By Damian Grace, Stephen Cohen
Business Ethics 4e examines the more and more topical topic of industrial ethics, and the way enterprise should still function whereas upholding societys expanding call for for moral and social accountability. This e-book can be precious to scholars taking a company measure. It examines not just what ethics are but in addition how they relate to varied universal company events, illustrated via up to date case reports and present examples.
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It would at the very least be prudential, then, for business to heed well the call of ethics. 40 There are different types of moral pluralism, and different writers have suggested different approaches. The general idea, however, is that there is no single moral theory or principle that should be accepted as preferable to others. Rather, there are different, diverse and even mutually inconsistent ethical positions that should be recognised, and there is not necessarily any single moral principle or set of principles that everyone should accept, either because they are true or because they are preferable in some other respect.
2. Self-preservation via socially created, institutional coincidence Sometimes, doing the ethical thing will be the best thing to do for the sake of selfinterest, but not because the ethical thing straightforwardly coincides with the best business decision. Rather—given the community’s or society’s interest in avoiding certain kinds of business conduct (or, more exceptionally, in fostering certain kinds of conduct)—if the business itself does not regulate its behaviour accordingly, then either the business itself or a particular mode of business activity will be made the subject of external regulation or will fall foul of already existing external regulation.
On the same assumption, would it have been a sound business decision—in the sense of enhancing the bottom line—to allow production to continue? Yes, of course. b. An Ok Tedi story. Assume that in the early days, when the water contamination from BHP’s Papua New Guinean mine at Ok Tedi was discovered by, and affected, just a few isolated people, it was possible to ‘resolve’ the entire matter by annihilating a few families—no one else would ever know. Considering only the benefits for business, this would have been the course of action to take.