Summary Case : “Ethics : A Basic Framework” Business ethics are basic moral principles that guide both people and companies behaviour in business world. Ethics in business are important because it has important implication for company’s function as an organization‚ ability to manage risk‚ and company reputation in marketplace. Ethcis become important in make company reputation because market participants are often make ethcial judgement about the company and some will even be rewarded or punished
Premium Ethics Business ethics Corporation
presents ETHICAL THEORIES SLIDE 1 – INTRODUCTORY SLIDE Ethical theories provide part of the decision-making foundation for Decision Making When Ethics Are In Play because these theories represent the viewpoints from which individuals seek guidance as they make decisions. Each theory emphasizes different points – a different decision-making style or a decision rule—such as predicting the outcome and following one’s duties to others in order to reach what the individual considers an ethically correct
Premium Ethics Decision making
References: Trevino‚ L.K.‚ & Nelson‚ K.A. (2011). Managing business ethics: Straight talk about how to do it right (5th ed.). Hoboken‚ NJ: Wiley.
Premium Ethics
Involvement) LEARNING OBJECTIVES (TOPIC 3) After completion of this topic‚ you will be able to: 1. Describe the main ethical theories and apply it to business scenarios © iStockphoto.com/Dan Bachman ETHICAL THEORIES Three periods in history of ethics Greek period (500 BC-AD 500) • The man who performed his duties as a citizen = good man • Greeks – “Man is the measure of all things” – he decides for himself what is right and wrong • Socrates‚ Plato and Aristotle emphasised the need and importance
Premium Ethics
R E S P O N S I B I L I T I E S & L E A D E R S H I P ethics Ethics‚ Professional Judgment and Principles-based Decision Making Under IFRS By Steven M. Mintz or almost 40 years‚ a movement has been under way to establish one set of intemational accounting standards for all countries around the world in order to facilitate intemational trade and investment. Since it is no longer unusual to have foreign companies list their stock on the New York Stock Exchange‚ one common set of accounting
Premium International Financial Reporting Standards Financial statements
BSB111 – Business Law and Ethics Semester 1 2010 ETHICS CASE STUDY QBank offered Jen a substantial amount of money for the premises of her florist shop. However‚ this will all come at the cost of her two employees Diane and Helen losing their jobs in the shop. Therefore‚ it seems Jen faces an ethical dilemma‚ particularly because she promised her employees that she would keep them on. By looking at key relevant ethical theories a decision can be made that best suits Jens situation. Egoism
Premium Ethics Virtue ethics Virtue
a. Strengths of the analysis include the idea that talking about ethical issues is important‚and that the analysis suggests avenues for improving ethics education. The weaknesses primarily cited by students included the “idealistic” nature of the discussion. Onecommon theme emerged‚ which is that frauds and unethical behavior occurred long before formal business school education. Students often cited this fact as anunaddressed weakness in Professor Waddock’s analysis. b. The average level of moral
Premium Morality Ethics Moral psychology
CLINICAL ETHICS CLINICAL ETHICS Ethical issues concerning the relationships between medical practitioners and the pharmaceutical industry Paul A Komesaroff and Ian H Kerridge RELATIONSHIPS INVOLVING medical practitioners and the pharmaceutical industry raise serious concerns and The Medical Journal of the medical profession and the controversy within bothAustralia ISSN: 0025-729X 4 February 2002 176 2 118-121 broader community.1‚2 Within the profession itself views differ sharply‚ from the
Premium Clinical trial Pharmaceutical industry Medicine
Sommers suggested the teachers to teach their students individual virtues as they are further away from their morality. Striking changes have taken place from the more directive teaching of right and wrong‚ by study and example‚ to situation ethics‚ dilemma ethics and other approaches that rationally dissect moral acts. The set of approaches imply that there are no moral absolutes to uphold. Sommers feels that if students are taught that way they can lose a sense of moral direction and not take
Premium Morality Virtue Education
that we could accept as universal laws – that is‚ rules we would be willing for everyone to follow in all circumstances. (Ruggeiro. V.R. ‚2011) 2.0 What Is a Virtue? The first systematic description of virtue ethics was written down by Aristotle in his famous work Nichomachean Ethics. Aristotle said that a virtue is a trait of character manifested in habitual action. The word “habitual” here is important. The virtue of honesty‚ for example‚ is not possessed by someone who tells the truth only
Premium Virtue Ethics