Make a synthesis on the topic "Business Ethics"

Reference Material:

Module 9 Applied Ethics: Business Ethics Objectives: Iconscout.com To examine the importance of Business Ethics and to be aware of the different moral issues in ISSUES IN BUSINESS ETHICS the business setting 1.SYSTEMIC ISSUES- questions about the morality of capitalism or laws within which Business- human activity concerned business operates with making and selling goods and a. Morality of Capitalism- CAPITALISM: minimal services for the sake of making a profit government control -exploitation of workers -harmful products and services Business Ethics- a study of moral b. Doing Business in a Global Economy- difference standards and how these apply to the in laws, cultures, economic conditions social systems and organizations through 2. CORPORATE ISSUES- questions about which modern societies produce and morality of policies of an individual company distribute goods and services, and to the a. Corporate Moral (Social and Environmental) activities of the people who work within Responsibilities- legal persons b. Advertising- association, puffery, mass, these organizations subliminal; manipulative of human autonomy c. Discrimination- gender, sex, age, religion, etc. WHY DOES BUSINESS ETHICS d. Employee Privacy- relevance, consent, method MATTER? 3. INDIVIDUAL ISSUES- questions about the morality of the actions and character of the (+) Moral Feature of Business Acts individual in the business setting a. Conflict of Interest- self- interest may not be the Business acts can be done knowingly and freely best interest for the company -Business can lead to serious human injuries b. Employee Theft- stealing company properties Business can violate moral rights for personal use Business can result in unfair distribution of c. Whistleblowing- the act of reporting a benefits and burdens wrongdoing to an authority or exposing it to the Business can lead to environmental damages public d. Sexual Harassment- unwelcome sexual (-) Objections to Business Ethics: advances, requests for sexual favors, etc. Replies e. Political Tactics- process in which individual or (1) Invisible- Hand Argument groups within an organization use nonformally economic forces are not sufficient sanctioned power tactics to advance their own (2) Legal Argument aims government laws are not sufficient 3) Amorality Argument ***Distributive Theory of Justice -business is not an ordinary game with its own (Social Contract Theory- Rawls) 2 Principles of Justice rules (1) Distribution of Civil Liberties 4) Immorality Argument (2) Distribution of Social and Economic Goods -profit motive is compatible with motives of morality Reference: Evangelista, Francis Julius N. and Mabaquiao, Napoleon M., Jr., Ethics: Theories and Applications, Mandaluyong, Anvil Publishing Inc., 2020