Ethics means the principle of used by human well-being as a guideline for making a good of an ethical in organization and others. Ethics also are refers to the certain of values, and rules to carry their lives in kindly (Ethical Society, 2002).The values of principle are such as honest, keep promise, showing loyalty, being fair, respect each other’s, caring and being responsible with citizen at country. These values are ethical that are underlying for the individual values. Other than that, most of people have learned the norms of ethical at variety of place. For example is at home, at school, at mosque, or other social environment in the country. Ethical norm are very important for all people to make a good sense when communicate with other people. The people must care their attitude from a bad attitude to growth as they will to be a matured (David B. Resnik, 2011).
The aim of ethics is to identify both the rules that the people’s behavior should be taken.According to Jeff Landauer (2001), ethics is very important and the requirements for human to life. Without the ethical, the actions of people could not achieve the goals because they do not have a right way towards goals respectively. However, an ethical values also may be unable to achieved our goals with successful.Most of people are agree that the values of ethical are admirable guidelines for behavior. Ethics are become complicated with other over values such as the problem situation, or an opportunity in which an individual must choose for several actions either the moral are right or wrong.
Another way of defining the means of ethics is focuses on disciplines such as philosophy, theology, law, psychology or sociology. There are many of different type of disciplines, i...
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...dman/> [4 July 2014].
10. Slide Share (2010). ‘Ethics’. [Online] available from [4 July 2014].
11. I. Watson, P. Prevos (2009). ‘Milton Friedman on Social Corporate Responsibility’. [Online] available from [5 July 2014].
12. Mohamed A. Hassan (2014). ‘Ethical Perspectives Friedman vs. Drucker, Murphy’. [Online] available from [5 July 2014].
13. Joel Makower (2006). ‘Milton Friedman and the Social Responsibility of Business’. [Online] available from [6 July 2014].
14. Wise Geek (2003). ‘What is Business Ethics?’ [Online] available from [6 July 2014].
Ethics refers to a system of moral standards that guide the decision for human conduct of what is right and wrong based on everyday life situations, usually in terms rights, obligations, benefits, fairness, or virtue. Ethics is used as a formal guideline for conducting business in order to minimize pain to the greater number of people as a whole. The principles of ethics come from the knowledge and understanding of the word of God, the Bible. It tells us how we ought to think and behave toward one another considering first, how we want to be treated. For instance, we have the right to freedom of speech as long as we don’t insult the integrity of others. In addition, God gives us examples for how make right decisions and warns of those to avoid. Knowing this, that if we have love in our hearts first, for our heavenly father then we’ll have compassion for our fellow mankind to behave ethically.
According to Milton Friedman the doctrine of "social responsibility" in business is just a result of the political mechanism. By saying "there is one and only one social responsibility of business–to use it resources and engage in activities designed to increase its profits so long as it stays within the rules
What is ethics? Ethics are the philosophical principles of good verses bad moral behavior. It is a guideline to help people make decisions or make a judgment calls. There are two main types of ethical principles that will be discussed in this paper, and how they are applied to the decision making process. They are Deontological and Utilitarian. Deontological ethics are based on the righteousness or wrongness of the action-taking place. It does not base itself on the bad or good consequences that come from the action. Immanuel Kant introduced deontological ethics in the 18th century. Kant believed that every decision or action made by a person had to be evaluated by his or her moral duty. He stated that humanity shouldn’t side on its
Wagner-Tsukamoto, S. 2007. Moral agency, profits and the firm: Economic revisions to the Friedman theorem. Journal of Business Ethics, 70, 209–220.
Ethics are the set beliefs and values of an individual which they apply to circumstances relating to morality. To act in an ‘ethical’ manner, an individual must display integrity by doing what they believe to be right.
Ethics are moral principles that can be used to help guide peoples decisions. We are all different and therefore our beliefs and opinions differ. There are many ethical theories, and according to Panza and Potthast (n.d.) the following are some that are widely used. Virtue ethics is one theory which states that personality is the most important thing. Living an ethical life, acting right, requires that one develops and demonstrates the quality of courage, compassion, wisdom, and temperance. It also requires that greed, jealousy, and selfishness is avoided. Utilitarianism states that the amount of happiness and suffering created by a person’s actions is what matters the most. As a result, acting rightly includes maximizing the amount of happiness and minimizing the amount of suffering around you. At times you may need to break some of the traditional moral rules to achieve such an outcome. Kantianism is another theory which highlights the principles behind actions rather than an actions results. It states that it requires to be motivated by good principles that treats everyone with respect. If you’re motivated by good principles, you overcome your animal instinct and act ethically. Another ethical theory is the Contract theory, which suggest that ethics should be thought of as terms of agreements between people. It suggests that doing the right thing means obeying agreements set by members rather than those of society. For this theory ethics isn’t necessarily about character, consequences, or principles. The last theory I’m going to mention is Care ethics. Care ethics focuses on ethical attention on relationships before other factors. As a result, acting rightly involves building, strengthening, and maintaining strong relationship...
Ethics plays a very important role in one social system and basically on how the people will make their actions or decide on a particular thing on whether it is the right or the wrong thing. Ethical consideration is very important. It helps a person or a group of person understands whether the actions are right or wrong. Ethics is a very critical factor most especially when considering where the ethical standards are to applied. Aside from it, weighing results of actions or decision is also another major concern because of the fact that a person has critically analyze whose side is needed to satisfied. There are instances that moral obligations are also considered, in which moral is defined as a universal accepted personal human behavior that allows a person to decide whether an action or decision is good or bad.
Friedman’s views are that business’ main responsibility is to maximize shareholders wealth and that in doing so, they are being socially responsible. He also contends that corporations are not people and therefore they cannot be responsible for social issues.
The field of ethics (or moral philosophy) involves systematizing, defending, and recommending concepts of right and wrong behavior (Fieser, 2009). Many of the decisions one faces in a typical day could result in a multitude of outcomes. At times it can be hard to determine whether or not the decision you are making is an ethical one. Many philosophies have been devised to illustrate the different ways of evaluating moral decisions. Normative ethics focuses on assessing right and wrong behavior. This may involve reinforcing positive habits, duties we should follow, or the consequences of our behavior (Fieser, 2009). Of the many normative philosophies two stand out to be most accepted; teleology and deontology. Although they oppose each other in how actions are evaluated, they uphold many similar characteristics under the surface.
First thing let us start with a little overview of what Milton Friedman exposed in his article. It seems that the whole point of his essay revolves around one basic statement which clearly says that the only social responsibility of business is to use its resources and engage in activities designed to increase its profits so long it stays within the rules of the game (Milton Friedman, the social responsibility of business is to increase profit).
[1] Ethics is defined as “the code of moral principles and values that governs the behaviour of a person or a group with respect to what is right or wrong” (Samson and Daft, 2005, p.158)
Friedman, M. “A Friedman Doctrine – The Social Responsibility of Business is to increase Its Profits”, The New York Times Publications, September 13, 1970
Ethics are moral principles or values that govern the conduct of an individual or a group.It is not a burden to bear, but a prudent and effective guide which furthers life and success. Ethics are important not only in business but in academics and society as well because it is an essential part of the foundation on which a civilized society is built.
Ethics is a system of moral principles and a branch of philosophy which defines what is acceptable for both individuals and society. It is a philosophy that covers a whole range of things that have an importance in everyday situations. Ethics are vital in everyones lives, it includes human values, and how to have a good life, our rights and responsibilities, moral decisions what is right and wrong, good and bad. Moral principles affect how people make decisions and lead their lives (BBC, 2013). There are many different beliefs about were ethics come from. These consist of; God and Religion, human conscience, the example of good human beings and a huge desire for the best for people in each unique situation, and political power (BBC, 2013).
Ethics is all about the right or wrong behavior in appropriate circumstances. It depends on certain assumption, such the right behavior of self-rule and the right behavior to life. Ethics are divided into two: