Business Ethics
Ethical Egoist- Egoism can be either descriptive or normative. Descriptive egoism holds that for each individual, there is only one ultimate aim -- survival and the betterment of the sole individual based on their own hierarchical principles. Normative egoism has the individual making claims about what should be done to do the "right" thing, rather than what one does. As well, ethical egoism insists that for an action to be morally right that it must maximize one's own self-interest; rational egoism says that the action is rational if it does the same. This is in contrast to altruism, which says morally we have the obligation to help and serve others; egoism elevates the self (the individual) above others in finding morality (Singer, 1990).
Essentially, the argument follows that each of us is most familiar with our own wants and needs. We do not know the wants and needs of others in the same way, nor are we equipped to always follow in others' best interests. It is then more efficient and logical to pursue our own needs and look out for ourselves so that others do not have to. This view also assumes that the individual is more able to provide for their own needs and also has that responsibility. Therefore, because the onus is on the self, society can be free to work for the betterment of larger projects that benefit everyone as opposed to taking care of individuals (Feinberg, 2008, pp. 520-3).
Question 3 -- Runaway Train Scenario- One of the preeminent philosophers of the Enlightenment, Rousseau, contradicted many other philosophers of the time in that he saw the same brutish and ugly conditions in urban life, competition, and greed; but, found that instead of…
However, the issue is more nuanced -- what if, as a humanitarian effort, a pharmaceutical company sold recently expired drugs at very low cost to an impoverished developing nation in the grips of an epidemic? What if a food company donated food that was safe but 'past its expiration date' to a famine-stricken nation? In this case, a utilitarian calculus would support such exchanges. The balance between the benefit of
83). Let us go through these arguments. The first argument does not suggest that a person involved in business should disregard any ethical obligations. One can economically survive in business without violating the norms of morality. Moreover, as Beverluis argues, "we are in a real sense 'doing' business ethics. For what is a 'right'? If one puts forward the claim to have certain moral rights (as opposed to legal rights),
Ethics and Leadership Failures: The Enron Case Gibney's 2005 documentary film Enron: The Smartest Guys in the Room reveals some of the main ethical weaknesses in an unbridled neoliberal capitalist market system. Barely addressing environmental and social justice issues, the filmmakers instead choose to focus on organizational culture, leadership, and ethical decision making within the corporation. The film illustrates the core concepts of business ethics and shows how executives shape company
Ethics and Morality In ethics egoism demands the individual to either be the encouraging moral force or should be the end of moral action. Egoism is of two; positive and normative ethic. The positive ethic is about real human psychology, where people are motivated by their own interests and desires. The normative ethic says that people should be so motivated. The positivist egoist theory called the psychological egoism, provides an explanation of
Others argue against Ethical Egoism. The work of Pecorino states as an argument against Ethical Egoism the facts as follows: Ethical Egoism "provides no moral basis for solving conflicts between people; (2) Ethical Egoism "obligates each person to prevent others from doing the right thing; (3) Has the same logical basis as racism"; (4) "The egoist cannot advise others to be egoists because it works against the first egoists
Since it is well documented that the largest portion of the gas guzzler market does not have any legitimate practical need for gas guzzling vehicles, it is much more likely to be beneficial to society, on the whole, to phase out gas guzzlers. Potential injustice would also be avoided with respect to those individuals who do have a legitimate requirement for vehicles often considered "gas guzzlers." The proposal does not
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