Business Ethics For Juliet Puchert By: Mr. KUDZAI MACDONALD MANDIZVIDZA 201105404 Tut Group: W10 Contents INTRODUCTION 3 Business ethics concept 3 IMPORTANCE OF BUSINESS ETHICS 4 Reputation 4usiness ethics Investors’ confidence 4 Financial performance 5 Consumers 5 ETHICAL ISSUES 5 The community 5 Employees 5 Customers 6 Suppliers 6 Managers 7 BASIC BUSINESS ETHICS THEORIES 7 Stockholders’ theory 7 Stakeholder’s theory 7 The Social contract theory. 8 Utilitarian
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If people would adhere to virtues the world would be a better place. Living a virtues life means following moral qualities. Not living a virtuous life can lead to: untrustworthiness‚ unfairness and alarm. People can avoid negative experiences by following proper protocol. The world would be a better place if people live by the following virtues sincerity‚ justice and tranquility. Sincerity is a moral quality that people should live by. The virtue sincerity teaches humans to be real and true. People
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UTILITARIANISM AND DEONTOLOGY Action we take must have consequences whether good or bad. Utilitarianism is a theory that focuses on consequences that will bring about the best possible outcome of any situation‚ in terms of individuality or people‚ this means some sort of pleasure and happiness must be the result. On the other hand‚ deontology focus on the doing the right thing‚ were your intentions will be understood based on the right thing where everyone in your position would do the same‚ more
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A countries decision of whether to follow a command or market economy has significant influences on the countries potential and its people. A market economy is one that gives the people the freedom to shape the economy. Countries that have a market economy include the USA‚ Canada‚ and UAE. Command economy on the other hand‚ does the opposite where the government has full control on the economy. The USSR and North Korea both have a Command economy. Both of these types of economies have social goals
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last week‚ that UTILITARIANISM is a version of CONSEQUENTIALISM in that it holds that the RIGHT action (in any given situation) is the action WHICH HAS THE WHICH HAS THE BEST CONSEQUENCES; CONSEQUENTIALIST ethical theories may be contrasted with DEONTOLOGICAL – or DUTY-BASED theories (such as Kant’s) Now‚ some ( but not all) deontological theories are versions
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RUNNING HEADING: ETHICAL (MORAL) RELATIVISM Ethical (Moral) Relativism Exploring Kohlberg’s stance on Ethical Relativism JebbehG Ethics in Contemporary Society | PHI101 A01 July 17‚ 2013 Introduction Presently‚ Americans are comfortable relating ethics to individuality. Often times‚ American citizens expresses their right of freedoms to enhance their own sense of ethics or relativity. In defining relativism‚ moral principles are a matter of personal feelings and
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“Business Meta-Ethics: An Analysis of two theories” written by “F. Neil Brandy and Craig P. Dunn” he has examined the two popular theories of ethics viz. traditional ethical theory (utilitarianism and deontological) and a recent model (consisting of utility‚ rights‚ justice). The writer differentiates and supports the traditional ethical theory by giving facts and practical examples. The writer starts the article by saying that presenting an ethical theory is impulsive. But‚ no doubt the theory of deontology
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versions of Virtue Ethics address the weaknesses of Aristotle’s teachings on virtue? Aristotle’s idea of Virtue Ethics was influenced by his belief that all things and all humans have a purpose (a telos). For him a complete explanation of something has to include its final cause or purpose which essentially is to realise its potential. Virtue Ethics itself is concerned with the characteristics of a person rather than how a person behaves and it is this he outlined in his book Nicomachean Ethics. A ‘’virtue’’
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In the Introduction of Linda Zagzebski’s essay titled Exemplarist Virtue Theory‚ she describes exemplarism as a “radical kind of virtue theory that is foundational in structure but which is grounded in exemplars or moral goodness” (41). In addition to this‚ she proposes that the concepts of the good‚ right to act and virtue are “defined by reference to such exemplars which are directly identified through the emotion of admiration. Finally‚ in the introduction she explains that what makes a good person
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Stuart Mill‚ came up with the most popular moral theory‚ called Utilitarianism. It states that something is right if it promotes happiness and wrong if it brings happiness to the performer only and does not affect everyone around you. This theory is in opposition to egoism‚ the view that a person should pursue his own self-interest‚ even at the expense of others‚ regardless of the consequences. Morals are separated into good and bad. But in utilitarianism‚ good is defined as the existence of pleasure
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