Ethical issues

Ethical issues
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Ethics is the branch of philosophy that deals with meaning of many aspects that concern human behavior. Normative ethics – sometimes referred to as theoretical ethics, is discovering and discerning right and wrong. It is concerned with how we develop principles that we use to guide meaningful decision-making. This type of ethics is remarkably intelligent and rational in nature. It is the reflection of how human behavior considers what is wrong, just or unjust and good or bad.
In business, ethics is quite practical. Business ethics would be best understood as applied ethics – applying the value of human behavior, relationships and the meaning resulting as a discipline. In other words, it is the practice of the discipline in the field of enterprise of wealth creation, which is the basic role of business.
Business ethics are viewed in three ways, the personal, professional and corporate ethics. The three are interrelated even though they are based on slightly different principles. Therefore, in totality, business ethics will be looked at from three different perspectives, the personal perspective, the professional perspective and the large scale of the corporate perspective.
Since ethics is fundamentally a discipline, the business managerial is also engaged in the discipline whether consciously or unconsciously. In this paper, we will look at two of the four ethical approaches that are used for making meaningful decisions: Utilitarian ethics and Deontological ethics the first being outcome based and the latter is duty based. The two approaches have distinctive ways of raising and solving...