Business ethics in society is not a definite position, but a difference in choice a person makes depending on their own moral belief. These choices can sway towards a negative or positive result factored by one’s own moral perspective. With moral decisions, each can differ depending on what a person believes to be right or wrong. There are comparisons of these philosophies in each business making decision. The different philosophies in business determine results in similar and different ways. Those with virtuousness are people of truth and honesty.
A virtue ethicist will do what is right without any further notice of another party. With virtue, their own belief in honesty and moral rights will bleed through the problem with a positive and truthful result. Like a virtuous person, a relativism individual makes a virtual decision, but with a greater source of information. With relativism problem solving, a person will not make a choice on their own behalf without concurring from a larger source or group.
Similar to relativism, a teleological individual; however, does not rely on a larger group. He/She will make a decision based on what is morally right if that decision produces a desired result.
Both these business philosophies are determined with positive conclusions. Unlike relativism, if a person’s ego was to determine the same decision, the outcome would differ, for that the person would reap what is best for their own interest. For example, “Chainsaw Al” could be considered an egoist by his short term greed for success.
Using his reputation, Al made his company look like a success to gain a short wealth that consequently hurt the company. In part Al won his own self interest, but endangered a company that ended up bankrupt. (Ferrell, Fraedrich 2005) With Teleology, a person may do what is right or wrong if it will benefit their own selfishness. Teleological ethics in a person will first check ones own selfishness to determine what moral decision will come when making a conclusion. Justice relates to all previous philosophies for that a person does know what is right or what is wrong and acts to their own moral beliefs whether right or wrong. In society and business making decisions, a person will use morality to determine the outcome of a problem. With the different philosophies in business making decisions it will always come down to what a person believes is morally correct or what is not moral when inheriting ones own greed. Though a person can possess a little of each philosophy, the final conclusion of one’s decision will determine their moral outcome. In society people make decisions based on whether it is good or bad.
In making these decisions a person will have to confront ones self on doing what is right for others or what is right for ones own needs. In utilitarianism a person will decide on what is right based on what will satisfy the majority. When making utilitarianism decision, a person may consider the damage that could be done, but do it anyways for that it will benefit the majority. A rule utilitarian in this position would not go against ones moral instinct, but follow the law whether it is right or wrong. With this position as an act utilitarian, one might look pass what is right or wrong to see that the benefit overweighs the punishment to help the majority in a positive way. Deontological decisions in ethics are based on what is right. When a deontologist comes to a problem they act on what is good whether it means an outcome could hurt the majority around them. As a rule deontologist, a person may see a problem as wrong, but looks past to another high authority that says it is right, and follows the higher authority. An act deontologist perceives one’s own morals when calculating the same problem and does what their own beliefs conform to. An Act deontologist believes morals to have a higher standard than the original law.
People base morality as an action so it weighs out what they feel is right for an overall result on an act. If a person did not use their own morals when acting on an action, decision making would turn to chaos in culture. If one did not think about a situation before acting, any conformity would not exist in society. When others look for what is right in accordance with particular principles they are following law in unity with every rule of conduct. In society and business making decisions, a person will use morality to determine the outcome of a problem. With the different philosophies in business making decisions it will always come down to what a person believe is morally correct; or the opposite, what is not moral when inheriting ones own greed. Though a person can have a little of each philosophy, the final conclusion of one’s decision will determine there moral outcome.