Podcast
Questions and Answers
What is the origin of the word 'ethics'?
What is the origin of the word 'ethics'?
What is the primary focus of Ethics as a branch of Philosophy?
What is the primary focus of Ethics as a branch of Philosophy?
What is the difference between morality and ethics?
What is the difference between morality and ethics?
What does the concept of ethics involve?
What does the concept of ethics involve?
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What is the ultimate goal of Ethics as a branch of Philosophy?
What is the ultimate goal of Ethics as a branch of Philosophy?
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What is the relationship between ethics and morality?
What is the relationship between ethics and morality?
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What is the main reason behind the increased demand for improved business ethics and corporate responsibility?
What is the main reason behind the increased demand for improved business ethics and corporate responsibility?
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What is the primary focus of the field of business ethics?
What is the primary focus of the field of business ethics?
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What is the role of investors, employees, customers, and other groups in business ethics?
What is the role of investors, employees, customers, and other groups in business ethics?
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What is the relationship between principles and rules in business ethics?
What is the relationship between principles and rules in business ethics?
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What is the primary goal of business ethics?
What is the primary goal of business ethics?
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What is an example of a principle in business ethics?
What is an example of a principle in business ethics?
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Study Notes
Reflections on Moral Values
- Moral values are often tested in everyday life, and the actions we take in these situations define our character.
- Contemporary issues in politics, business, and religion that raise ethical concerns include corruption, bribery, and fraud.
The Concept of Ethics
- The word "ethics" comes from the Greek word "ethos," meaning character, custom, or a set of moral behaviors.
- Morality is derived from the Latin word "mores" or "moralis," meaning the same as ethics.
- Ethics is the study of social rules that govern conduct, concerning what is morally right and wrong.
Morality and Ethics
- Ethics is a branch of philosophy that deals with principles of right and wrong.
- Morality is the rules for guiding conduct and the principles for evaluating conduct.
- Ethics is the concept of morals, enabling individuals to choose between right and wrong.
Business Ethics
- Business ethics deals with questions about whether specific business practices are acceptable or not.
- Most companies have a code of ethics for employees to conduct themselves in a particular manner while doing business.
- Recent scandals have led to a demand for improved business ethics and greater corporate responsibility.
Principles, Values, and Standards
- Principles are specific and pervasive boundaries for behavior that are universal and absolute.
- Values are used to develop norms that are socially enforced, such as integrity, accountability, and trust.
- Investors, employees, customers, interest groups, the legal system, and the community influence society's acceptance or rejection of a business.
Business Ethics in Practice
- Business ethics deals with questions like whether a salesperson should omit facts about a product's poor safety record in a sales presentation.
- It also deals with whether an automobile tire manufacturer should conceal safety concerns to avoid a massive and costly tire recall.
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Description
Explore moral values and ethical dilemmas in various scenarios. Discover how you would react in difficult situations and evaluate your moral compass. From judging a family member to making tough decisions, test your moral fiber.
