Published Jun 25, 2021
2 mins read
414 words
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Life Hacks
Self Improvement
Personal Development

Concept And Theories Of Business Ethics (Part-2)

Published Jun 25, 2021
2 mins read
414 words

Morality and Law

Morality: rules of right conduct concerning matters of greater importance. 

Law: rules which are enforced by society.

A fundamental principle of morality:  people should try so far as possible to continue to progress in the moral life. Moral rights may be overlapped on human rights, professional rights, contractual rights, and employee rights. Human rights are possessed by being people or moral agents.

All engineers are entitled to all the rights and freedoms set forth. Without distinction of any kind, in human rights, such as color, age, gender, race, language, religion, political or other opinion, national or social origin, property, or other status.

Law is essential as a set of rules and principles created and enforced by the state, whereas morals are a set of beliefs, values and principles, and behavior standards that are enforced and created by society.

Nothing legal needs to be obviously moral. Legal means allowed by the state. 

Both law and morality, have a common origin. In fact, morals gave rise to laws. The State puts its own sanction behind moral rules and enforces them. These rules were given the name law.

Morality in business has to start with how it treats its employees. If workers aren't managed fairly, there is no reason for them to treat customers right. A formal mission statement is a great way to put forth ethical precepts, especially if workers see that those principles are applied to everyone. Benefits packages and profit-sharing are great ways to offer incentives to employees because the fate of the company becomes their own.

Ethics is applicable universally amongst all human beings. It cannot be different between different societies over a long period of time. In short, ethics are universal.

Morals are those edits of doing and don't that are installed in a person from childhood onwards by society.

These get communicated and imbibed via the mother, the family, the schools, and the local norms of behavior.

The religion to which the family happens to belong plays a large role in this process of instilling norms of thinking and behavior.

An action that is legal cab being morally wrong. Acts, agents, and the character or motives of agents are the objects of moral evaluation. However, only certain agents have their acts, character, or motives morally evaluated.

Those whose actions, character, and motives can be morally evaluated are called moral agents. A competent and reasonably mature human being is the most familiar example of a moral agent.

#self_improvement
#personaldevelopment
#Lifehacks
#ethics
#morals
#laws
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