important as the reason for which the
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Ethics - Ethics: Is One Mans Good Anothers Bad or Ugly? The...

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