Mgmt study material created compiled by commander rk singh. The four main branches of ethics include descriptive ethics, normative ethics, meta ethics and applied ethics. The 2015 code of ethics for nurses with interpretive. The occasional paper series 3 involves relentless debates about deontological and consequential ethics, i call universal ethics. Definition of ethics 1 the discipline of dealing with what is good and bad, with moral duty and obligation a set of moral principles or values the principle of conduct governing an individual or group websters ninth new collegiate dictionary. The label lends itself most directly to a core set of questions about how individuals. It is ethics, the teaching of the fundamental principle morality.
Our code of ethics and business conduct wells fargo. Ethics and integrity are as critical as ever to our work to build a better bank for all of our stakeholders. It attempts to develop a set of rules governing human conduct, or a set of norms for action normative ethical theories are usually split into three main categories. Descriptive ethics deals with what people actually believe or made to believe to be right or wrong, and accordingly. A recent return of virtue ethics since the 1960s has created a surfeit of apologists for this onceoverlooked branch of ethics and given rise to the doctrine of neoaristotelian and neosocratic ethics. It translates core values into specific commitments and expected behaviours in relation to. In this lecture pawan saini have discussed about different branches of ethics. Complying with the code is part of the terms and conditions of our employment with the torontodominion bank. Employees include any directors, permanent staff, fixed term contractors on our payroll, seconded staff, temporary workers and consultants not on.
Ethics is the systematic philosophical study of morality. Topic gateway series business ethics 3 definition business ethics is defined by the ibe as the application of ethical values to business behaviour. The code of ethics is a principlebased code, applicable to all nedbank employees and the guidelines, rules, processes and relevant examples attached to this code can be found in the code of conduct. Business ethics consists of a set of moral principles and values jones parker bos, 2005. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Direct selling association code of ethics 4 under the code using prevailing legal standards as a guide. Introduction to ethical studies an open source reader lee archie john g. One of the most practical applications for the study of philosophy is in the field of ethics.
To simply put, it concerned with questions about what whether or not morality exists, and what it consists of if it does. Businesses should be fair, humane, efficient and dynamic to offer certain benefits to consumers. Corporate governance and business ethics renu nainawat1 and ravi meena2 1j. It is ethics applied in conduct of business activity. Metaethics it consists in the attempt to answer the fundamental philosophical questions about the nature of ethical theory itself. Ethics is further characterized as both a field of study concerned with moral.
It is an expression of nursings own understanding of its commitment to society. There is, however, one branch of knowledge which behind. Applied ethics is a field of ethics that deals with ethical questions in many fields such as technical, legal, business and medical ethics preston, 1997. Morals are described by the same dictionary as being concerned with the distinction between. What is ethical in other walks of life is ethical in business and. Compliance with any particular law, regulation or dsa code of ethics provision is not a defense to a determination by the administrator that a practice is deceptive, unlawful or unethical. The medical profession, legal profession, accounting profession and countless others maintain individual codes of conduct that guide the manner in which those pro fessionals should behave. Behavioral ethics is an emerging field that takes an empirical, social scientific approach to the study of business ethics. Guest editors introduction on understanding ethical. This unit provides an introduction to the study of ethics and a brief overview of some of the main branches of philosophical thought about ethics. After hobbes, english and german schools of ethics have been differentiated.
Normative ethics or prescriptive ethics is the branch of ethics concerned with establishing how things should or ought to be, how to value them, which things are good or bad, and which actions are right or wrong. Draw up a code of ethics a code of ethics is the main tool for implementing an ethics policy. Unit 1 nature and scope of ethics nature and scope of. Perhaps you ask yourself why we speak of ethics rather than morals. Secondly, in the language of moral philosophers, moral law includes not only general and abstract rules of action e. Accept the principle of service first and profit next.
As should be obvious, the first deals with the content of various moral theories. Business ethics mehrdad salehi, mojtaba saeidinia, mohammadreza aghaei management and science university, malaysia abstract business ethics being part of the larger social ethics, always been affected by the ethics of the era. According to garner and rosen, it worried about question such as. Professional and ethical compliance code for behavior analysts. Building on this and other sources cited in the book, the authors strive to expand the humanistic and clinically oriented approach to addiction ethics to a host of new stakeholders and issues that have arisen since the earlier volume was published. Introduction to ethics in the world today, we are in the throes of a giant ethical leap that is essentially embracing all of humankind donahue, 1996, p.
The question is legitimate since, despite the present popularity of the term ethics, fundamentally, it is a question of morals. The meaning of academic honesty and how to uphold it. The three main branches of the philosophical study of ethics 1. Business ethics wayne norman business ethics is a concise, but in many ways misleading, label for an interdisciplinary field covering a vast range of normative issues in the world of commerce. Along with it some branches like descriptive ethics, meta ethics and normative ethics are discussed in detailed with examples. The code of ethics and business conduct is an extension of our. Descriptive ethics is concerned with the way things are. Ethics and morality category institut philosophie tu darmstadt. Guest editors introduction on understanding ethical behavior and decision making. The definition of business ethics by lynn fountain, cpa, cgma, fountain grc llc e thics has its place in nearly all professional disciplines. According to peter drucker, there neither is a separate ethics of business nor is one needed. The three main branches of the philosophical study of. Ethics by branch doctrine the basics of philosophy. My theory postulates that we each have a selfconcept.
Business ethics and corporate governance it is thus that man, who can subsist only in society, was fitted by nature to that situation for which he was made. A system of ethics worthy of the present scientific revival, which would take advantage of all the recent acquisition reconstituting the. This type of ethics is known by two logical methods. Unit 1 nature and scope of ethics nature and scope of ethics. There are numerous approaches for addressing ethics. All the members of human society stand in need of each others assistance, and are likewise exposed to mutual injuries. The code of conduct and ethics code establishes the standards that govern the way we deal with each other, our customers, shareholders, governments, regulators, suppliers, competitors, the media and the public at large. Criminal conflict of interest statutes of general applicability to all employees, 18 u. Philosophers today usually divide ethical theories into three general subject areas. Ethics is one of the major branches of philosophy and an ethical theory is part and parcel of all philosophies broadly conceived. Where the necessary assistance is reciprocally afforded. Consequentialism, as the name suggests, encourages actions based solely upon the consequences of the actions. The list of the greatest ethical theorists includes classic authors such as plato, aristotle, aquinas, hobbes, kant, nietzsche as well as the more recent contributions of g.
Comments are not mandatory parts of the code, but provide examples and. Business ethics are not different from ethics in normal sense. Without any pretense of comprehensiveness, i try to describe it in this volume as living. Ethics and bioethics, a new discipline which has developed in recent years, can nourish our critical thinking and orient our judgement. Consequentialist theories on the other hand determine the value of an action on the grounds of a costbenefit analysis of its consequences. Where i would differ from dr harphams argument just slightly is that the key question seems to me not who is doing ethics or what ethics is but where ethics is being done and for whom it is being done. Ethics, as a philosophical discipline, was first structured and systematized in ancient greece, most particularly by aristotle. As well as introducing the central ideas that relate to environmental and development ethics and how these two areas of ethical study interare related, this unit shows why ethics as a discipline can. The three branches are metaethics, normative ethics sometimes referred to as ethical theory, and applied ethics. The code of ethics and professional conduct is divided into sections that contain standards of conduct which are aligned with the four values that were identified as most important to the project management community. Views through a new lens preface the system of ethics guiding the discussion, the dialogue, in these pages, is based upon the analysis and clarification of concepts which i believe is a central concern of philosophy.
Applied ethics is the actual application of ethical theory for the purpose of choosing an ethical action in a given issue, usually divided into various field. If the positive consequences outweigh the negative ones then the action is morally proper. Adjust your business activities as per the demands. At dissimilar times of the world, people, particularly leaders of. Life is duhkha universal suffering the truth of duhkha, found in every aspect of conditioned existence. Request the fulltext directly from the author on researchgate. Higher education many goals with no single focus prepares students for work as a professional provides economic opportunities attempts to inculcate values, general knowledge and character provides specialized skills provokes young people to look at the world a new, more complex way today, the new igeneration students stand at the crossroads of a. Introduction the christian life is a rich journey, and it is not easy to describe. Nursingworld code of ethics it is the professions nonnegotiable ethical standard.