Business ethics

• What do some ethicist believe the main purpose of business ethics is?


  maximise profits for the owners or its shareholders
• What do other ethicists believes business have to their stakeholders?


  Moral responsibilities
• What are stakeholders 


  Employees, consumers, the local community and society as a whole, also individuals who hold interest in the company
• what is corporate social responsibility

  Businesses have responsibility to the community and the environment. And they have a wider ethical responsibility to all stakeholders. They are not there to make money
• Milton Friedman challenge to CSR 


  Not all about money because the importance of the employees and the social responsibility. One can have both profit and a stable relationship between employee and employer.
• Quote on CSR by Friedman

  " only people can have responsibilities, a corperation is an artificial person."
• What my allow higher wages

  free market
• How do we make a business benefit society?

  make them into public employees not private companies.
• Friedman suggested an acceptance of ______ not Capitalism


  Socialism
• What might CSR involve ?

  motivated by a : Pragmatic approach , a Kantian sense of duty or a religious sense of responsibility.
• What does the pragmatic approach suggest, and by whom ?


  'good ethics is good business' by Adam Smith
• Corporate social responsibility quote?

  ' if it is true that no man is an island, the same is true of an organisation'
• what did the industrial revolution led to

  employment of millions in unhygienic conditions, long hours, pollution and very low wages.
• Did workers during the industrial revolution have rights?

  no
• what did the earl of Shaftesbury sought to improve?

  general working conditions, especially in the child labour area.
• when was the Equal Pay Act put in place 


  1970
• what did the Equal pay Act ensure ?


  equal pay and treatment of men and women doing equivalent work.
• up until 1971 there was virtually no protection of what?


  a worker against unfair dismissal
• what were women dismissed for

  pregnancy and being married
• In what year was The Great Dock Strike

  1889
• Until the great dock strike workers were ?

  very poorly paid and had no guarantee of work
• What was the result of the great dock strike

  trade unions created, parliament became involved and issues of morality of employment were discussed.
• who created pressure for a just settlement

  Frederick Temple and Cardinal Henry Manning
• What encyclial letter did Pope Leo XI publish

  'The Workers' Charters'
• What did the Workers' Charter condemn

  excesses of unbridled Capitalism and materialist communism.
• What did the 'theory of Just Wage' call for

  the setting of wage boards reminding people of social responsibility of government , employers and workers.
• what did Fredrick Temple call for

  Appropriate moral treatment of workers.
• what did the Christian socialist movement create

  co-operative enterprise
• what might critics argue

  shareholders are people, but so are the customers and the workers in the community.
• A contract involve both _____ and ____

  duties and responsibilities
• It is an ethical commonplace to argue what?

  rights entail duties and vice versa
• what might the law be invoked in listing?

  listing of duties and responsibilities, but the language becomes the language of morality.
• Aristotle's view 


  insisted on communal aspects of the ethics
• what was good of an individual according to Aristotle

  it was splendid but that of the community was a whole even greater
• what was the community called for Aristotle

  Polis : small state, bound together by the notion of civic friendship and mutual dependency and service.
• what is most people sense of self-worth tied up with 


  how they define themsleves in relation to their work.
• what does Solomon think if a place of work is treated as polis?

  interacting with other organisations , each with their own culture and needs, then what values that should sustain that organistation.
• what are the seven principles of Cardinal Vincent Nicholas ?

  Human dignity, common Good, solidarity, Subsidiarity, Fraternity, Reciprocity and Sustainability
• What company is against animal testing

  The Body Shop
• what is a good example of an ethical business

  fairtrade