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CHAPTER 11 : ETHICS (Principle of Ethics (Community, Character Growth.,…
CHAPTER 11 : ETHICS
Ethics
Moral principles that individuals inject into their decision-making process which help temper the final outcome to conform with the norms of their society.
Sustainable Development
Development which meets the needs of the present without compromising the ability of future generations to meet their own needs.
An action is considered ethical when it is able to meet your needs/happiness without compromising the ability of others to meet their own needs/happiness.
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Ethics, Values, Morals and Akhlaq
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Morals : Elements more related to codes and standards about the rightness and the wrongness, goodness or badness of one's action.
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Akhlaq : The systematic inquiry into the universal nature and necessity of morality, the innate disposition from which human acts emanate the ethics, morals and manners of a person.
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Principle of Ethics
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- Equal respect and the golden rule.
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Business Ethics
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Moral Capitalism
Five components
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- Individualism and Innnovation