Basic concepts

2021 ◽  
pp. 24-40
Author(s):  
Christoph Lütge ◽  
Matthias Uhl

This chapter clarifies the most fundamental concepts of business ethics. Business ethics problems are characterized as interaction problems emerging from the interdependence of at least two actors. The problem of scarcity and the limits of individual moral action are introduced: business ethics starts where individually virtuous behavior cannot solve the problem of scarcity. The terms ethics and economics are defined. Business ethics is interpreted as an ethics from a broad economic perspective that examines which norms can be established under conditions of global economies. In this context, normative implications of economics are emphasized. Business ethics is then situated within philosophy, and the essential tension between two basic approaches to business ethics, the dualistic and the monistic, is discussed.

2017 ◽  
Vol 20 (8) ◽  
pp. 19-32
Author(s):  
Adam Zadroga

From the beginning of the 1990s, a considerable interest in business ethics has been observed in Poland. It seems that the legacy of Polish researchers concerned with this academic discipline is already rich enough, and at the same time so diverse, that it is worth making an attempt to systematise it, exploring and appropriately naming the basic approaches to deal with business ethics in Poland. The carried-out analyses allowed to determine the following leading methods in the formal aspect: firstly, metaethics of business ethics; secondly, business ethics practised in the framework of various modifications of normative ethics (mostly deontology, utilitarianism, virtue ethics and ethics of responsibility; on the other hand, it has been observed that there is a complete lack of clear references to personalistic ethics); thirdly, business ethics practised as descriptive ethics in economic life.


2017 ◽  
Vol 41 (4) ◽  
pp. 514-538 ◽  
Author(s):  
Patricia R. Hedberg

Reflective learning practice embedded across the business curriculum is a powerful way to equip students with intentionally formed moral habits of the mind and heart. This article explores why and how to apply reflective learning to the teaching of business ethics. To act with integrity in complicated work organizations, students need skills and practices that recognize emotional, intuitive, and social moral influences. Actively engaging in reflections designed to deepen self-awareness primes students to turn deliberately to the purpose they want to bring to their organizational lives. Moreover, by critically and openly reflecting with others, they better understand how to manage the cultural and social complexities needed to act with moral courage. Suggestions for using reflective learning practice to support moral action are offered, and I outline examples of how to add both personal and collective ethical reflection to a management course. The challenges and implications of creating a moral reflective learning practice are discussed.


2015 ◽  
Vol 25 (3) ◽  
pp. 341-361 ◽  
Author(s):  
Tae Wan Kim ◽  
Rosemarie Monge ◽  
Alan Strudler

ABSTRACT:In this article we investigate a philosophical problem for normative business ethics theory suggested by a phenomenon that contemporary psychologists call “bounded ethicality,” which can be identified with the putative fact that well-intentioned people, constrained by psychological limitations, make ethical choices inconsistent with their own ethical beliefs and commitments. When one combines the idea that bounded ethicality is pervasive with the idea that a person morally ought to do something only if she can, it raises a doubt about the practical relevance of the moral principles that business ethics theory prescribes. We call this doubt the Radical Behavioral Challenge. It consists in the idea that people cannot generally conform to the normative ethical principles that business ethics theorists prescribe, and that these principles are therefore practically irrelevant. We answer the Radical Behavioral Challenge and explore normative implications of our answer.


2016 ◽  
Vol 10 (3) ◽  
Author(s):  
Jacob Dahl Rendtorff

This paper presents the concept of ethical economy (Wirtschaftsethik) and the relation between ethics and economics on the basis of the work of the German ethical economist Peter Koslowski. The concept of ethical economy includes three levels: micro, meso and macro levels; and it also deals with the philosophical analysis of the ethical foundations of the economy. After the discussion of these elements of the ethical economy, the paper presents some possible research topics for a research agenda about economic ethics or ethical economy.


1996 ◽  
Vol 6 (3) ◽  
pp. 263-275 ◽  
Author(s):  
Rogene A. Buchholz ◽  
Sandra B. Rosenthal

AbstractThe current literature in business ethics is tending toward an unacknowledged moral pluralism, with all the problems this position entails. An adequate moral pluralism cannot be achieved by a synthesis of existing theoretical alternatives for moral action. Rather, what is needed is a radical reconstruction of the understanding of the moral situation that undercuts some of the traditional dichotomies, provides a solid philosophical grounding which is inherently pluralistic, and offers a new understanding of what it is to think morally. The philosophical position of American pragmatism, as briefly sketched in this paper, offers one such possible reconstruction.


Conceptus ◽  
2009 ◽  
Vol 38 (93) ◽  
Author(s):  
Henning Peucker

SummaryAgainst the background of the growing social and ecological problems, business ethics and economics ethics were developed in order to reflect on the ethical dimension of modern economic activities. This article contrasts two different approaches from within this field of applied ethics: one that regards the implementation of a responsible and institutionally-based framework of regulations for all of our economic activities as the aim of business ethics; another that stresses the influence of individual business leaders and regards all efforts of business ethics as pointless if they are not directed to the individual decisions and actions of managers. The article shows that the first approach remains insufficient if it is not complemented with elements from the individual ethics provided by the second approach.


2018 ◽  
Vol 35 (02) ◽  
pp. 307-320 ◽  
Author(s):  
Gregory Robson

Abstract:According to an influential argument in business ethics and economics, firms are normatively required to maximize their contributions to social welfare, and the way to do this is to maximize their profits. Against Michael Jensen's version of the argument, I argue that even if firms are required to maximize their social welfare contributions, they are not necessarily required to maximize their profits. I also consider and reply to Waheed Hussain's ‘personal sphere’ critique of Jensen. My distinct challenge to Jensen seems to me fatal to any view according to which firms are normatively required to maximize their profits.


2020 ◽  
Vol 166 (4) ◽  
pp. 727-743 ◽  
Author(s):  
Laura Albareda ◽  
Alejo Jose G. Sison

Abstract In recent years, business ethics and economic scholars have been paying greater attention to the development of commons organizing. The latter refers to the processes by which communities of people work in common in the pursuit of the common good. In turn, this promotes commons organizational designs based on collective forms of common goods production, distribution, management and ownership. In this paper, we build on two main literature streams: (1) the ethical approach based on the theory of the common good of the firm in virtue ethics and (2) the economic approach based on the theory of institutions for collective action developed by Ostrom’s research on common-pool resources to avert the tragedy of the commons. The latter expands to include the novel concepts of new commons, “commoning” and polycentric governance. Drawing on the analysis of what is new in these forms of organizing, we propose a comprehensive model, highlighting the integration of two sets of organizing principles—common good and collective action – and five problem-solving processes to explain the main dimensions of commons organizing. We contribute to business ethics literature by exploring the convergence between the ethical and economic approaches in the development of a commons organizing view.


1999 ◽  
Vol 9 (4) ◽  
pp. 593-602 ◽  
Author(s):  
Thomas F. McMahon

Abstract:Rights, justice, and power raise many interesting questions. Why do such basic concepts as rights and justice have such different points of concern—equality, proportionality, medium rei (moderation or the middle of the thing itself without reference to the person using it)? Why are there such different perspectives in philosophy, theology, and law? Why is the notion of power in business ethics so isolated from the general discussion of applied justice in treatises on business contracts, employee relations, and in other related topics? Discussions of power seemed parallel with discussions of justice. The two did not seem to intersect.In this paper I shall argue that rights, power, and justice are interrelated. While natural rights are the basis for justice, rights cannot be realized nor justice become operative without power. I shall call this relationship and the theory underlying it “Transforming Justice.” One of the basic concerns of this article is to notice the lack of interaction between rights and power in the traditional theories of justice. Granted that for many philosophers it is sufficient to determine what is just. But the notion of justice as an active virtue that persons are to exercise in their dealings with others goes further. It touches the realities of life that every person experiences. Life does not separate rights from power. Reflection upon the current separation of rights from power both in theory and in action is analogous to the separation of the “sensory” from the “imaginative” in art and in life. The urge to devise a framework of justice that brings out the wholeness of its existential being is the underlying rationale for developing a theory of transforming justice. Another purpose for developing a theory of transforming justice is to suggest a conceptual framework of business ethics and corporate social responsibility that incorporates values, rights, power, and virtue. Authors and teachers approach these issues either from a value (or rights/justice) perspective or from the view that institutions respond only to those who exercise power (apart from legitimate claims). Thus, it is necessary for a conceptual framework to incorporate the dynamics of power and the qualifying aspects of rights or claims. A natural law approach to justice and rights argues that humans have certain basic rights that others, whether humans or institutions (regardless of source), are required to respect. Natural rights theory places the burden or duty on each individual to respect the rights of every other person. In addition, justice is usually defined by natural law theorists as “giving each person his or her due,” what is required by natural rights, what is owed, earned, or deserved. But its applications fall short of reality. It raises other questions. How does one person get another to give him what is “his due”? How are duties and claims entailed by natural rights enforced in practice? The notion of transforming justice attempts to answer these questions.


2021 ◽  
Vol 20 (1) ◽  
pp. 14-21
Author(s):  
Galina Yu. Makarova ◽  

The article devoted to the problems of changing the perception and application of the basic concepts of management science and practice, such as rational management, organizational culture, fair remuneration, and others. The author examines the origins of the modern concept of “management philosophy” in such well-known works as, for example, Aristotle’s “Ethics”. Some of the principles of ancient Greek business ethics (honesty, work) became the basis of Protestant ethics, which is based on Western European and American modern capitalist civilization. In the modern realities of management, these concepts have changed, therefore, a new perception of the management philosophy is necessary, a gradual rethinking of the basic concepts, one of the attempts of such a rethinking is made by the author


Sign in / Sign up

Export Citation Format

Share Document