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VE104 - Philosophical Foundations
VE104 - Philosophical Foundations
GRADUATE SCHOOL
Lecture Notes
A. Definition of Terms:
1. Philosophy – is a science whose essence is founded on reason, experience, reflection, intuition,
meditation, imagination and speculation that leads to critical thinking which embraces questioning,
analyzing, criticizing, synthesizing, evaluation and judging a given phenomenon of reality.
- "the love of exercising one's curiosity and intelligence. This makes philosophy not a
thing or a finished text, but the process of asking questions and finding answers no matter how
tentative these answers may turn out to be.
2. Foundations – A basis (such as a tenant, principle or axiom) upon which something stands or is
supported.
3. Ethical Theories – are philosophical attempts at explaining and systemizing human morality.
Generally, most ethical theory is an attempt to describe or prescribe what philosophers called “right
action” and “wrong action”. Most modern ethical theories can be classed as either deontological or
consequentialist
B. Discussion
Ethical Theory
Ethical Theories are attempts to provide a clear, unified account of what our ethical obligations are. They are
attempts, in other words, to tell a single “story” about what we are obligated to do, without referring directly to
specific examples. It is common in discussions of business ethics to appeal to one or more ethical theories in an
attempt to clarify what it is right or wrong to do in particular situations. Some of the philosophical ethical theories
commonly appealed to include:
Virtue – The virtue ethical theory judges a person by his or her character rather than by an
action that may deviate from his or her normal behavior. It takes the persons moral, reputation
and motivation into account when rating an unusual and irregular behavior that is considered
unethical.
Utilitarianism, which says that the right thing to do in any situation is whatever will “do the
most good” (that is, produce the best outcomes) taking into consideration the interests of all
concerned parties.
Deontology – The deontological class of ethical theories states that people should adhere to
their obligations and duties when engaged in decision making when ethics are in play. This
means that person will follow his/her obligations to another individual or society because
upholding one’s duty is what is considered ethically correct. The person who adheres to
deontological theory will produce very consistent decisions since they will be based on the
individuals set duties.