Complexity Theory And Complexity Theory

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Complexity Thinking
Complexity theory is, as the name implies, a way of understanding complex systems; it is difficult to understand. Complexity theory has evolved from studies in physics, mathematics, computer sciences, and biology, and is related to (and includes aspects of) chaos theory. A descriptive way in which we can conceptualise complexity theory is provided by Kevin Kelly, author of New Rules for the New Economy, who says complexity is, “to think like nature.” Another description he uses is, “You can’t make a plant grow.” (You can, however, provide the necessary ingredients for optimal growth, but, even then, it may not thrive, for who knows what the weather, or other random events, will be?).

Complex systems are non-linear – they
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Normative ethics is also distinct from descriptive ethics, because descriptive ethics is an empirical investigation of people’s moral beliefs, while normative ethics is concerned with whether it is correct to hold particular beliefs. As an example: descriptive ethics is concerned with determining what proportion of people believe that killing is always wrong, while normative ethics is concerned with whether it is correct to believe that killing is always wrong. Hence, normative ethics is sometimes said to be prescriptive, rather than…show more content…
One of the subsets of ethics is business ethics.

Business ethics can be described as a system of moral principles applied in commerce and the NGO sector. Combining law, politics, philosophy and corporate governance, business ethics provides guidelines for acceptable behaviour by organisations in both their strategy formulation and day-to-day operations. An ethical approach is becoming necessary both for corporate success and a positive corporate image. Good business ethics (American Psychological Association, 2001) should be a part of every business (Preuss, 1997).

Business ethics is further described as a form of applied ethics (Broni, 2010) that examines ethical principles and moral or ethical problems that arise in a business environment (Solomon, 1991). It applies to all aspects of business conduct (Baumhart, 1968; Ferell - Fraedrich, 1997; Singer, 1991) and is relevant to the conduct of individuals and business organisations as a whole (Bernard, 1972; Donaldson, 1982:36). Business ethics consists of a set of moral principles and values (Jones - Parker - Bos, 2005:17) that govern the behavior of the organisation with respect to what is right and what is wrong (Seglin, 2003). It spells out the basic philosophy and priorities of an organisation in concrete terms (French, 1995). It provides a framework on which the organisation could be legally
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