Business ethics are important because they help to develop customer and employee loyalty and engagement and contribute overall to a company's viability. Businesses rely on reputation and a lack of moral guidelines can ruin a reputation.Continue Reading
Ethical behavior involves using an overall set of corporate values to govern actions and decisions that come up in business. Using morality to make corporate decisions is part of corporate culture and is seen as a social responsibility.
There are tangible benefits to corporate ethics that are proven by case studies.
Along with loss of customers, employees and corporate reputation, in the worst of cases, unethical corporate behavior and practices can result in death, prosecution and imprisonment.Learn more about Ethics
The three ethical theories are metaethics, normative ethics and applied ethics. Another term for ethics is moral philosophy. It is the practice of learning about, and recommending practices of right and wrong behavior.Full Answer >
Most psychologists and researchers agree that ethics can be taught, as did Socrates some 2,500 years ago, which is because ethics requires knowing what a person should do, and that knowledge can be shared. When it comes to moral development in human beings, the Harvard psychologist Lawrence Kohlberg has conducted research showing that a person can still grow from a moral and ethical standpoint later in life.Full Answer >
Dictionary.com defines Puritan ethics as a belief in and devotion to self-discipline, hard work, duty, responsibility and thrift. In today's age, Puritan ethics refers to adherence to these beliefs regardless of whether they are rooted in religious belief. People that are very strict on moral and religious issues are often referred to as puritanical. Some believe that puritanical attitudes are harmful, according to Anxiety Culture.Full Answer >
An introductory ethics exam may cover major concepts in ethical theory, such as the differences between deontology and consequentialism. Other items may include Kant's categorical imperative, Mill's utilitarianism, Singer's animal liberation and Rawl's notion of justice.Full Answer >