Ethical and Moral Philosophies in Businesses
Ethical Moral Philosophies
Moral Philosophies Application to Business
According to Trevino and Nelson (2007), Philosophy describes a universal scheme of measures that people live by. From this definition, it follows that the moral philosophy defines specific rules or principles that people use to determine right and wrong. In essence, moral philosophy guides an individual's values and principles about moral and immoral issues (Trevino & Nelson, 2007). In business, moral philosophy will guide an individual in the evaluation of morally upright choices relating to their values and principles. Stansbury (2009) argue that moral philosophies are the ideal perspectives on matters that serve individuals with principles in an abstract form to facilitate their very social existence. The two moral philosophies considered in this paper are "Teleogy" and "Relativism."
"Teleogy" is derived from the Greek word for purpose or end. In this philosophy, it is considered that the outcome being the desired result makes an act is morally right (Trevino & Nelson, 2007). In this case if an action leads to attainment of a result that is gratifying then they are moral. Individuals guided by "Teleogy" philosophy consider results comprising of knowledge acquisition, realization of self-interest, wealth acquisition, utility maximization, career growth or fame.
In business, the "Teleogy" philosophy may be seen among sale persons who wish to meet the set sales target by all means possible. In total disregard to absolute honesty, a sales person may bombard a potential customer with so much information on a product to the extent of interrupting the customer's personal and official space. A customer may find this approach to be nuisance....
In addition, we might ask ourselves if the richer nations have or not a greater responsibility as far as the research and development in the area of sustainable energy are concerned. (Reid, environmentalleader.com) Believing that there are such energy sources or consumption policies which would allow the planet's resources to be maintained for a longer period, while making sure that all the nations are provided with a comfortable living is
Thus high relativistic individuals and low idealistic individuals were likely to view slavery as a necessary evil to accomplish the goals set by society, while high idealistic individuals were perturbed by the harm that slavery caused to the slaves. The concepts of relativism and idealism apply in business setting as well. Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions
This is a most important question today, for it is sometimes said that the pursuit of profit ought not to be the primary and dominant goal of a business firm but rather must be balanced by concern for customers, employees, or society. In order to see what the standards for proper managerial conduct might be, we need to understand what is meant by "free market society." Management Goals Within a free
Corporation Ethical Role Foundations business ethics: What role business society? The study business ethics study legal application moral standards business decisions. In defining business ethics, defining voluntary role business: a business behave law dictate conduct law permits conduct benefit shareholders harmful ? Business Ethics: Case Studies Selected Readings (7th Edition) Required Reading: Jennings, M. The problem investigated concerns a comparison of views in what is referred to as a stakeholder's doctrine in
business people study ethics. What are the possible benefits to companies, individuals, society and the world of business? According to a gallop poll administered by the Better Business Bureau in 2008, consumer trust in business professionals is on the decline. Of the consumer populous polled, only 42% expressed trust in banks and financial institutions, representing a 6% decline in trust since 2007, while only 24% responded positively toward contractors and
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
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