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ETHICS AND BUSINESS

• Ethics and the Law
• Ethics as Practical Reasoning

Paulo Miguel V. Amparo
TUP-LOA Graduate Executive Program
Master in Management (MM)

Identify reasons Why the study of ethics is important. Learning Objectives  After our discussion. Explain the difference between ethics and the law and Practical Reason. Explain the nature and the meaning of business ethics. . 3. we will be will be able to : 1. 2.

• Business Ethics class is not aim simply to help you to learn about ethics. . If ethics do not matter. but aim to help you do ethics. Why Study Business Ethics • It must be remembered that the School of Business’ task is to prepare students for the business world. then time spent teaching ethics is better spent elsewhere.

• Moral Standards : rules about the kinds of actions that are morally right or wrong. • Non-Moral Standards: manage individual life. aspirations and desires and may decide a person's place in his group. . What is Ethics? • Ethics: defined as the set of moral principles that distinguish what is right from what is wrong.

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you can say a standard is moral if: 1) It deals with things that can seriously harm or greatly benefit others. shame. 3) It leads to internal notions of guilt. . 2) It is not changed or modified by state or social authorities. How Can We Distinguish Between Moral  and Non­moral Standards? Generally. right and wrong. good and evil.

. Person did so of his or her own free desire. Person did so knowing what he or she was doing. Moral Responsibility • Three Components of Moral Responsibility: 1. 2. Person caused or helped cause the injury. 3. or failed to prevent it when he or she could and should have.

The Relationship Between Ethics and Law • Law is the system of rules of conduct established by the government of a society to maintain stability and justice. .

The Relationship Between Ethics and Law .

• In other situations. In some cases. The Relationship Between Ethics and Law • A relationship exists between law and ethics. what is supposed as unethical is still legal. and in others. what is illegal is perceived as ethical. law and ethics overlap (related) and what is supposed as unethical is also illegal. . In some instances. they do not overlap.

• Legislators and judges bring their own personal opinions on ethics to the lawmaking process. Legal behavior is not necessarily ethical behavior. ethics and law will sometimes conflict. it is imperfect. . • As a result. • As a result. Ethics and Legal Conflicts • Because law is made by people.

The first of these is moral sensitivity 2. 1. Moral Behavior • There are four components of moral behavior. The fourth and final component of moral behavior is moral character . The second is moral judgment 3. The third is moral motivation 4.

Individualism View 3. Moral-Rights View 4. Four Views of Ethical Behavior 1. Utilitarian View 2. Justice View 13 .

or institutions are judged to be in accordance with or in violation of moral standards. . Moral Reasoning • The reasoning process by which human behaviors. • Moral reasoning involves: – The moral standards by which we evaluate things – Information about what is being evaluated – A moral judgment about what is being evaluated.

where the relevant considerations are provided by what the agent desires/values/cares about and what the agent believes.” (Bratman) • Practical reasoning is distinguished from theoretical reasoning – theoretical reasoning is directed towards beliefs 4­15 . Practical Reasoning • Practical reasoning is reasoning directed towards actions — the process of figuring out what to do: – “Practical reasoning is a matter of weighing conflicting considerations for and against competing options.

Practical Reasoning • Human practical reasoning consists of two activities: – Deliberation – means-ends reasoning The outputs of deliberation are intentions 4­16 .

“ Theoretical reason is the pursuit of truth. which is reasoning about what we should believe. as opposed to theoretical reason. which is the highest standard for what we should believe. reasoning about what we should do.“Ethics is a part of practical reason. .

Amparo TUP-LOA Graduate Executive Program Master in Management (MM) .END OF  PRESENTATION! THANK YOU  Paulo Miguel V.