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Ethical and Moral Philosophies in Business

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Ethical and Moral Philosophies in Business

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  1. Ethical and Morel Philosophies in Business http://www.helpinwriting.com/ Presents

  2. Introduction The philosophy of business focuses on philosophical concepts, ethical principles and social responsibility as shown in this presentation Visit http://www.helpinwriting.com/ for more information and help

  3. Philosophical Causes in Business • Formal cause • Material cause • Efficient cause • Final cause Visit http://www.helpinwriting.com/ for more information and help

  4. Influence of Moral Philosophies on Behavior and Decision-Making • They guide ideas that represent general behaviors . • They help in a systematic, defensive analysis, and recommendation of concepts. • People make an evaluative assessment of behavior . • It determines the morality of a business. Visit http://www.helpinwriting.com/ for more information and help

  5. Impact of Moral Philosophies on Global Strategic Planning • Leads to critical analysis as morality differs with regions. • Conflict arises when questions of ethical choice emerge. • Different stakeholders challenge morality of decisions. • Different opinions effect financial performance and business operations. • Managers familiarize themselves with varying societies. Visit http://www.helpinwriting.com/ for more information and help

  6. Integrating Moral Philosophies into Business Practices • A business should conduct a SWOT analysis. • Perception of high morality increase economic performance. • An entity should include a moral concept in value, mission and vision statement. • A business should show efficacy. • An entity should take advantage of opportunities. Visit http://www.helpinwriting.com/ for more information and help

  7. Integrating Moral Philosophies into Business Practices • Corporate Social Responsibility integrates moral philosophies in business practices. • Independent monitoring committee ensures compliance of morality related issues. • Committees should compose of non-employees. • Key stakeholders should be engaged in business operations. • Firms should operate within the legal framework. • Global firms should invest in research and development. Visit http://www.helpinwriting.com/ for more information and help

  8. Case study of the Integrated Moral Philosophy in Decision Making • Nike increased production to meet increased demand. • In the 1990s, it was accused of labor and human rights violations in the developing countries . • This affected Nike’s sales and corporate repute. • Nike audited factories through an independent firm. • Nike responded to save and redeem its name by: Visit http://www.helpinwriting.com/ for more information and help

  9. Case study of the Integrated Moral Philosophy in Decision Making • Rectifying problematic policies • Changing priorities • Ascertaining workers had a safe working environment and competitive wage • Improving Corporate Social Responsibility • Taking part in environmental sustainability • Establishing auditing tools Visit http://www.helpinwriting.com/ for more information and help

  10. Visit http://www.helpinwriting.com/ for more information and help

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