The ethical action is one taken from duty, that is, it is done precisely because it is our obligation to perform the action. Corruption appears to exist everywhere, so it would seem to require a persistent and consistent answer everywhere. It is at the centre of our lives which act as a standard of behaviour. The Rights Approach The Rights approach to ethics is another non-consequentialist approach which derives much of its current force from Kantian duty-based ethics, although it also has a history that dates back at least to the Stoics of Ancient Greece and Rome, and has another influential current which flows from work of the British empiricist philosopher John Locke (1632-1704). While it is helpful to approach the field of ethics in this order, we might keep in mind that this somewhat top down approach does not exhaust the study of ethics. They contain a judgmental element in that they carry an individual's ideas as to what is right, good, or desireable. Act Many ethical situations are uncomfortable because we can never have all of the information. The following are important terms used in making moral judgments about particular actions. Why or why not? FRAMEWORKS FOR ETHICAL DECISION-MAKING: Making good ethical decisions requires a trained sensitivity to ethical issues and a practiced method for exploring the ethical aspects of a decision and weighing the considerations that should impact our choice of a course of action. Deontological theories set forth formal or relational criteria such as equality or impartiality; teleological theories, by contrast, provide material or substantive criteria, as, for example, happiness or pleasure (see utilitarianism). The children would suffer and die if parents did not care for them. CH 3 BUS 272 - LO-1: Values -values: basic convictions that Ethical conduct is defined by doing ones duties and doing the right thing, and the goal is performing the correct action. meta-ethics, which deals with the nature of the right or the good, as well as the nature and justification of ethical claims; 2.) normative The more novel and difficult the ethical choice we face, the more we need to rely on discussion and dialogue with others about the dilemma. Ultimately, normative ethics emphasizes values like fairness and respect which are necessary for developing beneficial interpersonal relationships in various settings like home, school, work or any other social setting. Although ethical practice has been directly influenced by religion, as noted, ethics is not religion and religious belief is not a prerequisite for a commitment to business ethics. In acting according to a law that we have discovered to be rational according to our own universal reason, we are acting autonomously (in a self-regulating fashion), and thus are bound by duty, a duty we have given ourselves as rational creatures. It is typically contrasted with theoretical ethics, or metaethics, which is concerned with the nature rather than the content of ethical theories and moral judgments, and applied ethics, or the application of normative ethics to practical problems. The Law Code of Hammurabi in Ancient Mesopotamia (c. 1750 BCE) held that all free men should be treated alike, just as all slaves should be treated alike. It includes the formulation of moral rules that have direct implications for what human actions, institutions, and ways of life should be like. Culture, Values, and Beliefs The Rights approach to ethics is another non-consequentialist approach which derives much of its current force from Kantian duty-based ethics, although it also has a history that dates back at least to the Stoics of Ancient Greece and Rome, and has another influential current which flows from work of the British empiricist philosopher John Locke (1632-1704). For example, some Utilitarians might argue that the death penalty is ethical because it deters crime and thus produces the greatest amount of good with the least harm. This is one reason why we can sometimes say that we have a moral intuition about a certain situation, even when we have not consciously thought through the issue. We recommend using a The Medieval Christian philosopher William of Ockham (1285-1349) was one of the most influential thinkers in this tradition, and his writings served as a guide for Protestant Reformers like Martin Luther (1483-1546) and Jean Calvin (1509-1564). That is, a person would not be wrong in committing suicide, nor would they be wrong in not committing suicide. Specify specific conduct; they do not allow for individual professional judgment. What are my obligations in this situation, and what are the things I should never do? Consider the Parties InvolvedAnother important aspect to reflect upon are the various individuals and groups who may be affected by your decision. They write new content and verify and edit content received from contributors. Primary contributors include Sheila Bonde and Paul Firenze, with critical input from James Green, Margot Grinberg, Josephine Korijn, Emily Levoy, Alysha Naik, Laura Ucik and Liza Weisberg. I was taught to respect not just my parents and grandparents, but respect all of my elders. In fact, John Mackey, the founder of Whole Foods, has said that love has been the basis of his success in business, which translates into care and concern for customers beyond profit and for workers beyond productivity (Figure 5.8).39, Recall the statement by IBM quoted earlier in the chapter: [IBM] remain[s] dedicated to leading the world into a more prosperous and progressive future; to creating a world that is fairer, more diverse, more tolerant, more just.40. Webtraditional values express a normative model of conduct traditional values express a normative model of conduct advantages of cyaniding process > kobalt vs husky What, then, is missing from humanistic business? Another way to think about the relationship between ethics and morality is to see ethics as providing a rational basis for morality, that is, ethics provides good reasons for why something is moral. Values are deeply embedded and critical for transmitting and teaching a cultures beliefs. traditional Traditional family values require respect for others, especially for ones elders who are the living repositories of such values. As its name suggests, this approach sees what is right as the same as what God commands, and ethical standards are the creation of Gods will. What kind of person should I be (or try to be), and what will my actions show about my character? (credit: Love Is All You Need Signage by Jacqueline Smith/Pexels, CC0), article Panama Papers FAQ: All You Need to Know About The 2016 Investigation on the Panama Papers and how journalists might hold the corporate world to account in cases of fraud and corruption, article on the LIBOR scandal and the consequences, https://openstax.org/books/business-ethics/pages/1-introduction, https://openstax.org/books/business-ethics/pages/5-4-are-the-values-central-to-business-ethics-universal, Creative Commons Attribution 4.0 International License, Explain the difference between relative and absolute ethical values, Discuss the degree to which compliance is linked with organizational responsibility and personal values, Identify the criteria for a system of normative business ethics.

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