This document discusses ethics and ethical principles in business. It provides definitions of ethics as concerned with distinguishing between right and wrong. Ethical principles in business refer to the moral standards and values that guide employee and company behavior. Twelve common ethical principles are listed, including honesty, integrity, fairness, and concern for others. The document also discusses classical philosophies of ethics from Confucius, Socrates, Plato, and Aristotle.
This document discusses ethics and ethical principles in business. It provides definitions of ethics as concerned with distinguishing between right and wrong. Ethical principles in business refer to the moral standards and values that guide employee and company behavior. Twelve common ethical principles are listed, including honesty, integrity, fairness, and concern for others. The document also discusses classical philosophies of ethics from Confucius, Socrates, Plato, and Aristotle.
This document discusses ethics and ethical principles in business. It provides definitions of ethics as concerned with distinguishing between right and wrong. Ethical principles in business refer to the moral standards and values that guide employee and company behavior. Twelve common ethical principles are listed, including honesty, integrity, fairness, and concern for others. The document also discusses classical philosophies of ethics from Confucius, Socrates, Plato, and Aristotle.
Belle Deus Kazel Castro John Olleca Micko Ballan What is Ethics? • The word ‘ethics’ was derived from Greek word 'ethos’ which means character. • Ethics is the branch of philosophy concerned with the meaning of all aspects of human behavior that distinguish between good and bad; right and wrong. What are ethical principles in business? • Ethical principles in business refer to the moral standards set by a company as a whole and individual employees within an organization which all member must follow. These principles take into account values, standards, regulations and industry norms that dictate how people conduct themselves in the workplace and how a business operates in the community. Here are the list of the 12 Common Ethical Principles of Business • Honesty •Respect for others • Integrity •Law abiding • Trustworthiness •Commitment to Excellence • Loyalty. •Leadership • Fairness •Reputation and Morale • Concern for others •Accountability ETHICS OF PRINCIPLES AND RIGHTS •Considering the greatest good in decision-making is definitely an ethical way of arriving at a decision,but it is also important to consider principles and not just consequences. •Ethics of principles and right upholds that the ends do not always justify the means. This explore the relationship between legislative and judicial branches of the government - legislative role creates policies and regulations based on utilitarian principles,while judicial role enforces these laws to achieve justice and fairness. •The second framework in this ethical philosophy is that some decisions are needed to be made based on principles rather than consequences. VIRTUE ETHICS Virtue -is an excellent traits of character.It is a disposition,well entrenched in its possessor. Virtue Ethics -is a philosophy developed by Aristotle and other ancient Greeks.It grounded on character-based approach to morality assumes that we acquire virtue through practice. A person develops an honorable and moral character by practicing being honest,brave,just,generous,etc. CLASSICAL PHILOSOPHIES Even though the great Greek philosophers lived in much different times,they occupied the thoughts of many significant thinkers. •CONFUCIUS (551 BCE-479 BCE) -also known as Master Kong Qui,born in Shandong Province,China. -he was also very known for his golden rule which is "Do not do unto others what you don't want others do unto you” -his Classical Philosophy is "LIVE A CONTENDED, MORAL AND HAPPY LIFE" CLASSICAL PHILOSOPHIES SOCRATES (c. 469-399 B.C) -a son of a sculptor and a midwife,he was the first person to give a practical and political focus to philosophy and ethics. -he believes that people should inquire and ask questions -his Classical Philosophy is "HAVE THE COURAGE TO DISAGREE“ CLASSICAL PHILOSOPHIES •PLATO (c. 428-348 BC) -he belong to an Aristocrat family,his father Ariston was a descendant of King Codrus and his mother was Perictione who had been descended from the well known law giver Solo. -his Classical Philosophy is "THE POWER TO RULE" CLASSICAL PHILOSOPHIES •ARISTOTLE (c. 384-322 BC) -was a student of Plato who was himself a student of Socrates,one of the founders of Western Philosophy. After he spent about 20 years at Plato's Academy as a student and a teacher,then he tutored the young Alexander of Macedonia (Alexander the Great). CLASSICAL PHILOSOPHIES -Aristotle's principle work on ethics, ‘Nicomachean Ethics’.Ethics where he laid out the essence of virtue theory.He stated that 'if we truly desire prople to be ethical,then we must have them practice ethics from an early age’. -his Classical Philosophy is "LET PEOPLE SEEK FULFILLMENT”