BusinessEthicsNowPart 1 Understanding Ethics

Ethicsin Action

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>>What is Ethics?

>>What is Ethics?

Ethics

The behavior in both how we think and behave toward others and others

toward us.

A set of moral standards or ethical principles that provide guidance of conduct in daily lives.

family, religion, traditions and beliefs of the society.

>>Understanding Right and Wrong

Moral standards

Principles based on religious, cultural, or philosophical beliefs by which judgments are made about good or bad behavior.

Morality represents collection

Influences from Friends Media (television, radio, newspapers, magazines, internet) and mentors

Provide a moral compass (a sense of personal direction) to guide in the choices make in our life.

>>Understanding Right and Wrong

How Should I Live?

Standards of ethical behavior are absorbed by osmosis through observation of examples (both positive and negative) set by everyone parents, family, friends, etc.

Adoption of ethical standard is ultimately unique as an individual

For those who influenced by religion believe that behaving ethically toward others represents a demonstration of religious devotion (motivated by fear of divine punishment after life or a reward for living virtuous life)

Others may choose ethical behavior based on experience of human existence rather than any abstract concepts of right and wrong as determined by a religious doctrine

Values and Value System

Values or morals: a set of personal principles by which we aim to live our life

Value system: formalization of value principles into a code of behavior

>>Understanding Right and Wrong

The Value of a Value

1. An intrinsic value by which a value is a good thing in itself and is pursued for its own sake, whether anything good comes from that pursuit or not.

For example, happiness, health and self-respect can all be said to have intrinsic value

2. An instrumental value by which the pursuit of one value is a good way to reach another value.

For example, money is valued for what it can buy rather than for itself.

>>Understanding Right and Wrong

Value Conflicts

When we face the situation where personal value system in direct conflict with an action

1. Lying is wrong but what if you were lying to protect the life of a loved one?

2. Stealing is wrong but what if you were stealing food for a starving child?

3. Killing is wrong but what if you had to kill someone in self -defense to protect your own life?

situations

How we choose to respond to specific situations and make specific choices define our personal value system.

>>Understanding Right and WrongDoing the Right Thing

4 basic categories of what Ethics means:

1. Simple truth right and wrong or good and bad | might have different interpretation or commitment to each individual.

2. Personal integrity |

3. Rules of appropriate individual behavior | moral standards that impact daily lives and types of decisions made.

4. Rules of appropriate behavior for a community or society | ethical standard of the community

or society that come from group of people who share a common standard.

Firstly, the study of ethics seeks to understand how people make the choices | how people develop their own set of moral standards, how people live their lives on the basis of those standards, and how people judge the behavior of others in relation to those standards

Secondly, to use that understanding to develop a set of ideals or principles as a community to have the common understanding of how behave.

>>Understanding Right and Wrong

The Golden Rule

The goal of living an ethical life expressed by the Golden Rule: Do unto others as you would have them do unto you, or treat others as you would like to be treated.

Buddhism nd Udana-Varga5:18

Christianity Therefore all things whatsoever ye would that men should do to you, do ye Matthew 7:12

Hinduism This is the sum of duty: do naught unto others which would cause you pain if Mahabharata 5:1517

immorality and bad conduct and oppression. He admonishes you that perhaps you will

An-Nahl 16:90

However, not everyone thinks, acts, or believes in the same principles | we can not expect other people pursue the same ethical ideals like us.

Living in ethical vs unethical circumstances

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