business ethics

Unit 45: Business Ethics
LO 1 – Understand different ethical perspectives in business
Introduction –
1.1 Explain the background of theoretical ethical approaches and development of theoretical ethical approaches.

Ethical perspectives:
Deontological and teleological ethical theory;
a. Define Deontology ethical theory
Give example of deontology by stating a Philosophical experiences or case laws
b. Define Teleology ethical theory,
Give example of teleology by stating a Philosophical experiences or case laws
c. Compare & Contrast the ethical theories.

d. Developments from deontology and teleology approaches eg utilitarianism and other consequential approaches;

e. Contribution of Immanuel Kant (1724-1804) and Stuart Mill (1808-73);

f. Conclusion

1.2 Compare and contrast absolute and relative ethics

g. Define absolute ethics and give example by stating a Philosophical experiences or case laws
h. Define relative ethics and give example by stating a Philosophical experiences or case laws
i. Compare and contrast, identify significant similarities and differences

j. Explain the roles and responsibilities of the Institute of Business ethics (IBE)

1.3 Explain the ethical issues which can affect the operational activities of a business.
Operational activities: definitions of business ethics;

ethical activities; values of businesses; professional ethics

Ethical issues: corporate governance; corporate social responsibility; environment; sustainability; human rights; corruption; trading fairly; legal and regulatory compliance; business practices; working conditions; individual ethical responsibilities

1.3.1 Can a business operate in a purely ethical manner?
1.4.1 Conclusion
1.4.2 Reference page

Unit 45: Business Ethics
LO 1 – Understand different ethical perspectives in business
Introduction –
1.1 Explain the background of theoretical ethical approaches and development of theoretical