Ethical Theories Of Business Ethics

Deontology is the concept of which moral obligation is from a strict set of principles that are followed no matter what the consequences are when approaching and ethical question ( ). It is an ethnical theory which distinguishes from right and wrong. Deontologists follow the moral rules and laws and do their duty. Deontology avoids being subjective because the actions

It includes the physical laws of nature along with moral rules or moral law that all rational beings should conform their actions to. According to Locke moral law is an “obligation”, meaning that rational beings have the obligation to obey these moral laws, however, they have the ability to not obey them. This is shown when he says “Moral good or evil is only conformity or disagreement of our voluntary actions to some law.” (Essay, 2.28.5)

When we formulate a maxim, we must obligate to follow through it. As we continue on we come across an important principle of morality called categorical imperative. The categorical imperative binds us, paying a little bit more mind to our wants; everybody has an obligation to not lie; therefore, paying a little respect to the conditions and regardless of whether it is to our greatest advantage to do so. It is supposed to provide us as a means of evaluating moral actions and to make moral judgments. Kant believes that a good way to act is to follow the categorical imperative.

Description of values and ethics are not only broadened but also colloquial due to its overlapping meanings such as principles, moral, fundamental values, and principles. According to Taylor (2010), ethics are underlying convictions, life stances or ideals that act as a general guide to behavior, and or a reference point in evaluating beliefs or actions. This is an ethical inventory paper that seeks to discuss the significance of understanding one’s perspective of ethics, the connection between professional and personal ethics in psychology, APA decision making process and how it facilitates ethical professional behavior, analysis of an EAI scores and how they relate to aspirations of enforceable standards. Psychology requires adherent by professionals

Ethical egoism is a consequential moral philosophy which dictates that the individual take care of themselves first by putting their goals and interests first and foremost. The ethical egoist is not concerned with the overall good of others, or the results of their actions, they are only concerned with what is good for themselves. I think this applying this moral theory to the above-mentioned issues makes the most sense. The actions of the ethical egoist always benefit the individual first and may have a positive, negative, or neutral impact on others. For me, this is a logical way of thinking when dealing with life and death situations, like euthanasia or abortion.

The ethical decisions that is made in a social movement, and a ritual are different. A social movement, ethics plays a huge part, when you are thinking about your goals, you are thinking about the correct and ethical ways to complete that goal. A ritual, you are not looking at the ethical ways to complete it, you are just looking at the finished mission, and do whatever it takes to get to

Basically, morality is just a guide on what is wrong and what is right, but ethics are our action towards it. To do good and avoid evil. Ethics is what we must fulfill while living. It is like the two roads given to us which is more like to be morality. We have a freedom to choose between these two roads, but a voice will whisper, our conscience, and will tell and urges us which road to follow that is for the betterment of our welfare.

Rawls in a hybrid contractarian tradition adopted a similar position as he argued that the conception of rationality and reasonableness must have equal status in practical reason. Freeman commented on Rawls’ writing that ‘there are two ideal perspectives in Rawls conception of justice: the original position and the deliberative

Virtue ethics started drawing attention since the modern ethics exposed its limitation and reconsideration about the priority was needed. Contemporary ethics focus on “What we should do”, instead of “What kind of person we should do”. In consequence, the moral codes in modern era solely emphasizes moral duty and rules, while neglecting personality and character of individuals. Virtue ethics support the traditional criterion that consider moral virtue and personality of individuals as important. The virtue of good engineer includes creativity, good understanding of culture, morality, and capability of communication.

Jansen Kraemer tells about the declination of values in the modern business life and the necessity of regaining trust and confidence in good treatment and loyalty. I have chosen the concept of values as I agree with Jansen Kraemer and believe that existence of certain values and embodiment of them in ordinary and business life should be a prominent element of each relationship. Nowadays most people forget about other people being concentrated on their own lives and matters, they put their own interests higher than the interests of others and at that time they can be cruel, unfair and unethical in the behavior and relationship to people around. The generation of the XXI century has become selfish and hypocritical. The ethics was forgotten which led to the crisis in the sphere of human