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Introduction to Business Ethics
What are general perceptions in Business ethics?
➢ Greed→main cause of Economic Misconduct
➢ Mistrust→against certain population groups (bankers, speculators)
➢ Criticism→to people involves, not structures
Introduction to Business Ethics
What do we need to have a Business Ethical problem?
At least 2 individuals
Environment of scarcity➔leads to conflict
Introduction to Business Ethics
What is the "Robinson Economic"?
Business Ethics begins when Friday comes to the Island
Individual problems → become Social problems
Focus is on interaction
Introduction to Business Ethics
What are possibilities to react to conflicts?
1)Combat→fight 2)Altruism→give to others 3)Cooperation→mutual benefit
Introduction to Business Ethics
What is Distributive justice?
→How to split?
Existing quantity is given
Distribution based on rules
Split as equitable as possible
Introduction to Business Ethics
What is Allocative Justice?
→How to improve supply to satisfy more demand?
Best allocation of production factors (labor, material, capital)
Scarcity problems should be understood as allocation problems
Introduction to Business Ethics
What are limits of individual moral actions?
➢ Virtue ethical question→“What should I do?”
Makes Robinson give up half to Friday
Result?➔nobody gets enough to eat
➢ Decoupling of motive and result
Morality is interpreted as an unintended result of intentional action
Introduction to Business Ethics
What is the outcome for Business ethics?
Business ethics:
• Based on conditions, NOT on actions and their motives
Reasons:
1) Individual virtues cannot solve structural problems
2) Interaction and Interdependence problem
3) Conditions of the Modern world
− Rising degree of complexity in modern relationships
− Prevalence of mutual interdependence between individuals, firms and nation states
Introduction to Business Ethics
What are the (3) categories of Philosophy?
1) Theoretical
➢ Ontology→What does exist?
➢ Metaphysics→What is the order of the world?
➢ Epistemology→What can I know?
➢ Philosophy of language→What is the relation of language and reality?
2) Practical
➢ Ethics→ What should I do?
➢ Economics→What is the best means to achieve an end? ➢ Political philosophy→What is the best order of society?
3) History of Philosophy
➢ Ancient thinkers
➢ Try to understand what sb. Wanted to say
➢ Ancient thinkers
➢ Try to understand what sb. Wanted to say
Introduction to Business Ethics
What is the difference between Ethics and Morality?
Theory of morality
Morality
Rules and norms that should determine peoples’ actions
Introduction to Business Ethics
What are the subcategories of Meta-Ethics?
Introduction to Business Ethics
What is Descriptive Ethics?
➢ Description, systematization, explanation of normative systems
Statement that describes something
NO evaluation
ex. Ethnology, Moral psychology, Evolutionary biology, Behavioral economics
According to German Law human dignity is inviolable.
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