Chapter 1: Introduction to Business Ethics
Lesson 2: Morality and Moral Standards
In the first lecture I have tried to explain you the concept of Business Ethics, its importance in the organization, and arguments against its implementation. Along with that we did a small activity so as to make everything clear. In this lecture I shall talk about morality and moral standards.
Points to be covered in this lecture:
Meaning and characteristics of morality
Meaning and origin of moral standards
MORALITY
What do you actually mean by morality?
Morality can be explained in all these ways:
Morality can be defined as the standards that an individual or a group has about what is right and wrong, or good and evil.
Moral quality or character; rightness or wrongness, as of an action; the character of being in accord with the principles or standards of right conduct.
Not imposed from outside, but innate and can even be unconscious. We have a fundamental urge to connect. Ultimately, it's our moral qualities that force us to live in harmony with the unconscious; doing so is the highest form of morality. Morality is individual; the morality of a group decreases as its size increases.
Morality is an informal public system applying to all rational persons, governing behavior that affects others, and has the lessening of evil or harm as its goal.
Morality is a complex of concepts and philosophical beliefs by which an individual determines whether his or her actions are right or wrong. Often, these concepts and beliefs are generalized and codified in a culture or group, and thus serve to regulate the behavior of its members. Conformity to such codification is called morality, and the group may depend on widespread conformity to such codes for its continued existence. A "moral" may refer to a particular principle, usually as informal and general summary of a moral