The document discusses several topics related to business ethics:
1. It describes four common "straw man" approaches to business ethics: the Friedman doctrine prioritizes profits above all else as long as it's legal, cultural relativism says morality depends on culture, the "upright moralist" says a company should follow its home country's ethics abroad, and the "gullible immoralist" says do what other companies in a host country do.
2. Utilitarian ethics says an action is right if it creates the greatest good for the greatest number of people by maximizing benefits and minimizing harms.
3. Kantian ethics says people should never be used solely as a
The document discusses several topics related to business ethics:
1. It describes four common "straw man" approaches to business ethics: the Friedman doctrine prioritizes profits above all else as long as it's legal, cultural relativism says morality depends on culture, the "upright moralist" says a company should follow its home country's ethics abroad, and the "gullible immoralist" says do what other companies in a host country do.
2. Utilitarian ethics says an action is right if it creates the greatest good for the greatest number of people by maximizing benefits and minimizing harms.
3. Kantian ethics says people should never be used solely as a
The document discusses several topics related to business ethics:
1. It describes four common "straw man" approaches to business ethics: the Friedman doctrine prioritizes profits above all else as long as it's legal, cultural relativism says morality depends on culture, the "upright moralist" says a company should follow its home country's ethics abroad, and the "gullible immoralist" says do what other companies in a host country do.
2. Utilitarian ethics says an action is right if it creates the greatest good for the greatest number of people by maximizing benefits and minimizing harms.
3. Kantian ethics says people should never be used solely as a
Learning Activity 1: a. Explain the different straw men approach to business ethics Business ethics academics use these methods as fig leaves to show that they provide unsuitable rules for moral judgment in a multinational corporation. These viewpoints can be divided into four categories: the Friedman doctrine, cultural relativism, the upright moralist, and the gullible immoralist. Friedman's primary stance is that, as long as the corporation complies with the law, its main social obligation is to boost profits. He vehemently disagrees with the notion that companies should make social contributions beyond those required by law and necessary for effective commercial operation. For instance, his ideas imply that enhancing working conditions above what is required by law and what is necessary to increase employee productivity will result in lower earnings and are therefore inappropriate. The idea that all morality is influenced by culture, that morality is merely a mirror of culture, and that morality is a cultural construct is known as cultural relativism. A company should, therefore, adopt the morals of the society in which it operates. When examined more closely, cultural relativism falls apart. At its most extreme, cultural relativism contends that if a culture endorses slavery, then using slave labor within a nation is acceptable. It isn't, of course! The assumption that universal moral principles can exist beyond cultural boundaries is implicitly rejected by cultural relativism, yet as we will demonstrate later in the chapter, some universal moral principles do exist. A righteous moralist contends that a multinational's home country's ethical standards are the ones that businesses should adhere to abroad. Managers from industrialized nations are frequently thought to use this strategy. At first glance, this appears reasonable, however the method has drawbacks. A naive immoralist claims that if a manager of a global company notices that businesses from other countries are not abiding by ethical standards in a host country, then that manager should not either. b. What is utilitarian? According to utilitarian perspectives on ethics, the moral value of deeds or behaviors is decided by their repercussions. A deed is evaluated it results in the best possible ratio of positive outcomes to negative repercussions, it is desirable. The maximum of good and the minimization of harm are core principles of utilitarianism. Utilitarianism acknowledges that decisions can have a variety of effects, some of which are beneficial to society and others which are detrimental. It emphasizes the need to thoroughly consider all of the societal benefits and costs of a company action and to pursue only those acts where the benefits outweigh the costs as a business ethics theory. According to a utilitarian viewpoint, the best decisions are those that result in the greatest good for the largest number of people. c. What is Kantian Ethics? According to Kantian ethics, humans should never be considered solely as means to another person's objectives. Unlike a machine, people are not tools. People should be valued for their dignity. According to Kantian philosophy, employing people in sweatshops and forcing them to work long hours for little compensation in appalling conditions is unethical because it treats them like inanimate objects rather than conscious moral beings with dignity. The idea that people should be respected and treated with dignity still resonates in the modern world, despite the fact that modern moral philosophers tend to view Kant's ethical philosophy as incomplete, for instance, his system has no place for moral emotions or sentiments such as sympathy or caring. d. What are the roles of ethic officers? Many businesses now employ ethics officers to ensure that they conduct themselves ethically. These people are in charge of making sure that the company's code of ethics is upheld, that all employees are trained to be ethically conscious, and that ethical issues are factored into business decision-making. In order to ensure that choices follow this code, ethics officers may also be in charge of auditing them. In many companies, ethics officers serve as an internal ombudsperson who is in charge of answering employees' private questions, looking into complaints made by them or others, disclosing their findings, and suggesting changes.