2 (2015), Universalism and Utilitarianism: An Evaluation of Two Popular Moral Theories in Business Decision Making. In addition, we are sometimes faced with the question, Who has the moral authority to punish to pay compensation to whom? Still, as with the other principles discussed here, justice stands as a necessary and invaluable building block of democracies and freedom. The Journal of Values-Based Leadership - Valparaiso Society and Business Anthology by Various Authors is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted. Virtue ethics is based on character traits such as being truthful, practical wisdom, happiness, flourishing, and well-being. Spheres of human value encompass morality, aesthetic preference, human traits, human endeavour, and social order.Whether universal values exist is an unproven conjecture of moral philosophy and cultural anthropology, though it is clear that certain values are <>/Border[0 0 0]/Contents( T h e J o u r n a l o f V a l u e s - B a s e d \n L e a d e r s h i p)/Rect[72.0 650.625 358.3672 669.375]/StructParent 1/Subtype/Link/Type/Annot>> Corruption appears to exist everywhere, so it would seem to require a persistent and consistent answer everywhere. At the core of Toms' model exists the idea of charity. Recent Governance Reforms: An Executive Summary, 13. (3) Who gets hurt? This means we must hold ourselvesand one anotheraccountable to our values and to creating an open and inclusive workplace. GRILL3BB. In the United States, companies spend more than $70 billion annually on ethics training; worldwide, the figure is more than double that.30 are not subject to the Creative Commons license and may not be reproduced without the prior and express written WebBusiness ethics exists on three levels: the individual, the organizational, and the societal. Business Ethics In fact, John Mackey, the founder of Whole Foods, has said that love has been the basis of his success in business, which translates into care and concern for customers beyond profit and for workers beyond productivity (Figure 5.8).39, Recall the statement by IBM quoted earlier in the chapter: [IBM] remain[s] dedicated to leading the world into a more prosperous and progressive future; to creating a world that is fairer, more diverse, more tolerant, more just.40.
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