Introducing
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
Straw men approaches offer inappropriate guidelines for ethical decision making in a multinational enterprise
Justice theories focus on the attainment of a just distribution of economic goods and services
There are four common straw men approaches:
The Friedman doctrine suggests that the only social responsibility of business is to increase profits, so long as the company stays within the rules of law
A just distribution is one that is considered fair and equitable
One theory of justice that is particularly important was proposed by John Rawls who argued that all economic goods and services should be distributed equally except when an unequal distribution would work to everyone’s advantage
The study of the fundamental nature of knowledge, reality, and existence, especially when considered as an academic discipline
Moral principles that govern a person's behavior or the conducting of an activity
According to Rawls, impartiality is guaranteed by the veil of ignorance (everyone is imagined to be ignorant of all his or her particular characteristics)
There are several different approaches to business ethics
Cultural Relativism argues that ethics are culturally determined and that firms should adopt the ethics of the cultures in which they operate, or in other words, “when in Rome, do as the Romans do”
The Righteous Moralist approach claims that a multinational’s home country standards of ethics should be followed in foreign countries
The Naïve Immoralist asserts that if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation, that manager should not either
Rights Theories recognize that human beings have fundamental rights and privileges which transcend national boundaries and cultures
Justice Theories
When these conditions exist:
Utilitarian approaches to ethics hold that the moral worth of actions or practices is determined by their consequences
Kantian ethics are based on the philosophy of Immanuel Kant who argued that people should be treated as ends and never purely as means to the ends of others
Shaheer Hassan Ashraf
Reg#013