The document discusses how moral philosophies influence business practices and decision-making. It explains that philosophical concepts like formal and material causes impact business. Moral philosophies guide behavior and analysis. They also determine a business's morality and impact global strategic planning as morality differs in various regions. The document advocates integrating moral philosophies into practices like corporate social responsibility and a company's mission and values. It provides the example of how Nike responded to labor violations by rectifying policies and prioritizing workers' rights and safety.

1. http://www.helpinwriting.com/
Presents

2. IInnttrroodduuccttiioonn
The philosophy of business focuses on philosophical
concepts, ethical principles and social responsibility
as shown in this presentation
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3. C Philosophical Caauusseess iinn BBuussiinneessss
• Formal cause
• Material cause
• Efficient cause
• Final cause
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4. Influence of Moral Philosophies on Behavior and
Decision-Making
They guide ideas that represent general behaviors .
They help in a systematic, defensive analysis, and
recommendation of concepts.
People make an evaluative assessment of behavior .
It determines the morality of a business.
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5. Impact of Moral Philosophies on Global Strategic
Planning
Leads to critical analysis as morality differs with regions.
Conflict arises when questions of ethical choice emerge.
Different stakeholders challenge morality of decisions.
Different opinions effect financial performance and
business operations.
Managers familiarize themselves with varying societies.
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6. Integrating Moral Philosophies into Business
Practices
A business should conduct a SWOT analysis.
Perception of high morality increase economic
performance.
An entity should include a moral concept in value, mission
and vision statement.
A business should show efficacy.
An entity should take advantage of opportunities.
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7. Integrating Moral Philosophies into Business Practices
Corporate Social Responsibility integrates moral
philosophies in business practices.
Independent monitoring committee ensures
compliance of morality related issues.
Committees should compose of non-employees.
Key stakeholders should be engaged in business
operations.
Firms should operate within the legal framework.
Global firms should invest in research and
development.
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8. Case study of the Integrated Moral Philosophy in
Decision Making
Nike increased production to meet increased
demand.
 In the 1990s, it was accused of labor and human
rights violations in the developing countries .
This affected Nike’s sales and corporate repute.
Nike audited factories through an independent firm.
Nike responded to save and redeem its name by:
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9. Case study of the Integrated Moral Philosophy in
Decision Making
Rectifying problematic policies
Changing priorities
Ascertaining workers had a safe working environment
and competitive wage
Improving Corporate Social Responsibility
Taking part in environmental sustainability
Establishing auditing tools
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