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Business Ethics - Coggle Diagram

- - - - Is Tatiana's behavior ethically acceptable?
      - What should people do in this circumstances?
      - What Tatiana's room mates should do in this circumstances?
- - - - Businesses itself is responsible for wrongdoing not just the people who work there
    - - Corporations are like umbrellas
        
        The significant thing about a corporation is the people inside the corporation not the corporation
  - - - Businesses are essentially bureaucracies
    - - An administrative chain of command
      - Standard work processes, regular schedules, and uniform policies
      - Central control
  - - - Kantian perspective
        
        Corporations are not morally responsible
        
        Kant struggles to attribute moral responsibility to the people who work in the corporations
        
        Ethical theories must be able to attribute collective responsibility
- - - - CBA is the name of the technical strategy that is used to serve shareholder interests in maximizing profits. It could be used by either the DM or by ShareT.
    - - The Shareholder Theory (ShareT)
      - Cost Benefit Analysis (CBA)
      - The Dominant Model (DM)
    - - Community
      - Employees
      - Consumers
    - - Business ethics is concerned with ethical quandaries or contentious issues that a company may face.
      - Business ethics entails a set of practices and procedures that aid in the development of consumer trust.
      - Typically, the law sets the tone for business ethics, providing a basic guideline that businesses can choose to follow in order to gain public approval.
    - - Healthy competition
        
        place a high value on corporate ethics.
      - Cutthroat competition
        
        Unfair competition which leading to justification of any means to drive down the opponent's price so that one is eliminated
- - - - Focus on Utility
        
        Betham have a spesific proccedure for decision
        making called Hedonic calculus
        
        Hedonic calculus work though the most Quantify happiness
        
        The way of Quantifiying happines is using a scale 0-10
        
        Bentham says there are seven ways to quantify happiness: a) the intensity of the happiness; b) the duration of the happiness; c) the certainty of the happiness; d) the remoteness of the happiness; e) the repeatability of the happiness; People Excellence f) the purity of the happiness; g) the extent of the happiness
        
        Mill version call The rule utilitarianism
        
        Mill thinks that any person who has experience of both the higher pleasures and the lower pleasures will support the priority that he has given to higher pleasures
        
        To be able to judge which is better, higher pleasures or lower pleasures, he thinks that judges must have experienced both kinds of pleasures
        
        In act utilitarianism, decision-makers evaluate what action would maximize utility overall
    - - Focus on virtue
        
        His ethical theory seeks to assure both that people act virtuously and that they are always striving to be more virtuous
        
        There are three main ways that people can become virtuous, for Aristotle
        
        By choosing a virtuous role model, on whose behavior the person can pattern their own.
        
        People Innovation Excellence By attempting to cultivate specific virtues
        
        . By engaging in continual reflections on the nature of virtue.
        
        Aristotle does not directly address the question: what action should I do? Rather, he is concerned with what virtue is and what it means to be a virtuous person
    - - Focus on duty
        
        Kant calls the duty is categorical imperative
        
        Kant's strategy for ethical decision-making does not, then, consider what will create the most happiness. Rather, he requires that people's actions meet certain rational standards
        
        The most important difference between Kantian ethics and utilitarianism is the standard the viewpoints offer for right actions
        
        Kant thought that there is one basic duty that is straightforward to understand. That is the duty to act in accordance with rules