consequentialism-ethical egoism
Post on 28-Jan-2018
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“ A discipline used to explore the
rightness or wrongness of business
activities” – BESR, Lesson 2
BUSINESS
ETHICS
Traditional
Ethical Theories
Consequentialism Deontological ethics Moral Rights Ethics of careVirtue
Ethics
TO
PIC
OV
ER
VIE
W
“foundation of business ethics”
BUSINESS
ETHICS
Traditional
Ethical Theories
Consequentialism Deontological ethics Moral Rights Ethics of careVirtue
Ethics
TO
PIC
OV
ER
VIE
W
DESCRIPTIVE
“How the world is”
Describe moral
belief/system of group or
societies
NORMATIVE
“How the world should be”
Help us figure out what is
right or wrong
BUSINESS
ETHICS
Traditional
Ethical Theories
Consequentialism Deontological ethics Moral Rights Ethics of careVirtue
Ethics
TO
PIC
OV
ER
VIE
W
NORMATIVE
“How the world should be”
Help us figure out what is
right or wrong
DECISION
MAKING
PLANS,
MOTIVATIONS,
VIRTUES
ACTIONS RESULTS
CONSEQUENTIALISM THEORYNON- CONSEQUENTIALISM
• A.k.a Teleological ethics (Greek: Telos: end, purpose, intention)
approach in decision making wherein
a person bases moral judgement on
the outcomes of the action
You run a factory in a very poor country and a child comes to your
door and asks for a job.
Non- Consequentialism
“It is wrong to employ children —
children have human rights, and
one of those rights is the right to
play and to be educated, rather
than to be toiling in factories or
fields.” - Deontologist
EVENT
ACTION
RESULT Consequentialism“ If turning the child away means
that she would starve, or turn to
something worse (like prostitution)
then it would be ethically better to
give her the job.”
Give her a job.
Unidentified
CONSEQUENTIALIST:
“the morally right action is the one
with the best overall consequences
(for an individual or group)”
CONS OF CONSEQUENTIALISM
• individuals must research the consequences of their
acts before they can make an ethically sound choice
• doing such research is often impracticable, and too
costly
• the time taken by such research leads to slow decision-
making which may itself have bad consequences, and
the bad consequences of delay may outweigh the good
consequences of making a perfect decision
PSYCHOLOGICAL
EGOISM
• We DO act
in our own
self-
interest
ETHICAL
EGOISM
• We SHOULD
act in our
own self-
interest
ETHICAL EGOISMEthical Egoism was founded
from Psychological Egoism.
ETHICAL EGOISM
Main proponent of Psychological Egoism
Interprets some acts of altruism to be
egoistic: “I was in pain to consider the
miserable condition of the old man; and
now my alms, giving him some relief,
does also ease me.”
ETHICAL EGOISMThe correct moral action is the one
that meets the self interest of an
individual.
>SELF-INTEREST GREATER GOOD
ETHICAL EGOISM2 grounds of ethical egoism:
1) Human person by
nature is not purely
egoistic
2) Ethical egoism tends
to violate objective
moral principles
ETHICAL EGOISM1) Human person by nature is not purely egoistic
PURE EGOISM
EGOISM and ALTRUISM
A child is
drowning
You save the
child
Reward &
praise
EVENT
ACTION
RESULT
A child is
drowning
You save the
child
You feel at
ease
EVENT
ACTION
RESULT
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