Ethics and Business

Introduction

Basic Principle
A discussion of business ethics must begin by providing a framework of basic principles for understanding what is meant by the terms Good and Right

Ethics and Business

What is business ethics? What is corporate social responsibility? Is ethical relativism right? How does moral Development Happen? What role are the impediments to moral behaviour? When is a person morally responsible for doing wrong?

Meaning of Ethics
The Principles of conduct governing an individual or

a group.
1.

1. example : Personal ethics rules by which individual lives his/ her personal life

2. 2. Accounting ethics code that guides the

professional conduct of accountants

Ethics is the study of morality

- ethics is a kind of investigation and includes both

the activity of investigating as well as te result of that investigation where as MORALITY is the subject matter that ethics investigates

Morality
The standards that an individual

or a group has about what is right and what is wrong or good and evil.

Moral Standards
The norms about the kinds of actions believed to be

morally right and wrong as well as the values placed on what we believe to be morally good and morally bad.

moral norms expression:

Its wrong to kill innocent people

Always tell the truth

actions are right to the extent that they produce happiness

 Moral values expression:

Honesty is good Injustice is bad

non moral standard

( conventional standard

The standard by which we judge what is good or bad

and right or wrong in non moral way.

- standard of etiquette , by which we judge peoples

manner are good or bad.

- rules or behaviour set by our parents , teachers ,

other authorities. - Laws , we determine what is right and wrong.

Moral
Do not harm other people Do not lie to other people Do not steal what belongs to

non moral
Do not eat with your mouth

open .
Do not chew gum in class. Do not use your ipod during

other people

class.
Do not smoke in class

Moral norms and non moral norms

From the age of 3 we can distinguish moral norms

from non moral norms

From the age of 3 , we tend to think that moral norms

are more serious than non moral norms

The ability to distinguish from non moral norms is

innate and universal.

6 characteristics of moral standards

Involve serious wrongs or significant benefits should be preferred to other values including self

interest Not established by authority figures felt to be universal. Based on impartial consideration Associated with special emotions and vocabulary.

1. seriously wrong/ significantly benefit

human beings

2. Preferred to other values including self interest

3. Not established by authority figure

Felt to be universal

Based on impartial consideration

Associated with special emotions

what is ethics?
The discipline that examine ones standard of a

society to evaluate their reasonableness and their implications for ones life.
The study of moral standards the process of

examining you or society hold in order to determine whether this standards are reasonable or unreasonable for you to hold. Standards that you have decided are justified for you to accept and to apply to the choices that fill our lives.

NORMATIVE study of morality

NORMATIVE STUDY an investigation that attempts

to reach a conclusion about what things are good or bad what right or wrong.
it aims to discover what OUGHT to be.

Business Ethics
A specialized study of moral rights and wrong that

concentrates on moral standard as they apply to business institutions , organizations and behaviour.