Ethics And Business Essay

903 words - 4 pages

1. What does the term ethics mean to you? Do you see a difference between ethics and morality? Explain your answer.
When it comes to ethics in business, many companies are famous for their downfall due to poor ethics. A recent example of this is Enron and the accounting fraud that took place. The term ethics can have multiple meanings, and can often be thought of as morality.
To me, the definition of ethics is the ability to judge what is right or wrong concerning human behavior. Human behavior includes individuals, and also groups of people or organizations. As described in the textbook, the term ethics and morals can be used interchangeably. However, the definition of morality at least ...view middle of the document...

The next, and newest developed approach to ethics is called Communitarianism. With this approach, the argument is that organizations are essential to character formation, and hope to restore the social fabric of society. Finally, the last approach is Altruism. Altruism has an approach to ethics that takes on the concern for others. The idea of helping others regardless of whether there is benefits to be gained from that act or not.
All five of these approaches can be used with any other approach. Having the ability to utilize more than one approach will allow a person or group to generate insights about a problem, and come up with solutions that may not have been so easy to determine before.

2. Which of the ethical perspective described in Chapter 1 do you rely on the most when making ethical choices? What do you see as the major strengths and weaknesses of this ethical theory?
There are five ethical perspectives that are described in Chapter 1. While they all have their own unique advantages and disadvantages, the one that I rely upon the most when making ethical decisions is Kant’s Categorical Imperative. Kant’s perspective on ethics is doing what is right no matter what the consequences are. Through this perspective, Kant argued that the moral duties of people are categorical, meaning that they should be obeyed without exception, regardless of the consequences that one may face.
The advantages of this perspective are that people will perform acts that they would want to have done unto them. All acts such as cheating and stealing are viewed upon as unethical, and should be treated as such. Through this perspective, people are...

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