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PHIL 2600 (10)
Chapter 1

Lecture 1- Chapter 1 .pdf

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Department
Philosophy
Course
PHIL 2600
Professor
Aaron Massecar
Semester
Fall

Description
September 10 Business Ethics Chapter 1 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 Why is Business Ethics Important? 1. Power and influence of business in society 2. Potential to provide major contribution to society 3. Potential to inflict harm 4. Increasing demands from stake holders 5. Lack of business ethics education or training
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