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business ethics - Coggle Diagram
business ethics
whistle blowing
kantian view
utilitarian view
when an employee discloses unethical or illegal business practices to the employer or public
positive implications
negative implications
loss of job
loss of trust in company from consumers
poor treatment subsequently from managers
Kantian view on business ethics
good view
flawed view
John Rawls - modern Kantian scholar - equality of opportunity over equity - discerns 2 rules in order for justice to occur
people should have equal access to basic rights + liberties
social + economic inequalities should be arranged so they have the greatest benefit for the disadvantaged (e.g: less tax for the poor)
globalisation
kantian view
utilitarian view
corporate social responsibility
concept that corporations should be accountable for impacts they have on all their stakeholders (community + environment)
Milton Friedman - businesses having 'moral' responsibilities distracts from its core purpose to make money
utilitarian view on business ethics
good view
as a teleological ethical theory, utilitarianism ensures that the focus is on achieving the best outcome
act utilitarianism gives flexibility to differing situations - business situations may not be appropriate to have a rule based ethical theory applied
Bentham's hedonist utilitarianism is reflective of the motives of consumers
utilitarianism depersonalises issues (Mill's competent judge) - avoids bias - issues can be looked at objectively
flawed view
act utilitarianism - time consuming in the fast paced business world - complicated + lengthy
utilitarianism has no concept of rights + doesn't value justice - would allow unethical practices to reach an end
not clear that the objectivity + impartiality utilitarianism promises can be achieved - ideas of pleasure + pain is often subjective
'goods' - too broad - could mean environmental benefits, wage rises + better working conditions - not all can be immediately achieved.
good ethics is good business