GBA 2013 Chapter Notes - Chapter 1: Meta-Ethics, Business Ethics, Normative Ethics
DepartmentGeneral Business Administration
Course CodeGBA 2013
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What is Business Ethics?
Business ethics: Providing reasons for how things ought to be in the economic world
1. REQUIREMENTS OF BUSINESS ETHICS
a. Arranging values to guide decisions.
Clearly defined and well-justified set
of priorities about what's worth seeking/protecting and what others are
willing to give up/compromise.
b. Understanding the facts
. Clearly define the situation.
c. Constructing arguments
. Shows how one action serves our values better
than others. The test of an ethical argument: others must be able to follow
it and come to the same result.
i. Well-reasoned arguments, by reason of their clarity, invite
counterarguments. Ways to dispute an argument in ethics:
●Facts, Values, Reasoning
1. MORALITY, ETHICS, METAETHICS
a. Morals: Lowest level. Direct rules we ought to follow. Morality only involves
specific guidelines that should be followed
b. Ethics: The production of morals. The production of guidelines that later
may be obeyed or violated.
c. Metaethics: The study of the origin and rules of ethics and morality. The
most abstract and theoretical discussions surrounding right and wrong.
d. Conclusion. Morality is the rules, ethics is the making of rules, and
metaethics concerns the origin of the entire discussion.
2. TYPES OF ETHICS
a. Normative Ethics
- The discussion about what ought to be done
b. Descriptive Ethics
- The study of what people actually do and why
c. Other Forms
- It’s reasonable to make choices based on other factors.
i. The law
ii. Prudence (practicality)
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