CHAVEZ, ANDREA O.

CBET-01-503P

THREE MAJOR APPROACHES TO BUSINESS ETHICS

There are three approaches to thinking about business. These include the
following:

1. Conventional Approach
- Based on how the average person views business ethics,
and on common sense.
2. Principles Approach
- Based on the use of ethics principles to justify and direct
behavior, actions, and policies.
3. Ethical Tests Approach
- Based on short, practical questions to guide ethical decision
making and behavior and practices.

THE CONVENTIONAL APPROACH TO BUSINESS ETHICS

The Conventional Approach to business ethics is the approach whereby we

compare a decision, practice, or policy with prevailing norms of acceptability
in society.

Decision, Behavior, or Practice Prevailing Norms of Acceptability

Source of Ethical Norms Communicated to Individuals

Fellow Local Regions of

Workers Community Country
This shows how views of

Family
ethics that are acceptable to
Profession
The Individual

Ones Self-Interest many in conventional

and Conscience

Friends Employer
society would not be
accepted in more rigorous
The Law Religious Society at forms of ethical analysis.
Beliefs Large