labeau susan phase 1 (ip) ethical theories intd670

7/31/2019 LaBeau Susan Phase 1 (IP) Ethical Theories INTD670

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Ethical Theories

INTD670-1202A-06

April 16, 2012


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Introduction

When a corporation delves into business for the first time they tend go into

gung ho and are especially careful about who and how they conduct business; meaning

they have a sense of morals in the beginning. These same morals that they start with

often get lost when the company begins to pull in the big money accounts. I will be

addressing various ethical theories throughout my presentation, along with some ethical

issues that can crop up during the course of international business.


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Business Ethics

Avoid criminal related business activities

Avoid actions that may cause corporate civil litigation

Avoid actions that might tarnish corporate reputation


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Normative Ethical Theory


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Normative Ethical TheoryEthics

Values

Value system

Virtues

Mores

Moral Rule

Morality

Ethical Principle


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Normative Ethical Theory Cont.

Rationality

Least Harm

Consistency

Impartiality

Openness


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Autonomy

Beneficence Confidentiality

Equality Finality

Justice

Non-maleficence

Understanding/Tolerance

Publicity

Respect for personsVeracity


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Act Utilitarianism

Rule Utilitarianism

Harm Principle

Principles of Consequences


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Principle of Opportunity

Principle of Distributive Justice

Principle of Justice

Principle of Need

Principle of Liberty


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Deontology Theory

PERSONS AS ENDS

PRINCIPLE OF AUTONOMY

SOCIAL CONTRACT

UNIVERSAL LAW


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Teleological Theory

Measures the worth of an action by its results

The best action produces the greatest good for the most people

Determining what is good, rather than what is right


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Ethical Issues

Breach of confidentiality

Conflict of interest

Culture shock

Language barriers


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Conclusion

Ethics and business do not always go hand in hand, but with the proper

training and an exemplary leader it is possible to minimize the number of corporate

scandals that a company is exposed to. Ethics is a touchy subject for most and if an

individual chooses to do as they please and ignores the company policies the reputation

of said company will be compromised.


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References

Bowan, S. A. (2004). Organizational factors encouraging ethical decision making: An exploration into the

case of an exemplar.Journal of Business Ethics, p. 311-324. Retrieved from Business Source Premier

database.faculty.stedwards.edu. (2002, April 16).Normative Ethical Principles and Theories. Retrieved from

faculty.stewards.edu: http://faculty.stedwards.edu/ursery/norm.htm#foundation Fieser, J. (n.d., April 16).APPROACHES TO BUSINESS ETHICS. Retrieved from University of Tennessee at

Martin: http://www.utm.edu/staff/jfieser/vita/research/busbook.htmHartigan, R. (2004).Ethics and legal concepts for business. Upper Saddle River: Pearson.


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References

Kubasek, N. K., Brennan, B. A., & Browne, M. N. (2005). The legal environment of business: A critical

thinking approach (4rd Edition). Upper Saddle River: Prentice Hall.Lahdesmaki, M. (2005). When ethics matters-Interpreting the ethical discourse of small nature - based

entrepreneurs.Journal of Business Ethics, 61 (1), p. 55-68. Retrieved from Business Source Premier

database.Messick, D. M., & Bazerman, M. H. (1996). Ethical leadership and the psychology of decision making.

Sloan Management Review, 37 (2), p. 9-22. Retrieved from ABI/INFORM Global database.nwmissouri.edu. (n.d., April 16). Theoretical Normative Ethics. Retrieved from Northwest Missouri State

University: http://catpages.nwmissouri.edu/m/rfield/274guide/274overview3.htm

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