Chapter 4 - Business ethics, corporate social responsibility, corporate governance, and critical thinking. The learning objectives for this chapter include: Appreciate strengths & weaknesses of various ethical theories, learn to apply guidelines for ethical decision making, recognize critical thinking errors, be an ethical leader. | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 1 The Nature of Law The Resolution of Private Disputes Business and The Constitution Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking Foundations of American Law P A R T Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking P A E T R H C 4 It is not what a lawyer tells me I may do; but what humanity, reason, and justice, tell me I ought to do. Edmund Burke Appreciate strengths & weaknesses of various ethical theories Learn to apply guidelines for ethical decision making Recognize critical thinking errors Be an ethical leader Learning Objectives Business Ethics Ethics is the study of how people should act Ethics also refers to the values and beliefs related to the nature of human conduct Based on ethical standards or moral orientation Business ethics: business conduct that seeks to balance the values | Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin 1 The Nature of Law The Resolution of Private Disputes Business and The Constitution Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking Foundations of American Law P A R T Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking P A E T R H C 4 It is not what a lawyer tells me I may do; but what humanity, reason, and justice, tell me I ought to do. Edmund Burke Appreciate strengths & weaknesses of various ethical theories Learn to apply guidelines for ethical decision making Recognize critical thinking errors Be an ethical leader Learning Objectives Business Ethics Ethics is the study of how people should act Ethics also refers to the values and beliefs related to the nature of human conduct Based on ethical standards or moral orientation Business ethics: business conduct that seeks to balance the values of society with the goal of profitable operation Ethical Theories Teleological ethical theories focus on the consequences of a decision Deontological ethical theories focus on decisions or actions alone Recognize that ethical values are as diverse as individual humans See the Internet Encyclopedia of Philosophy Rights Theory Basic deontological view: certain rights are fundamental Kantianism (from Immanuel Kant) applies the categorical imperative: judge an action by applying it universally Modern Rights Theories soften Kant’s absolute duty approach, yet protect fundamental rights (a strength of the theory) Kant’s categorical imperative may be summarized as “act as you would have all people act” Rights theory is ethnocentric in that not all cultures view rights similarly. For example, the . treats freedom of speech as a fundamental right, but not all cultures agree with that perspective. Justice Theory Basic teleological view: a society’s benefits and burdens should be .
