Documente Academic
Documente Profesional
Documente Cultură
S. K. Joshi
sk.joshi@gov.in
Lesson 02
Lesson's Objectives
Define Value & familiar with types of value
Identify the formation of value
Define Ethics
Familiar with the formation of Ethics
Define Business Ethics
Identify the importance of Business Ethics
Identify relationships between ethics and
organization
Value
As we knew the firm is determined by its
values
Edwerd Spranger define the value as "the
constellation of standards, or qualities,
characteristics, or ideas that determine a
person's view of the world
Those standards/idea, qualities are likes,
dislikes, viewpoints, inner inclinational,
rational and irrational judgments,
prejudices, and association patterns
Value
Then values provide the basic foundation
for understanding a person’s personality
perception and attitudes.
Family Profession
The
Individual
Conscience
Friends Employer
Ethics Law
Concepts of Ethics
Developed by moral philosophers over
generations and used to distinguish ethical from
unethical behavior. But each ethical concept has
problems
The 4 Concept of Ethics
◦ Relativism
◦ Egoism
◦ Utilitarianism
◦ Deontologism
Relativism
There is no universal standard by which
morality can be judged
At here what is correct for one society may be
wrong for another
And Ethics and morality are relative
Relativism
There are no absolutes/limits-murder, slavery,
torture, rape are also accepted
Always directed to be meant by a society as a
sub-societies
Leads to conclusion – each person’s opinion is
correct
Nothing that anyone does is morally wrong
Egoism
It is one ought to act in his or her own self
interest and when it is ethical behavior is that
which promotes one’s own self interest. And it
does not mean should not obey laws – only do so
if in self interest
Ethical egoism is the view that what a person
ought to do is always what they judge to be in
their individual best interest to do.
Psychological egoism is the view that everyone, in
fact, always does act from a self-interested
motive
Utilitarianism
The morality of an action can be determined by
its consequences.
And an action is ethical if it promotes the
greatest good for the greatest number
The benefits of the Action is higher than its cost
means the behavior is ethical otherwise it is
unethical
Restrictions against the majority to protect a
minority is not utilitarian
In the eyes of a utilitarian, any action is justified
if it works towards the greatest utility.
Deontologism
Derived from the Greek world for Duty
Actions are not justified by their
consequences.
Factors other than good outcomes
determine the rightness of actions
Macro & Micro Ethics
Micro-ethics Macro-ethics
(individual focus)
Micro Macro
Normative Values/Norms & Norms & Principles and
Principles for a Fair economic System
Organizational – i.e. Distributive Justice
Decisions
Ethical
Problem
Ethics
Actual
Ethical Problem Business
Ethics