Business ethics

Major Ethical Philosophies

  • 4000 BCE

    Virtue Ethics

    Virtue Ethics
    Virtue ethics mainly deals with the honesty and morality of a person. It states that practicing good habits such as honesty, generosity makes a moral and virtuous person. It guides a person without specific rules for resolving the ethical complexity.
  • Deontology

    Deontology
    Deontology is a way that people judge the morality of other based on a set of rules. Not only should the individual person have an ethical framework but also business owners, company CEO's, and boards members, because a good frame can shape an entire organization
  • Ethics of Care

    Ethics of Care
    Ethics of care, also called care ethics, feminist philosophical perspective that uses a relational and context-bound approach toward morality and decision making. The term ethics of care refers to ideas concerning both the nature of morality and normative ethical theory.
  • Utilitarianism

    Utilitarianism
    Utilitarianism, in normative ethics, a tradition stemming from the late 18th- and 19th-century English philosophers and economists Jeremy Bentham and John Stuart Mill according to which an action (or type of action) is right if it tends to promote happiness or pleasure and wrong if it tends to produce unhappiness .