Historic Perspective From Industrial Revolution
Transcript of Historic Perspective From Industrial Revolution
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UNIT THREE
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Ethical Frameworks
Two general categories of reasoning used to solve
ethical dilemmas -- deontology and utilitarianism
Arguments and decisions can be made by using either
or a combination of both
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Deontology Value-based
Using personal or individual beliefs of right and wrong to
solve an ethical dilemma
Follows the logic that people ought to do what they believe
is right, and refrain from doing what they believe is wrong
Does not take consequences or long-term outcomes into
account
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Islamic Model of Business Ethics
Islam &
Busines
s Ethics
GoodConduct
Truthfulness
Honesty
Trustwor thiness
Humbleness &
Humility
Integrity
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Utilitarianism Outcome-based
Using the potential outcome of an action to solve and
ethical dilemma
Follows the logic that people ought to base their
decisions on the action that will result in the greatestgood for the greatest number
Does not take personal beliefs or values into account
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Levels of Business Ethics
Individual
Organizational
ssociation
Societal
International
International
Societal
ssociation
Organizational
Individual
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Business
Employee-Employer Relations
Employer-Employee Relations
Company-Customer Relations
Company-Shareholder Relations
Company-Community/Public Interest
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Business Ethics: What Does It
Really Mean?Two Key Branches of Ethics
Descriptive ethics involves describing, characterizing
and studying morality
“What is”
Normative ethics involves supplying and justifying
moral systems
“What should be”
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Sources of Ethical Norms
Societal Beliefs
Family
Friends
The Law
Regions of
Country
Profession
Employer
Society at Large
Fellow
Workers
Religious
Beliefs
The Individual
Conscience
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Four Important Ethical Questions What is?
What ought to be?
How to we get from what is to what ought to be?
What is our motivation for acting ethically?
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Business Ethics Myths
1. Business ethics is more a matter of religion than management
2. Our employees are ethical so we don’t need attention to business
ethics3. Business ethics is a discipline best led by philosophers, academics
and theologians
4. Business ethics is superfluous — it only asserts the obvious: “dogood!
5. Business ethics is a matter of the good guys preaching to the bad
guys
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Business Ethics Myths (Contd’) 6. Business ethics in the new policeperson on the block
7. Ethics can’t be managed
8. Business ethics and social responsibility are the samething
9. Our organization is not in trouble with the law, so we’re
ethical10. Managing ethics in the workplace has little practical
relevance
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Conclusion
“There are always those who think they know what is
your responsibility, better than you do”
-- Ralph Waldo Emerson