VIEWS ON ETHICS

-

VIEWS ON ETHICS

 

Ethics and morals relate to ‘right’ and ‘wrong’ conduct. Even though they are sometimes used interchangeably, they are different:

Ethics refer to rules provided by an external source, e.g., codes of conduct in workplaces or principles in religions. Morals refer to an individual’s own principles regarding right and wrong.

Ethics are dependent on others for definition. They tend to be consistent within a certain context, but can vary between contexts. Morals are usually consistent, although can change if an individual’s beliefs change.

A person strictly following Ethical Principles may not have any Morals at all. A Moral Person always choose to follow a code of ethics as it has become part of his behavior.

 

Based on the relevance of morality and ethics, different views have been formed. They are Unitarian view, separatist view and integrated view.

 

Unitarian View

Unitarian view argues that morality and ethics are related to business. Here both these terms are considered same to a great extent and parts of the business.

 

Separatist View

The Separatist view expresses that, business should concentrate on profits, and ethics and morality do not form a part of business. This view believes that both ethics and morality are different and separate from business.

 

Integration View

The Integration view defines a new area called business ethics, where ethical behavior and business are integrated. As per this view both morality and ethics are needed in business also. This is where business ethics is formed.


Comments

Post a Comment

Popular posts from this blog

FOUR VIEWS ON CONSUMER DECISION MAKING AND CONSUMER DECISION MAKING MODELS

-
four views on consumer decision making and consumer decIsion making models Decision is the selection of an action from two or more choices. Generally, decision making is regarded as a cognitive process of selecting one from two or more alternative choices; because it is argued that we usually take decisions, after properly evaluating the situations and circumstances. However, there are four different arguments on this. This is known as Four Views on Consumer Decision Making . These are Economic view, Passive view, Cognitive View and Emotional View. The four views explain why individuals behave as they do. The views are also called as Models of consumer decision making. They are Economic Model, Passive Model, Cognitive Model and Emotional Model. Economic Model/ Economic View Economic model is a rational model. As per this view, consumers make decisions in a rational manner, after considering everything about the product. Here, the consumer, examines and evaluates the benef
Read more

SOURCES OF BUSINESS ETHICS

-
SOURCES OF BUSINESS ETHICS   In every society there are three sources of business ethics- Religion, Culture and Law.   Religion: Religion is considered the oldest source of ethical inspiration. These are considered the ethical base of majority of people in the world. It is believed that nearly one lakh religious groups are existing across the whole world, with their own cultural and ethical practices and values. Every religion gives an expression of what is wrong and right in all walks of life including business. However, all of them are in agreement on certain fundamental principles of ethics. The Principle of reciprocity towards one’s fellow beings is found in all the religions. Religions preach the necessity for an orderly social system and emphasize upon social responsibility with an objective to contribute to the general welfare.   Culture: Culture is the set of important understandings that members of a community share in common. It consists of basic set of values
Read more

CONSUMER BUYING MOTIVES

-
CONSUMER BUYING MOTIVES   Why people buy things? One may say other reasons like personal reasons, psychological reasons, social, economic reasons etc. Under consumer behaviour study, all these reasons are together called buying motives. Buying motive is the reason why the consumer purchase goods. Motive is the inner urge which initiates action. It makes the man active and it is the reason why people do things. Thus, for buying action also, there must be motive. The motive behind the buying action, is called buying motive. From where this motive arises? Motive has the primary roots in Needs and it grows through wants and desires and drives to motive. When you reach at Motive you start your action. Thus, Motive becomes the driving force behind the purchase of goods. Motive refers to thoughts, urges, feelings, emotions and drives which make the buyer to react in the form of a decision. According to Prof. D J Duncan, buying motives are those influences or considerations which p
Read more