Business Ethics Introduction.pptx
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The document discusses the concept of ethics. It provides definitions of ethics from various sources, noting that ethics deals with concepts of right and wrong, moral duty and obligations. It discusses ethics as applying to human behavior and choice. The document outlines the purpose of ethical reflections as gathering information, identifying issues, constructing arguments, generating options, and evaluating outcomes. It also discusses characteristics of moral standards, business ethics, mediating between moral demands and interests, and duty ethics in the business environment.
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- 1. The word ethics derived from the Greek word “ethos”, which refers to character, guiding beliefs, standards or ideals that pervade (encompass) a group, community of people. All individuals are accountable to their community for their behaviour. Webster: “Ethics is the discipline dealing with what is good and bad, with moral duty and obligations”. Peter F. Drucker : “There is only one ethics, one set of rules morality, one code: that of individual behaviour in which the same rules apply to everyone alike”. Philip W. Wright: “Ethics is a branch of philosophy which is the systematic study of selective choice of the standards of right and wrong by which it may be ultimately directed. ETHICAL REFLECTIONS
- 2. •The concept of ethics is applied to human beings only as they have freedom of choice and means of free will. •Experts were of the opinion that ethics is more a science than an art. •It is about moral behaviour and human conduct. •The of ethics is a normative science. It is a search for an ideal litmus test of proper behaviour. Nature of Ethical Reflections
- 3. Purpose of Ethical Reflections •To gather the necessary information to understand the situation fully. •To identify the ethical issues and frame the ethical questions that are raised by the issues. •Construct the ethical arguments and counter-arguments that answer the ethical questions posed. •Generate a range of options for action and test each option using the ethical criteria developed in the analysis. •Address the practical problem by selecting the option for action that best addresses the combined practical and ethical issues raised. •Evaluate the outcomes of the decision and adjust future responses accordingly.
- 4. What is Ethics Aristotle conceived of the term 'ethics' as a way of examining the moral thought of his teacher Plato, and Plato's contemporary Socrates. Wishing to keep a simple definition, Aristotle conceived of ethics as the moral and behavioural ideal of the way in which human life is conducted.
- 5. Moral Behaviour To act according to ones moral values and standards. •Speak the truth. • Be careful with what you say and do to others. • Respect the property of others. •Treat people in need or distress as we would want to be treated if our situation were reversed.
- 6. Characterstics of Moral Standards •Moral standards involve serious wrongs or significant benefits. ... •Moral Standards ought to be preferred to other values. •Moral standards are not established by authority figures. •Moral standards have the trait of universalability. •Moral Standards are based on Impartial consideration.
- 7. Business Ethics Implementing appropriate business policies and practices with regard to arguably controversial subjects. 7 Business Ethics:- (i) Politics without Principles (ii) Wealth without Work (iii) Commerce without Morality (iv) Knowledge without Character (v) Pleasure without Conscience (vi) Science without Humanity (vii) Worship without Sacrifice.
- 8. Mediating between moral Demand and Interest
- 9. Mediating between moral Demand and Interest
- 10. Relative Autonomy of Business Morality Morality:- Principles concerning the distinction between right and wrong or good and bad behaviour.
- 11. Relative Autonomy of Business Morality
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