Similarities And Contrast Of The Seven Moral Philosophies

As many things in life, ethics has evolved through the history of our society. As anyone who has ever has read the news can attest, there are certain behaviors and tradition typical in societies around the world that may seem unethical and, sometimes, inhuman when seen through our ethical point of view. However, we often forget that many of those behaviors and tradition were, not only accepted, but expected in our society at one time. As our society changes over time, our moral code and compass shifts changing our outlook and tolerance for certain behaviors. And, as in other aspects of our society, the way we conduct business is no different.

The purpose of business is commonly perceived negatively by the general public. Most people believe that businesses are started solely for the purpose of making money for its investors. However, according to Mackey (2013), “business has the potential for a higher purpose; to improve our lives and create sustainable value for all stakeholders of a business”. During the interview Mackey (2013) says that “business creates the goods and services that make our lives better”. At any rate, most people still view business as a necessary evil until more businesses adopt the conscious capitalism philosophy.

This paper introduced Manuel G. Velasquez and his four ethical precepts in business. These four ethical standards are specifically discussed in Chapter 2 of his book, Business Ethics: Concepts and Cases. These four standards or principles are usually used as a guide for people to considerate in making business decisions, which are the utility, rights, the justice and the care. They are described and explained with examples respectively below to indicate basic principles that people should follow as a member of a group when working for a same goal.

We must change the focus of business ethics away from primary emphasis on Western ethics toward a deeper understanding of value systems that stem from different conceptions of human nature. We need to abandon the project of universalizing ethics along Western lines.

After listening to President Michael Shonrock, Joi Niedner, Wesley Bell, and John Clark during the business ethics panel that took place in Dunseth Auditorium at Lindenwood University on October 20, 2016, I spent quite some time thinking about, and going over in my head, what all these successful persons had said. I managed to come to an conclusion that I don’t think – as far as I can recall – was never explicitly stated during the panel. My conclusion was that trying to do the right thing is what can help one progress in life. During most ethical dilemmas there can be some debate regarding what the “right” thing to do is, and depending on one’s perspective it certainly varies, but ultimately I believe that at the very least trying to do the

The movie “Glengarry Glen Ross” presented a series of ethical dilemmas that surround a group of salesmen working for a real estate company. The value of business ethics was clearly undermined and ignored in the movie as the salesmen find alternatives to keep their jobs. The movie is very effective in illustrating how unethical business practices can easily exist in the business world. Most of the time, unethical business practices remain strong in the business world because of the culture that exists within companies. In this film, the sudden demands from management forced employees to become irrational and commit unethical business practices. In fear of losing their jobs, employees were pressured to increase sales despite possible ethical

Acting morally in the business field is not easy, especially today in corporation models where capitals and profits are the priorities of mostly any business.

Business and ethics are often considered as opposite ends of a magnet, one in the means of seeking profit and other with the common assumption of refraining from profit maximization; so the question become is business ethics really an oxymoron? The usual perception of business ethics is very poor and pessimistic as many corporate executives say one thing yet do another. Although the maximization of self-interest and profit seeking is what drives the economy forward, but how should one’s actions be justified, is it ok to do as you wish as long as the law permits? Business managers along with other professionals have sets of ethical codes laid out and are to be followed. There is the bar set in place to monitor the practices of each

In this essay I will be answering the question; Are businesses that act unethically destined for failure? It’s no secret that many, if not the majority, of the world’s most famous companies have been accused of acting in an unethical manner; but the unasked question is why do so many get away with acting unethically. The definition of the ethics is “the study of practices and policies in business, to determine which are ethically defensible and which are not” (Jennifer Jackson 1996 page one)

/ Importance of ethics is also reflected in the performance of producing in different economies, such as Japan, code of honer and rule based behaviour has led to the creation of a efficient economy. / In summary, there are two ways in which good business behaviour can make economic sense:1.Improvement in society as a reward in itself. 2.Good behaviour can result in better performance, leading to more profit.

These seven Hermetic Principles were taught by Ancient Egyptians and passed on to Ancient Greece. Eventually making their way into the culture of Ancient India. These teaching passed on for thousands of years guided those that wanted to experience a transformation in their lives. It was taught that once you fully understood these principle and aligned yourself with them that you could have a better life than you could ever imagine.

In ten years, I see myself reinforcing the ethics of conducts to those who have no principles of right or wrong. I want to wake up every morning and know that I did the right thing even when no one is looking. My career goal is to work as a business lawyer, to convict those who take short cuts in order to turn a profit and those who abuse their workers to save money. In my future profession, I want to make sure that businesses stay honest and loyal to their workers and make sure everyone gets a fair outcome. I have no patience for those who urge for unethical practises. In order to make these goals a reality, I must make sure that when i go to college for a bussiness degree, that i exceed the expectaition that i hold for myself, and to make

With all of these unfair treatments of patients, it took a long time for laws to be established to protect the patient’s information. HIPAA was not created until 1996, the purpose of HIPAA is to protect all health care data for both the patient and provider. Along with HIPAA many other policies came about as well. According to Ingham-Broomfield (2017), one such policy is the Hippocratic Oath which is a guide for medical practice and states six bioethical philosophies of professional behavior that healthcare professionals should follow. The six philosophies are autonomy, justice, non-maleficence, beneficence, fidelity and veracity. As you can see in Henrietta Lacks, none of these philosophies were followed. The physicians didn’t give Henrietta

Straight on, business has a predicament either to maximise profits for shareholders or to have a moral

(160)Issue: The one question brought forth by Lagan (2006) is the conflict between harmony in the business environment and the competition of capitalistic markets in the ethical debate on the efficacy of Confucian business ethics. Lagan’s (2006) case study effectively defines the overarching harmony of universal mandates defined by Confucius, which argued against the pro-capitalist interpretations of Confucian values to adapt to modern business ethics. In my own views, I believe in this traditional form of the three rules of Confucian ethics: human morality, relationships, and harmony. The importance of morality and relationships are vital to preserving good business connections, but more so, it is important to understand how these business relationships create harmony in the community. In this case study, I intend to focus on resolving the conflict between self-centered capitalistic tendencies in the business community with Confucian business ethics as a source of harmony in the workplace.