THE ETHICAL ENVIRONMENT: CLASSICAL PHILOSOPHIES

Business Philosophy

Is a set of principles and beliefs that a company uses to decide how to handle different areas of operation.

Teleological or Consequentialist Ethics

If the result of an action is right, then the action is right itself.

Deontological Ethics

If an action is good, then the result of this action will also be good.

Virtue Ethics

It doesn’t judge actions as right or wrong but rather the character of the person doing the actions.

Absolutist Theory

A theory that certain things are right or wrong from an objective point of view and cannot change according to culture.

Relativist Theory

A theory that there are no universally valid moral principles. All principles and values are relative to a particular culture or age.

RUFUS

Keeping track of one’s ethical progress

PLUTARCH

On being a good role model.

ARISTOTLE

On letting people seek fulfillment

SOCRATES

On daring to disagree 

EPICURUS

On the art of happiness