WVES SU1.1

• Existentialism is a school of thought focusing on individual freedom, the creation of meaning, and purpose in life, with philosophers like Søren Kierkegaard, Jean-Paul Sartre, Friedrich Nietzsche, and Martin Heidegger associated with it
• Freedom in capitalism includes economic freedom, self-interest, competition, morality development through engagement with others, and the need for laws, regulations, and codes to ensure justice
• Authenticity is the ability to exist in good faith according to one's meaning creations, not dictated by circumstances or society, with examples like Heidegger's concept of Being-onto-death
• Bad Faith occurs when a person fails to function according to their personal purpose and meaning creation in life, eroding happiness, freedom, and identity
• Facticity refers to external factors impacting our existence, emphasizing that while some circumstances are out of our control, we have the responsibility to deal with them authentically
• Responsibility includes personal and social responsibilities, with examples like legal compliance, financial management, ethical behavior, and philanthropic investment
• Accountability in business ethics requires an account from the agents of action to all stakeholders involved in a situation, emphasizing the interconnected nature of reality and the implicit accountability towards others
• Types of accountability include mandatory compliance enforced by laws and regulations, and voluntary accountability accepting interconnectedness and being sensitive to harm
• Attachment is a strong reciprocal emotional bond between an infant and a primary caregiver
• Schaffer and Emerson's 1964 study on attachment aimed to identify stages of attachment and find a pattern in the development of attachment between infants and parents
• Recognition in society should be inclusive, recognizing all citizens and not excluding or marginalizing others through silencing
• Recognition is important for a healthy identity and harmony in society
• Dialogue is an open and inclusive understanding of meaning creation, involving listening, empathy, and humility
• Listening is a form of recognition of one another and is crucial for understanding and building trust, creativity, and innovation
• Humility, as a virtue, requires self-love and the willingness to be wrong and adjust, essential for active listening and understanding in dialogue
• Fairness is the principle that advances free and equal meaning creation by all members of society without coercion and/or harm
• Fairness can be understood through different dimensions by philosophers like Plato, Aristotle, Mill, Bentham, Marx, and Rawls
• Justice in business involves maintaining social harmony, constructive dialogue leading to change, and fair punishment and distribution of resources
• Corporate citizenship includes securing social, civil, and political rights, such as social rights/positive rights, civil rights/negative rights, and political rights