Moral philosophy in the business world

Under deontology, an act may be considered right even if the act produces a bad consequence, [35] if it follows the rule or moral law. According to the deontological view, people have a duty to act in a way that does those things that are inherently good as acts "truth-telling" for exampleor follow an objectively obligatory rule as in rule utilitarianism.

Moral philosophy in the business world

It can be the source of Moral philosophy in the business world nourishment, transformation, inspiration, and tranquility. It can also provide a source of anxiety, depression, pain, discomfort, stress, and discontent. Vietnamese Buddhist Monk Thich Nhat Hahn contends that the choices people make can determine the amount of joy and happiness they create in their home or at work Hanh, Morality and moral reasoning play a pivotal role in the kinds of choices individuals make as well.

Leaders, for example, rely on their principles or philosophies to help them decide what behavior is acceptable when making the most effective decisions in the workplace. This research centers on the role ethical and moral philosophies play in the decision-making process for business leaders.

It will examine how moral philosophies are applied to affect behavior and illustrate how these values affect outcomes. In addition, the study will provide examples of corporations and the strategies they implement to shape moral philosophies into their culture and codes of conduct.

These findings will deduce that ethical and moral philosophies influence the behavior of a leader in the decision-making process because they help them: A Closer Look at Ethics and Morality Moral Philosophy Defined Moral philosophies influence behavior because for one thing, everyone has an opinion about something.

In other words, human beings make judgments and evaluations constantly. It is part of human nature. When the topic of philosophy is discussed, however, most people refer to it as the general set of values they accept.

However, moral philosophy applies to specific regulations and principles that people follow to determine correct and incorrect behavior.

Moral philosophy in the business world

It also offers an explanation and justification as to why things happen. Kurzynski points out that ancient Greek philosopher Aristotle BCE was one of the most significant principal figures of philosophical thought and considered a great, if not the greatest, thinker of his era.

He was instrumental in asking questions that made people ponder character development, integrity, personal responsibility, and empathy towards others Kurzynski, In short, he made important contributions to society by providing insight into human behavior.

This in turn helped individuals to identify the constructs of what makes life worth living. Leaders that do not adhere to moral and ethical behavior justify their misconduct as a viable means to achieve the end goal.

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This kind of leader does so without taking into consideration the short or long term repercussions, as witnessed in the Enron scandal. This occurs because moral judgments differ.

People judge behavior, omissions, and also form opinions on other people in general. For example, a person might consider someone a shady character based on the kind of garments they donned. This kind of judgment, however, tends to lead to inaccurate conclusions. By asking these and other pertinent questions, leaders can help ascertain the most logical course of action that will achieve the highest benefits.

For example, an individual with a teleological philosophy performs as a situationist that advocates setting goals for the best possible consequences regardless of moral tenets. A leader who acts from a virtue ethics philosophy is a subjectivist, on the other hand, and may veto moral guidelines and core judgments based on personal principles and practical concerns, whereas an individual that follows a utilitarian philosophy is an absolutist that assumes their actions are ethical, contingent upon yielding positive outcomes that conform to moral rules Forsyth, Integrating Moral Philosophies in Business Employers that integrate moral philosophies into their business practice look for more effective ways to achieve win-win solutions.

According to Mobleythe upsurge in restructuring and the downsizing of organizations has limited professional advancement opportunities for employees. As a result, job security, fair wages, decent working conditions, and equitable treatment are now concerns that managers face.

These dilemmas force leaders to manage the ethical implications of these changes. Most are inadequate because they lack the skills and tools to help employees transit. Studies indicate that education plays a significant role.Embracing the moral importance of these ordinary dilemmas, some ethicists have posited a bottom-up perspective of ethical decision making that places these “mundane,” ordinary human interactions at the very heart of moral philosophy.

Immanuel Kant (–) is the central figure in modern philosophy. He synthesized early modern rationalism and empiricism, set the terms for much of nineteenth and twentieth century philosophy, and continues to exercise a significant influence today in metaphysics, epistemology, ethics, political philosophy, aesthetics, and other fields.

Moral philosophy can also be applied in the realm of business ethics to help determine and define how the organization is viewed by the rest of the business community and the community in which the business is located. Moral Realism.

Printfriendly Under deontology, an act may be considered right even if the act produces a bad consequence, [35] if it follows the rule or moral law.
An encyclopedia of philosophy articles written by professional philosophers. Applying moral philosophy to business ethics is no simple task, especially in the global marketplace where notions of right and wrong mean different things for different cultures. Organizational Culture Business ethics is simply the extension of moral philosophy into the practical questions it poses in the business world.

The moral realist contends that there are moral facts, so moral realism is a thesis in ontology, the study of what is.

The ontological category “moral facts” includes both the descriptive moral judgment that is allegedly true of an individual, such as, “Sam is morally good,” and the descriptive moral judgment that is allegedly true for all individuals such as, “Lying.

Since the 's Western society, hitherto Christian in foundation, has come under the influence of a school of moral theology known as Consequentialism. Moral Relativism. Moral relativism is the view that moral judgments are true or false only relative to some particular standpoint (for instance, that of a culture or a historical period) and that no standpoint is uniquely privileged over all others.

It has often been associated with other claims about morality: notably, the thesis that different cultures often exhibit radically different moral.

Special Report on Business Ethics: Moral Philosophy - [email protected]