Ethical Theories The three basic ethical theories share a number of similarities, because they each attempt to describe and explicate the ethical decisions made by humans as well as the logic (or illogic) that is used to inform any particular behavior. Utilitarianism offers what is perhaps the most sound ethical theory due to the way it chooses for itself the goal of its efforts, but it is hampered by disagreement regarding

Utilitarianism is most often used by healthcare organizations like insurance companies: to keep costs down for the many, a potentially valuable treatment may be denied to the individual because it is deemed experimental or unnecessarily costly. As unpalatable as the idea may be, no patient can be tested for every single conceivable illness he or she might contract. There must be some prioritization of high-risk groups. During his or

Moral Good and Moral Value Determining moral "good" is a fundamental philosophical study. Only the lazy philosopher would revert to codes of ethics. Ethical standards come from somewhere, and generally those standards can be grouped into three main categories of analysis: consequentialism, deontological ethics, and virtue or character ethics. While these three modes of thinking about the moral good can sometimes interact with one another to create more complex moral analyses,

Understanding Moral Intelligence Introduction Moral intelligence is a crucial aspect of our cognitive abilities that guides us in making ethical decisions and understanding right from wrong. It is the capacity to understand the ethical principles that govern human behavior and to apply them in daily life. This unique form of intelligence goes beyond traditional measures of intelligence, such as IQ, and focuses on the development of a person's character and values. Unlike other

Ethical Systems: Relativistic Before discussing any ethical system it is important to understand what the terms ethics and ethical systems mean. Trevino & Nelson, (2007) define ethics as "the principles, norms, and standards of conduct governing an individual or organization," and the right action, or moral behavior in a particular situation is determined based on ethics, whereas, ethical system refers to the underlying ethical principles used by an individual in making

Ethical Problems in Business PRINCIPLE: Ethics may be termed as the inner guiding moral principles, values and beliefs people use to indicate and identify what is acceptable and appropriate behavior whilst straying away from the opposite (Jones, 2007). However each individual may perceive different behaviors as acceptable and appropriate depending on the individual's own self-interests, attitudes, beliefs and values. To dig further into the aspects of business ethics, it is primarily a notion for