The theory of business ethics essay

normative theories of business ethics ppt

In fact, Wal-Mart is considered to be the biggest company in the U. These companies briefly described below all qualify as ethical companies under Utilitarian Ethics Theories they are all actively involved in programs which produce the greatest good for the greatest number.

One would say that a company should have morals and rules they follow within the business. Property, which later gained meaning as ownership and appeared natural to Locke, Jefferson and to many of the 18th and 19th century intellectuals as land, labor or idea, and property right over slaves had the same theological and essentialized justification [] [] [] [] [] [] It was even held that the property in slaves was a sacred right.

So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible?

business ethics theories and approaches

The legal responsibility has been focused on specific categories of professionals like accountants, auditors and managers as they are supposed to work in an appropriate way to avoid such circumstances. This paper will talk about ethics, and the different ethical theories and how they relate to the Christian worldview Does this through numerous perspectives and methods.

Should there be a ban the sale of surveillance technology to non-democratic countries?

Theories of ethics meaning

This paper will talk about ethics, and the different ethical theories and how they relate to the Christian worldview Consequentialist ethical theory suggests that right and wrong are the consequences of our actions. To compare, then, in general hedonism is about valuing pleasure; depending on what kind we are talking about, it may hold different meanings entirely. In the professional setting, all people should act in a manner that would uphold the good of society. An example of this could be to pay employees a fair wage because you know it is the right thing to do, rather than pay them less, in order to reduce costs and maximise profit. Larger economic issues such as immigration , trade policy , globalization and trade unionism affect workplaces and have an ethical dimension, but are often beyond the purview of individual companies. They have the responsibility to manage or control the business in a way that it will not harm, positively the benefits like people as possible and themselves. It is expected of businesses, small and large, to follow business ethics. These customs are comparable to many other necessary established applications and practices. Abusive behavior consists of inflicting intimidating acts on other employees. The question we address is whether it also creates social benefits commensurate with these social costs. They guide both employees and management while making critical decisions.

In this case the company is venture-backed which means it needs to show investors that there is growth. With reference to the quote above, both theories seem rational and enjoy strong support.

theories of business ethics ppt
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Business Ethics Essay