Professional Documents
Culture Documents
Chapter 8
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Principles of
Ethical Conduct
There are dozens, if not hundreds, of
ethical principles in the philosophical and
religious traditions of East and West.
The following 14 principles are fundamental
guides or rules for behavior.
These principles distill basic wisdom that
spans 2,000 years of ethical thought.
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The Might-Equals-Right
Ethic
Origination: Thracymachus
Basic premise: Justice is the interest
of the stronger.
Criticism:
Confusion of ethics with force.
Invites retaliation and censure, and is not
conducive to long-term advantage.
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The Principle of
Equal Freedom
Origination: Herbert Spencer
Basic premise: A person has the right
to freedom of action unless such
action deprives another person of a
proper freedom.
Criticism: Lacks a tie breaker for
situations in which two rights conflict.
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Character Development
Character development is a source of
ethical behavior separate from the use of
principles reasoning.
The theory that character development is
the wellspring of ethical behavior can be
called the virtue ethic.
Aristotle believed that by their nature ethical
decisions require choice, and we build
virtue, or ethical character, by habitually
making the right choices.
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Concluding Observations
There are many paths to ethical
behavior.
Not all managers appreciate the
repertoire of principles and ideas that
exist to resolve the ethical problems of
business life.
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