By not complying with the duty of serving the owners’ interest a manager would allocate resources artificially and arbitrarily. This spending would be unjust and probably non-optimal, because it is not democratically authorized. Assigning duties other than serving the owners to a non-democratically selected manager would result in abandoning parts of freedom and democratic achievements. Milton Friedman’s shareholder theory of management basically says that the purpose of a business is to make money for the owner or the stockholders of the business. Friedman says that there is only one social responsibility for the business: to use its resources in order to increase its profits as long as the business stats within the rules that are assigned.
EST1 Task 1 A. Evaluate Company Q's current attitude toward social responsibility. The company’s current attitude toward social responsibility isn’t responsible at all. The fact that they are willing to allow food to be threw away that could be given to a food bank illustrates the company’s unethical approach to social responsibility. Placing profits above people isn’t socially responsible but is rather sociopathic and a microcosm of the larger problem that entails the current Capitalistic system that is used across the world.
Ethical language is subjective. Discuss (35) If ethical language is subjective, this means that it is very personal to the person following the ethic or moral belief. This is contrary to ethical language being objective whereby the morals that one holds are not a result of or influenced by personal opinions or feelings, rather a result of a moral theory that lays out a set of morals to act as guidance that one must follow. G. E. Moore, David Hume, R. M Hare, A. J. Ayer and Ludwig Wittgenstein would argue that ethical language is subjective, whereas normative ethicists such as Kant, Bentham, Mill and Aristotle would argue that ethical language is objective. ‘Naturalism’ is the term used to describe the attempt to arrive at a moral system based on observations of human life.
This strategy can be perceived as a form of business bluffing. You’re not lying or deceiving the audience, but rather you’re just not exposing the weakness. If there’s an established trust with your audience, then you don’t necessarily have to give all the details. When it comes to trust there is so much that is unseen. However, if one declines to bluff when conducting business from one deal to another, then he is putting his business transactions at a disadvantage and discounting the opportunities permitted under the business bluffing rules (Carr, 1968, p. 137).
For example, in the case of lying, a deontologist would argue that lying is always wrong, doesn’t matter even if it holds any potential to creating a greater good. While the consequentialist would say that to lie is a wrong thing to do because it would cause negative outcomes as a result, however lying could still be allowed, knowing that it would lead to the creation of a greater good. While as for a virtue-ethicist would care less on just about lying, but focus more on what does the decision say about his/her own traits and character. So here are several features that make the theory of virtue ethics distinctive compared to the other
The answer to this question will vary. Some people are moral realists and hold that moral facts are objective facts that are out there in the world, these people believe that things are good or bad independently of us. Moral values such as goodness and badness are real properties of people in the same way that rough and smooth are properties of physical objects. This view is often referred to as cognitive language. Those who oppose cognitivists are called non cognitivists and they believe that when someone makes a moral statement they are not describing the world, but they are merely expressing their feelings and opinions, they believe that moral statements are not objective therefore they cannot be verified as true or false.
Functionalism has received criticism for neglecting the negative functions of an event, such as divorce. Functionalism does not encourage people to take an active role in changing their social environment, even when such change may benefit them. Instead, functionalism sees active social change as undesirable because the various parts of society will compensate naturally for any problems that may arise. The founder of the functionalist theory is Emile Durkheim. This theory can also be known as the consensus theory; society can also
For example, if it is morally wrong to lie, then everyone should never lie. Even if the consequences of a lie are great, it must not be done. Kant’s theory is cold and unemotional. However, Kant viewed this as the best way to make ethical decisions. Kant’s view uses a categorical imperative, in which ethics is based upon an absolute, objective, deontologcial theory, in which intentions are more important than consequences.
However, it is not only about lack of time. Wolf argues that there is a category of qualities, which moral saint cannot hold, simply because they go against nature of moral saintliness. These qualities are, for example, sense of humour, irony or sarcasm. Generally, these character traits are thought to be the ones which help people better understand the world, its flaws and vices. However, moral saint does not and cannot hold them.