What are different types of business ethics theories?

The theory of business ethics is the basics of acceptable behavior and decisions in the working environment. For some experts, their business values ​​can take place in parallel with their religious codes of behavior. Most professional ethics are based on the idea of ​​doing what is best for the group, and focus more on the moral ability of the action rather than the outcome. The three main theories of business ethics are deontological theory, utilitarism and theory of standards. One of the greatest influences of modern business ethical principles is Kantian's theory, a type of standard theory. Although the actual result of the following moral principles established may vary, the result does not determine whether the action is ethical. For example, according to deontological theory, it would always be unethical to lie, although lying to preventing consequences such as death.

utilitarianism is the idea that business behavior should take into account the consequence that would benefitthe largest number of people. As far as business ethics theories are concerned, it is probably open to a large number of interpretation differences. For example, in international trade, the decision may be to store tariffs for a group of people more advantageous on one particular side of the transaction. In addition, it could be argued that the consequences of the decision could benefit from the short term for the largest number of people, but in the long run they damage more.

The standard theory states that the whole group should follow some standards of moral behavior. Acceptable forms of behavior are usually defined for a number of probable situations. The first example of the Businechs Theory The World is the idea of ​​manuals of employees or corporate code of behavior. They usually provide a framework for how employees should react and behave in a given circumstances, with a deviation from the code, resulting in disciplinary measures.

The theory of business ethics -related theory includes cantian ethicalprinciples. These principles were developed by a Russian philosopher and a theorist who suggested that ethical instructions should speak to humanity as cooperation in cooperation. The theory of trade ethics based on Kant's philosophy should consider people to be goals rather than resources. In other words, in the development of the Code of behavior, the individual should not use others to serve their own purpose or advantage.