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Intro to Ethics

In: Business and Management

Submitted By thalaivijo
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An Introduction to Ethics * Ancient Greek translation of Ethics is it is a “Theory of living”. * Ethical deliberation is a process of consciously reasoning out what is right and what is wrong. Individual is accountable for their own actions * It’s a process of moral judgment * Ethics is cultural, community, nation, fundamentally human consideration * Problem arises when there is disagreement in facts of the case, values and principles, in framing( reasoning )the case in question * Levels of Ethical inquiry – Individual actions add up to a another level/higher. Conflicts between levels. * Society – Larger economic good, the way the society needs to be structured * Corporation and their policies –Suppliers, consumers, employees, local community, stakeholders of a specific company. Obligation owed to each specific group. * Stakeholders – relationship concentration to specific stakeholders * Personal – how people treat each other in their roles in an organization * Design Ethical framework – set of questions a manager can use to decide under a given situation. Framework should include question concerning the Character, consequences and principles * Decision making process – Why the decision makes a difference * Accountable to stakeholders – Ability to defend the decisions to various stakeholders the firm is committed to * Ethics is everybody’s business - Resolving conflicting demands and obligations * Personal integrity – must matter to the individuals – principles, values, commitment * Legal compliance alone is often inadequate * Connection between business and ethics * Separation fallacy - Two distinct principles – Business is analytical, Ethics is soft and subjective * Integration thesis -Fundamentally connected. Ethics is part of every decision and is fundamental

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