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Summary Professionalism and ethics - Business studies GR 11 IEB summaries/notes CA$6.31   Add to cart
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Summary Professionalism and ethics - Business studies GR 11 IEB summaries/notes

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  • Course
  • Business Studies
  • Institution
  • 11th Grade

This document contains summaries made from " Consumo Business studies textbook" which summarizes ethical theories; professionalism; the aims of the Batho Pele Framework; code of conduct; code of ethics and the importance of corporate governance.

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Document information

  • February 10, 2023
  • 4
  • 2020/2021
  • Summary

Subjects

  • professionalism
  • ethics
  • ethical theories
  • batho pele principles

Written for

  • 11th Grade
  • Business Studies
  • 200
All documents for this subject (164)

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Content preview

Chapter 7
Professionalism & ethics:
Effective business practice >
- It is necessary to identify the core values that are important to the business and ensure those values are
ingrained in everyday business practice.

Ethical theories >
1. Principle – based theory:
• A principle-based theory of ethics = a set of values or rules will determine if an action is ethical or
not.
• Focuses on the importance of general principles such as respect for autonomy, justice etc.


2. Consequence – based theory >
- Judges whether something is right by what its consequences are.
- E.G., If telling a lie would help save a person’s life, consequentialism say it’s the right thing to
do.


3. The utilitarian theory >
➢ Focuses on the outcome/consequence of the action but, states that if the outcome benefits the
majority of the group, the actions are justifiable.


4. Narrative theories >
• Use stories/folklore/organizational culture to illustrate to people what is acceptable behaviour or
not.
• This allows the listener to come to a conclusion about whether the actions are acceptable or not.


5. Virtue – based theory >
- Judges’ person based on their character and reputation.


6. Deontology >
➢ states that if the person upholds his/her obligation towards another person or society, the action
will be ethical.

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