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Principles or standards of conduct—focused on the action. Character of the person or company—focused on the agent. Consequences of a particular action—focused on the outcome. Care extended within relationships—focused on relationships. Each of these strands of theory provides moral insight.
28 sty 2003 · PDF | This chapter discusses three competing approaches to ethical analysis: consequentialism, deontology, and virtue ethics. It describes the Integrity... | Find, read and cite all the research...
The chapter provides a brief outline of the meaning of the concepts in business ethics illustrated by some examples of the uses of the concepts in different fields of business ethics as the foundation of business legitimacy. Keywords Ethical Principles · Institutional responsibility · Organizational integrity ·
the moral unit became the legal unit. It was conceived that moral principle was to be also a legal rule and consequent progression of moral ideas into legal ideas. It clearly shows that how once a moral principle became an equitable principle and then a rule of law in all legal systems of the world.
PRINCIPLES OF BUSINESS ETHICS. Ethics form the foundation for international economic activities. Ethical guidelines are essential in making business decisions. Business professionals have responsibilities to make decisions based upon ethical principles.
A principle of business ethics is a guideline or rule which, if applied when you are faced with an ethical dilemma, will assist you in making an ethical decision. Examples of principles which have been articulated and discussed by business philosophers and ethicists include the utilitarian principle, the justice principle and the rights principle.
Two of these approaches describe and analyze morality, presumably without taking moral positions. The other approach takes a moral position and appeals to morality or ethical theory to underwrite judgments. These three approaches are (1) descriptive, (2) conceptual, and (3) normative (prescriptive).
