Lesson 148 of 1524
Why Ethics Matter
The first steps are to ask ourselves how we define success and to understand that integrity calls on us to act in a way that is consistent with our words.
Practice this chapterThe first steps are to ask ourselves how we define success and to understand that integrity calls on us to act in a way that is consistent with our words. The three normative theories of ethical behavior allow us to apply reason to business decisions as we examine the result (utilitarianism), the means of achieving it (deontology), and whether our choice will help us…
All the company’s stakeholders benefit from managers’ ethical conduct, which also increases a business’s goodwill and, in turn, supports profitability. Ethics sets the standards that govern our personal and professional behavior.
ethics — the standards of behavior to which we hold ourselves in our personal and professional lives. deontology — a normative ethical theory suggesting that an ethical decision requires us to observe only the rights and duties we owe to others, and, in the context of business, act on the…. integrity — the adherence to a code of moral values implying trustworthiness and incorruptibility because there is unity between what we say and what we do. utilitarianism — a normative theory of ethics suggesting that an ethical act is the one whose consequences create the greatest good for the greatest number of people.
Worked example
What does “ethics” mean in Why Ethics Matter?
- 1Use the wording this chapter gives for ethics.
- 2The book says: the standards of behavior to which we hold ourselves in our personal and professional lives.
- 3Do not use the meaning of deontology. That term means a normative ethical theory suggesting that an ethical decision requires us to observe only the rights and duties we owe to others, and, in the context of business, act on the….
Result: the standards of behavior to which we hold ourselves in our personal and professional lives
Why. That is the meaning this chapter gives for ethics.
Do not swap ethics and deontology. ethics means the standards of behavior to which we hold ourselves in our personal and professional lives. deontology means a normative ethical theory suggesting that an ethical decision requires us to observe only the rights and duties we owe to others, and, in the context of business, act on the….
Practice margin
This chapter
A fresh set from this chapter only. Choose 10 or 20. Multiple choice and fill-in, with no repeat inside the set.