Ethical theories and business Introduction When it comes to determining a set of rules‚ guidelines or principles to follow in the business industry‚ many will agree that it is difficult for everybody to agree on one due to the complexities of dealing with human nature. Therefore‚ to a certain extent‚ the field of business ethics tries to come up with solutions to handle problems that arise within the business environment. On the contrary belief‚ one should not be confused with the meaning of morality
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Ethical relativism is a view on morality stating that there are no universally accepted moral principles. Morality varies from one culture to another and no society has the right to impose their view of morality on other societies. Ethical relativism can be summed up to mean that morals are derived from what is culturally acceptable in any given society. ER is made up of two theses. The first is the diversity thesis‚ which simply says that moral practices are diverse across cultures. Ruth Benedict
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Assignment: Business Ethics and Virtue Ethics ETH 501: Business Ethics Dr. Gary Shelton November 14‚ 2013 Abstract For the purposes of this assignment we will analyze the Mattel case and discuss the actions of the company regarding the behavior and actions in conjunction with the Global Manufacturing Process that was implemented. Breaches of the two business ethics elements of integrity and egoism will be assessed. Within the discussion I have identified the virtues prudence‚ justice‚ fidelity
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Utilitarianism theory exists on the views that an individual should pursue his own interest/beliefs‚ despite the existence of theories that define some acts right or wrong. Individuals should stick to this principle despite the consequences. In terms of deontological theory‚ it insists on adhering to moral rules that exist in a certain system‚ which are independent. Virtue theory exists on the basis that the role of a person’s character determines the virtues and morals upheld by that individual
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Ethics Essay The world that we live in has many rules and beliefs that we have adapted to‚ some of these beliefs are known as ethics. Ethics is what we know of what is right and wrong in life. There exists several types of ethics beliefs but in this case the Virtue Theory‚ Utilitarianism‚ and Deontological theories will be described and compared because each one of these ethics has many differences. Virtue Theory The Virtue Theory is known as virtue of ethics‚ in this theory the focus is on
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concerning ethics. Emerging from the point that both of their works can be classified as examples of virtue ethics and building upon the numerous areas of convergence between them too it is clear that both Aristotelian and Confucian virtue ethics can be discussed in terms with each other and are not exclusionary of the ideas or concepts‚ nor the internal workings‚ of the other. With this‚ then‚ two very different cultural and historical contexts are shown to be able to give rise to ethical systems which
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The theory behind utilitarianism is that one’s actions are right if it promotes happiness or pleasure and wrong if it does not promote happiness or pleasure. The main point to this theory is the principle of utility that states “according to which actions should be chosen that bring about the greatest amount of happiness for the greatest number of people.” (Palmer) Jeremy Bentham gave essentially utilitarianism its name and brought more attention to it than those before him. Bentham came up with
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Ethical relativism is a moral belief that what may be deemed acceptable by “one person or group‚” is not necessarily acceptable nor applicable by or for another. Thus‚ according to this viewpoint morals are based upon individual or cultural philosophies of life. Consequently‚ relativism expels moral absolutes‚ beings morality is “a matter of personal taste or preference.” In this forum I am to determine whether I agree or disagree with this viewpoint‚ I disagree. To approve of this mindset‚ I
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Ethical relativism is the theory that morality is relative to the norms of one’s culture. That is‚ the moral norms of the society practiced depend on whether an action is right or wrong. But‚ the problem with moving from cultural perspective to cultural relativism is rather than saying‚ “we need to understand the morals of other cultures‚” it says‚ “we cannot judge the morals of other cultures‚” regardless of the reasons for their actions. The same action may be right in one society but be wrong
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Session 3. Deontology and virtue ethics 29/1/2014 Virtue ethics: Text for assignment question 1 and session 3 File Brennan‚ J. (2012): For-Profit Business as Civic Virtue‚ Journal of Business Ethics‚ 106(3): 313-324. The nature of moral value: -You see a boat capsizing; somebody shouts for help -you swim to rescue the person but once you reach the boat the person has already drowned -Does your action have a moral value? Actions aren’t everything -There are important ethical properties
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