Describe the key criticisms of an Ethical Egoist approach?
Business Law & Ethics
Describe the key criticisms of an Ethical Egoist approach?
Business Law & Ethics
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Expert Solution
Ethical egoism is seen as arbitrary because it values the
selfish individual more than other people and there are no
objective grounds for this.
Ethical egoism, is prone to constant self-contradiction because
it supports all individuals' self interests. It also can lead to
conclusions such as choosing not to intervene in a crime against
another.
Egoists have difficulty caring about anything that does not
deal with themselves, which is one reason why ethical egoism is so
impractical for people who are very aware of the world. The very
legitimacy of the theory is often called into question because it
prevents its own adherents from taking reasonable stances on major
political and social issues and cannot in itself solve these
issues, without resorting to popular choice
Ethical egoism satisfies the characteristic of
universalizability in the sense that every person has the right to
make his own choices and pursue his own goals. But it fails in
providing a consistent guiding action for individuals to engage in
positive conduct that promotes the welfare of society.
Ethical egoism is biased towards the self; the egoist may be
able to override his sense of self long enough to help another
human being, but only if it best serves his own self-interest.
BUSINESS IN ETHICS AND CSR
1)What are some of the primary ethical theories. Describe their
key elements.
Society can sometimes tell us what is ‘right’ or ‘wrong’ that
might not always be best for humanity or the common good––our
history is full of this.
2)Explain concisely what is meant by this. Also how would an
ethical leader move towards desired futures that considers what it
is to do ‘good’ for the common good?
Understand and explain the key elements of Utilitarianism
Meaning and overall approach
Main criticisms
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Understand and explain the key elements of Nozick’s theory
Entitlement theory and how it works
Original acquisition
Acquisition by transfer
Criticisms
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Understand and explain the key elements of Rawls’ theory of
Justice
Original position negotiating behind a ‘veil of ignorance’
leading to conservative decision making
Two principles of his approach
Liberty
The ‘difference principle’ (maximin)
Criticisms
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Apply these theories in a business setting
Explain the market failures approach to business ethics. What,
according to Joseph Heath, makes business ethics a particular kind
of ethics?Consider at least five possible practical implications of
the approach for the moral responsibility of business managers.
Business ethics
Establishing systems to monitor and enforce ethical standards is
an important component of ethics program. Discuss four distinct
methods to monitor and enforce ethical standards.
Describe examples of ethical (or non ethical) behavior as
outlined in PMI’s Code of Ethics and Professional Conduct exhibited
on a project in the news.