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McCombs School of Business

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ethical theories philosophy ethics moral philosophy

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This document is a presentation on ethical theories, including Deontology, Consequentialism, Utilitarianism, Hedonism, Social Contract Theory, and Virtue. It explains different aspects of these theories and provides links to resources and further reading.

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Ethical Theories What is Ethics? The term ethics often describes the investigation and analysis of moral principles and dilemmas. It can also refer to rules or guidelines that establish what conduct is right and wrong for individuals and for groups. ...

Ethical Theories What is Ethics? The term ethics often describes the investigation and analysis of moral principles and dilemmas. It can also refer to rules or guidelines that establish what conduct is right and wrong for individuals and for groups. What is Morals? Morals are the prevailing standards of behavior that enable people to live cooperatively in groups. It refers to what societies sanction as right and acceptable Why should we study ethics? Ethical Theories Deontology Hedonism Social Contract 02 Consequentialism Theory Utilitarianism 06 Virtue 01 Deontology Deontology - An ethical theory that uses rules to distinguish right from wrong - associated with philosopher Immanuel Kant - follow universal moral laws, such as “Don’t lie. Don’t steal. Don’t cheat.” 02 Consequentialism Consequentialism - an ethical theory that judges whether or not something is right by what its consequences are - sometimes criticized because it can be difficult, or even impossible, to know what the result of an action will be ahead of time 03 Utilitarianism Utilitarianism - an ethical theory that determines right from wrong by focusing on outcomes - It is a form of consequentialism - holds that the most ethical choice is the one that will produce the greatest good for the greatest number 04 Hedonism Hedonism - is the belief that pleasure, or the absence of pain, is the most important principle in determining the morality of a potential course of action - is a type of consequentialism, and it has several forms  normative hedonism  motivational hedonism  Egotistical hedonism  altruistic hedonism 05 Social Contract Theory Social Contract Theory - contract theory says that people live together in society in accordance with an agreement that establishes moral and political rules of behavior - provide a valuable framework for harmony in society. 06 Virtue Virtue - is a philosophy developed by Aristotle and other ancient Greeks - It is the quest to understand and live a life of moral character. - This character-based approach to morality assumes that we acquire virtue through practice Ethical Fading occurs when the ethical aspects of a decision disappear from view. happens when people focus heavily on some other aspect of a decision, such as profitability or winning Ethical Decision Making Would you sacrifice one person to save five? https://www.youtube.com/watch?v=yg16u_b zjPE Ethical Issues with Technology and Networks in the Workplace https://www.youtube.com/watch?v=xsFRH1VdEqI Resources McCombs School of Business https://www.youtube.com/watch?v=i_4g-cNQD-c&list=PL32TobLoKLYrTk4TB4w- kuOf_dEEmAvOg https://www.youtube.com/watch?v=OphSfM9widY&list=PL32TobLoKLYrTk4TB4w- kuOf_dEEmAvOg&index=4 https://ethicsunwrapped.utexas.edu/glossary/ethics https://ethicsunwrapped.utexas.edu/glossary/morals https://www.youtube.com/watch?v=i_4g-cNQD-c&list=PL32TobLoKLYrTk4TB4w- kuOf_dEEmAvOg&index=1 https://ethicsunwrapped.utexas.edu/glossary/deontology https://ethicsunwrapped.utexas.edu/glossary/consequentialism Thanks CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon, and infographics & images by Freepik

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