Business Ethics

  • Created by: Sosun11
  • Created on: 02-06-17 11:22
View mindmap
  • Business Ethics
    • Tonduer
      • We should live more ethical lives as consumers
    • Utilitarianism
      • Preferance
        • Everyone's preference's are equally valued and must be taken into account when a business makes a decision
        • How does a utilitarian decide what is more import the long term protection of the environment
          • Or the maintaining jobs for the people
      • Act
        • The hedonic calculus aims for the greatest good for the greatest number
        • Protect the rights if stakeholders as their happiness is as equally important as one anothers
      • Rule
        • Harm principle - businesses can do as they want as long as no one is harmed
        • Better to be a human dissatisfied than a pig satisfied
        • Follow the general rules within a society
    • Solomon
      • Businesses that aim for virtuous behaviour will be more succesfull
    • Shareholders
      • Someone who owns shares in a company
    • Ted Synder
      • Profit is more important than principle
    • Globalisation
      • The growth of the worldwide economy and trade
      • Supposedly beneficial to LEDC and MEDC
      • Leads to exploitation - UN trying to make globalisation just and fair
    • Micro Ethics
      • The small issues that contribute to ethical standards
      • Intentions, obligations and promises
    • Stakeholders
      • Someone who has a vested interest in a company whether they be staff or a customer
    • Marx
      • 'The only power employees have is to withdraw labour'
      • The employer controls the market so can find anyone to replace the labour
        • bourgeoisie
      • The only bargaining chip the labour has is their skill
        • proletariat
    • Rawls
      • Social justice contract between employers and employees
    • Kantian
      • Don't use others as a means to an end .e.g. For profit
      • Businesses need universal laws in order to function ethically
      • Whistle blowers?
      • If all stakeholders are intrinsically valued when business practice be more ethical
    • Virtue Ethics
      • Aristotle suggested that businesses cannot be separated from society
      • Would the motivation for an action or decision lead to Eudaimonia
      • A good business is run by a previous business setting a good example
      • Golden mean avoid vices of excess and deficiency
    • Friedman
      • Profit is more important than ethics
    • Adam Smith
      • Free market competiton
    • Religious approach
      • The love of money is the root of all evil - Timothy (Bible)
      • The parable of the lost son - Money doesn't = happiness
      • The golden rule - treat others how you wish to be treated
      • Modern protestant Weber - Reward in money is a result of self salvation

Comments

No comments have yet been made

Similar Ethics resources:

See all Ethics resources »See all Business Ethics resources »