Buisness Ethics Flashcards
What is the name of the papal encyclical that promoted workers rights
Rerum Novarum
Who stated that “the business of businesses is business” + what does it mean
freidman
—> all that matters is the bottom line
What is corporate social responsibility
The belief that an organisation has ethical responsibilities in its conduct and to the community
What aspect of society did Aristotles ethical theory focus on
Community
What is “a blueprint for better business”
Cardinal Nichols’ 7 recommendation’s for good business in the modern age
What is Solomon’s argument
A business can act morally and be successful
Which scholars supported a free market
Mill and bentham
Why is utilitarianism a bad system for business ethics
- No clear definition of good
—> Could allow child labour for greater happiness - Absence of natural rights
Why is Kantianism an effective moral system for business ethics
(Second form of the categorical imperative)
- ensures workers rights
- Buyers aren’t used as a means to an end
—> no manipulation of the market to maximise profit
Why is Loyalty an issue when it comes to whistle blowing
Loyalty matters for building the relationships that are the social glue of organisations
—> part of Aristotles civic friendship
Kantian on whistleblowing
we must do our duty (which includes loyalty)
—> however corruption / cover-ups are also not univeralisable
Utilitarian on whistleblowing
Would ask whether the greater good is served by allowing said corruption
Arendt on whistleblowing
Not possible in totalitarian states like Nazi-germany
—> results in ‘Group think’
2 Example of whistleblowing cases
- Wigand - cigarette whistleblower
- Julian Assange + chelsea manning
What is globalisation
The movement of economic and cultural movements across boundaries
