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| − | [[File:Morals-and-ethics.jpg|300px|right]] {{cquote|'''Ethics''' are a system of moral principles... They affect how people make decisions and lead their lives.<br>Ethics is concerned with what is good for individuals and society and is also described as moral philosophy.|author=[http://www.bbc.co.uk/ethics/introduction/intro_1.shtml BBC]}}{{clear}} | + | [[File:Morals-and-ethics.jpg|300px|right]] {{cquote|'''Ethics''' is a system of moral principles... They affect how people make decisions and lead their lives.<br>Ethics is concerned with what is good for individuals and society and is also described as moral philosophy.|author=[http://www.bbc.co.uk/ethics/introduction/intro_1.shtml BBC]}}{{clear}} |
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Revision as of 02:00, 28 November 2018
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Ethics is a system of moral principles... They affect how people make decisions and lead their lives.
Ethics is concerned with what is good for individuals and society and is also described as moral philosophy.
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| —BBC
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How then do ethics differ from business ethics?
- Read Business Law and the Legal Environment: "Chapter 2, Section 1: What Is Ethics?" which gives a concise introduction to ethics and some of the important issues relating to business. It looks at how both individuals and institutions can be viewed as ethical. It also covers how ethics and the law differ and why an ethical reputation can be more important than compliance with the law.
- Read New World Encyclopedia: "Business Ethics" This webpage provides an overview on the way ethics applies to businesses. Don't worry too much about the different theories of ethics that are mentioned - we are more interested in your understanding of how and why ethics are applied in the business world.
- Ethics is the study of:
- how people comply with the law.
- Incorrect. Ethics and the law are different. Try again.
- morality in everyday life, business, and society.
- Correct. Yes, ethics is a system of moral principles.
- codes of behaviour for professionals.
- Incorrect. Although we hope that professionals are ethical, ethics is not a code of behaviour for professionals. Try again.
- applying religion to personal and business life.
- Incorrect. You do not need to be religious to be ethical. Try again.
- That which is legal ...
- is ethical.
- Incorrect. Application of the law may sometimes be unethical. Try again.
- is moral.
- Incorrect. Application of the law may sometimes immoral. Try again.
- may not be ethical.
Quiz items proudly reused from Saylor "BUS205: Business Law and Ethics" licensed under CC-BY 3.0
In your learning journal blog:
- Make notes on what you understand as the main differences between ethics and the law.
- If you are comfortable with doing so, include an example from your own experience and/or your own region in which a business has acted legally but not ethically. What about ethically but not legally?
- Remember to tag or label your post using the course code: IENT102 (This is needed to harvest a link to your blog post in the course feed.)
- Look in the course feed to see what others have written.
