Chap3 4
Chap3 4
Chap3 4
What is philosophy?
Philosophy refer to the general system of values by which people live.
Moral philosophy , on the other hand, refers to the specific principles or values
people use to decide what is right and wrong.
It is important to understand the distinction between moral philosophies and
business ethics.
Moral philosophies are person-specific, while business ethics is based on
decisions made by groups or when carrying out tasks to meet business objectives.
A moral philosophy is a person’s principles and values.
In the context of business, ethics refers to what the group, firm, or organization
defines as right or wrong actions that pertain to its business operations and the
objective of profits, earnings per share, or some other financial measure of success.
Moral Philosophy…