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Individual Factors: Moral Philosophies and Values

This chapter discusses how moral philosophies and individual values influence ethical decision making in business. It covers teleological, deontological, virtue, and justice perspectives of moral philosophy. The chapter also examines cognitive moral development stages, white-collar crime, and the role of individual factors in business ethics. Key topics include comparing moral philosophy approaches, applying them to decisions, and how corporate culture can impact ethics more than personal values.

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114 views11 pages

Individual Factors: Moral Philosophies and Values

This chapter discusses how moral philosophies and individual values influence ethical decision making in business. It covers teleological, deontological, virtue, and justice perspectives of moral philosophy. The chapter also examines cognitive moral development stages, white-collar crime, and the role of individual factors in business ethics. Key topics include comparing moral philosophy approaches, applying them to decisions, and how corporate culture can impact ethics more than personal values.

Uploaded by

meochip21
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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CHAPTER 6

Individual Factors: Moral


Philosophies and Values

Chapter Objectives
To understand how moral philosophies and values
influence individual and group ethical decision
making in business
To compare and contrast the teleological,
deontological, virtue, and justice perspectives of
moral philosophy
To discuss the impact of philosophies on business
ethics

Chapter Objectives (cont.)


To recognize the stages of cognitive moral
development and its shortcomings
To introduce white-collar crime as it relates to moral
philosophies, values, and corporate culture

Chapter Outline
Moral Philosophy Defined
Moral Philosophies
Applying Moral Philosophy to Ethical Decision
Making
Cognitive Moral Development
White-Collar Crime
The Role of Individual Factors in Business Ethics

Moral Philosophy
Principles or rules that people use to decide what is
right or wrong
No single moral philosophy is accepted by everyone
Moral Philosophy Defined
Economic value orientation
Idealism
Realism

Moral Philosophy Perspectives

Teleology
Deontology
The Relativist Perspective
Virtue Ethics
Justice Perspectives

Goodness Theories
Basic concepts
Monists
Pluralists
Instrumentalists

Moral Philosophy and Ethical Decision


Making

Individuals use different moral philosophies


depending on whether they are making a personal
or making a work-related decision

Kohlbergs Model of Cognitive Moral


Development
Consists of six stages:
1. Punishment and obedience
2. Individual instrumental purpose and exchange
3. Mutual interpersonal expectations, relationships,
and conformity
4. Social system and conscience maintenance
5. Prior rights, social contract or utility
6. Universal ethical principles

White Collar Crime

Crimes of the suite do more damage in


monetary and emotional loss in one year than the
crimes of the street over several years
combined
The presence of technology has aided WCC

Individual Factors

Most business managers do not embrace extreme


philosophies
A personal moral compass is not sufficient to
prevent ethical misconduct in an organizational
context
The corporate culture and the rewards for meeting
performance goals are the most important drivers
of ethical decision making
Equipping employees with skills that allow them to
understand/resolve ethical dilemmas will help them
make the right decisions

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