Chapter 1 - BUSINESS ETHICS NOTES
What does doing ethics mean?
Deliberating about the rightness or wrongness of actions
Examining the soundness of your (and other people’s) moral outlook
Questioning whether your moral decision making rests on coherent supporting
considerations
The questions of Ethics?
What is the greatest good?
What goals should I pursue?
What virtues should I cultivate?
What duties should I fulfill?
What value should I put on human life?
How important is it to pursue happiness, do justice, and respect rigt
Loss of personal freedom
You lose personal freedom when you don’t exercise your
autonomy
Confused or mistaken views
You may be susceptible to ideas that appear clever but are actually the result of faulty
reasoning
Stunted intellectual and moral growth
If you don’t exercise the skills of critical thinking, they will be weak
Elements of Ethics
Reason: Ethics involves, even requires, critical reasoning.
Absolutism: the view that there is a universally correct moral position
In contrast,
Relativism: the view that moral values are relative to particular environments; moral
behaviors are dependent on the particular culture, society, or environment in which they
take place (“When in Rome, do as the Romans do")
Moral Pluralism
the view that there is no single moral theory or principle that should be accepted as preferable to
others; different, diverse, and even mutually inconsistent ethical positions should be recognized
and considered reasonable
From moral Pluralism to Ethical Defeat
Mistaken inference 1
From the fact of cultural difference, it follows that there are no universal ethics
However, there are some ethics that appear to have universal appeal.
Eg. Torture is wrong.
Mistaken inference 2
From the fact that there are exceptions to rules in practice, it follows that there are no
universal ethical rules
However, exceptions do not negate rules
Descriptive and Prescriptive Ethics
Prescriptive: theories that allow for the judgment of an act as right or wrong;
recommending and forbidding certain types of conduct
Descriptive: the non-judgmental empirical study of ethics in particular groups or
societies
o These theories are easily confused when it is believed that how things are done is
the way they should be done