PHIL 2600 Chapter Notes - Chapter 1: Deterritorialization, Business Ethics
8 Apr 2014
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Document Summary
Business ethics: the study of business situations, activities, and decisions where issues of right and wrong are addressed. Morality: concerned with the norms, values, and beliefs embedded in social processes which define right and wrong for an individual or a community. Ethics: concerned with the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for any given situation. The relationship between morality, ethics and ethical theory. Morality ethics rationalizes morality ethics to produce ethical theory ethical theory that can be applied to any situation potential solutions to ethical problems. Increasing demands from stake holders: power and influence of business in society, potential to provide major contribution to society, potential to inflict harm. 4: lack of business ethics education or training, continued occurrence of ethical infractions, evaluating different ways of managing business ethics.
