Richard T.


Copyright © 2011 Pearson Education. All Rights Reserved.

. All Rights Reserved.Ethics and Business Copyright © 2011 Pearson Education.

. Because business activity is human activity. Business is not something separate from society or imposed on it—it is an integral part of society. All Rights Reserved. Copyright © 2011 Pearson Education. Morality consists of rules of human behavior and specifies that certain actions are wrong or immoral and that others are right or moral.Chapter Overview     Business is an important part of contemporary society and it involves all of us. just as any other human activity can be so evaluated. it can be evaluated from the moral point of view. in one way or another.

.What Is Business Ethics?  The term business ethics is used in several different senses  (1) ethics in business  (2) business ethics as a movement  (3) and business ethics as part of the general field of ethics. All Rights Reserved. Copyright © 2011 Pearson Education.

.What Is the Aim of Business Ethics?  It is neither defense of the status quo nor its radical change. it should serve to remedy those aspects or structures that need to change. Copyright © 2011 Pearson Education. and it should protect those that are moral. All Rights Reserved. Rather.

because business is business. All Rights Reserved. . Copyright © 2011 Pearson Education. Ethical language is simply not the language of business  Many businesses act unethically not because of a desire to do evil.The Myth of Amoral Business  Expresses the ambivalence of many toward business and a popular. but simply because they want to make a profit and therefore disregard some of the consequences of their actions. The myth has several variations:  Business is amoral insofar as ethical considerations are inappropriate to business. widespread view of American Business.

The Breakdown of the Myth of Amoral Business 1. 3. and the burgeoning of corporate codes of ethical conduct and of ethics programs. magazine and newspaper articles. By the reporting of scandals and the concomitant public reaction to these reports. All Rights Reserved. as expressed in conferences. Copyright © 2011 Pearson Education. 2. By the formation of popular groups such as the environmentalists and the consumerists. By the concern of business in ethics. .

The Relation Of Business And Morality The business of business  The moral background of business  The changing mandate for business  Copyright © 2011 Pearson Education. . All Rights Reserved.

 Defining business per se and its proper concern is a social question that must be answered in a social context. All Rights Reserved.  The limits and demands imposed on business by society are frequently moral ones.The Business of Business What is considered to be business and its business varies from society to society. .  Copyright © 2011 Pearson Education.

we do not really live in a “dog-eat-dog” business world. The retreat to law as the sole norm by which to guide business is in part a reflection of the fact that most managers do not know how to handle many moral issues in business. The limits set by society on business are often moral. Copyright © 2011 Pearson Education. All Rights Reserved. It is because the ordinary person does not need to be told that lying and stealing are wrong that they form part of the background of business.The Moral Background of Business     Morality consists of rules of human behavior and specifies that certain actions are wrong or immoral and that others are right or moral. but they are also frequently written into law. . Because most businesses value their reputations.

All Rights Reserved.  Today the mandate to business is more complex.  Business must consider what structures promote moral responsibility and facilitate the weighing of moral and other values.  Copyright © 2011 Pearson Education. and the common good. .The Changing Mandate for Business The social mandate to business is not only given in law.  Corporations are asked to consider the impact of their decisions and actions on the environment. the public.

. All Rights Reserved.BUSINESS ETHICS AND ETHICS  The term business ethics is used in three different senses:  ethics in business  business ethics as a movement  business ethics as part of the general field of ethics. Copyright © 2011 Pearson Education.

in such a way as to determine the rules that ought to govern human conduct. fostered.  Copyright © 2011 Pearson Education.  Ethics is a systematic attempt to make sense of our individual and social moral experience. All Rights Reserved. . the values worth pursuing. the rules that govern those activities. and the character traits deserving development in life. or pursued by those activities and practices. and the values that are embedded.Ethics Studies Morality Morality is a term used to cover those practices and activities that are considered importantly right and wrong.

and. both normative and descriptive ethics involve some metaethical activity  Copyright © 2011 Pearson Education. sociology. All Rights Reserved. and psychology  Normative ethics builds on the whole that descriptive ethics provides and attempts to supply and justify a coherent moral system based on it  Metaethics is the study of normative ethics. to some extent.General Ethics Descriptive ethics is closely related to anthropology. .

 Copyright © 2011 Pearson Education. . etc. All Rights Reserved. medical ethics.Special Ethics Causitry is the art of solving difficult moral problems.  Applying general ethics to specialized fields yields business ethics. engineering ethics. cases. professional ethics. or dilemmas through careful application of moral principles.

All Rights Reserved. between individuals and profit-making organizations. . and between profit-making organizations and other such organizations.  Business ethics as a field is defined by the interaction of ethics and business  Copyright © 2011 Pearson Education.Definition of Business and Business Ethics “Business” includes any and all economic transactions between individuals.

The analysis of the presuppositions of business—both moral presuppositions and presuppositions from a moral point of view. corporations. Copyright © 2011 Pearson Education. and other collective entities. All Rights Reserved.Business Ethics Involves 5 Activities The application of general ethics principles to particular cases or practices in business. The second is metaethical: whether moral terms that are generally used to describe individuals and the actions they perform can also be applied to organizations. businesses. . 3. 1. 2.

The fifth activity in which business ethics is typically involved is describing morally praiseworthy and exemplary actions. Fourth. 5. those in business ethics are sometimes led by embedded problems to go beyond the field of ethics into other areas of philosophy and into other domains of knowledge. All Rights Reserved. of either individuals in business or particular firms. Copyright © 2011 Pearson Education. such as economics and organization theory.Business Ethics Involves 5 Activities. . continued 4.

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