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1
BUSINESS ETHICS
Until the 70s there had been very few measures KEY TERMS
in place for workers. Corporate social responsibility - belief
- Dismissed unfairly, low wages no holiday) that an organisation has responsibility in
its conduct and to wider community.
Then there was the Equal Pay Act (= treatment of Stakeholders- group affected by activities
workers) of an organisation.
- Trade unions to uphold workers’ rights
CORPORATE SCOIAL RESPONSIBILITY
Individuals are always part of a larger community of people who have some level of duty of
care to one another. There are many Stakeholders that are affected by the way in which
organisation conduct themselves.
How Can Something So Small Fracture Sammy’s Ribs
Seven principles of Good business :
Human dignity( we are all in the image of God)
Common good (allows everyone to develop, individually/communally)
Sustainability (duty to future generations)
Solidarity (all dependent one another not just everyman for themselves)
Fraternity (trust + honesty)
Subsidiarity (helps make best decision)
Reciprocity (lowest level of justice- giving whats due)
R.C SOLOMON argues that it is not much to expect from businesses to be ethical
UTILITIRIANISM KANTIANISM
Supporters of Free market economy with Shopkeeper should be doing the right thing
very little gov intervention- only to uphold as it is the good thing to do.
contracts and regulate measures.
They are not honest cuz its good for
Good for free market but not necessarily business but cuz it’s the right thing to do.
about maximum profit which may be bad.
They should be be working hard not to just
If the good is good for everyone then it be good but to work within the law.
should be the incentive to make all To treat consumers just as profit is
stakeholders feel good. regarding them as less persons (WILLIAM
TEMPLE)
Good for stakeholders may not always be
good, as this could be cutting goods which Sometimes it is in the interest of the
isn’t good for child labourers etc. shopkeeper to also think about
dependents. It cannot serve every
customer perfectly
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