Business Values and Ethics notes

Jul 12th, 2016
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These are notes from bachelor of commerce course in third year

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DBA 302BUSINESS VALUES ANDETHICSByDr. Owino JosephEmail:; 0723625988IntroductionEthics is the branch of philosophy that focuses onmorality and the way in which moral principles areapplied to everyday lifeEthics has to do with fundamental questions such asWhat is fair?What is just?What is the right thing to do in a given situation?Ethics involves an active process of applying values,which may range from religious principles to customsand traditionsThe concept of ethics is a complex one that ispredicated on an interchange of views about theindividual belief systems among the citizens of anycultureThe roots of the term ``ethics'' emanate from theancient Greek word ``ethikos'' meaning ``theauthority of custom and tradition''De George (1999, p. 20) defines ethics as: Asystematic attempt to make sense of our individualand social moral experience, in such a way as todetermine the rules that ought to govern humanconduct, the values worth pursuing, and the charactertraits deserving development in life.Velasquez (1998, p. 11) defines ethics as: . . . theactivity of examining one's moral standards or themoral standards of a society, and asking how thesestandards apply to our lives and whether thesestandards are reasonable or unreasonable . .Ethics can also be viewed as systematic reflections onmoral views and standards (values and norms) andhow one should assess actions, institutions andcharacter t

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