Three Major

Approaches
to Business
Ethics
Conventional Approach
Principles Approach
Ethical Tests Approach
The
Conventional Approach
to Business Ethics
involves a comparison of:

Decision, Behavior, Prevailing Norms

or Practice of Acceptability
Sources of Ethical Norms
Local Regions of
Fellow Workers
Community Country

Family Profession
The Individual
Ones Self-Interest
and Conscience
Friends Employer

The Law Religious Beliefs Society at Large

The
Principles Approach
to Business Ethics
Anchors decision making on an ethical principle such as:

Utilitarianism Caring
Rights Virtue ethics
Justice Servant leadership
Golden Rule
Principle of Utilitarianism focuses on an act that produces the
greatest ratio of good to evil for everyone
Principle of Rights focuses on examining and possibly protecting
individual moral or legal rights
Principle of justice involves considering what alternative
promotes fair treatment of people
Principle of caring focuses on a person as a relational
(cooperative) and not as an individual

Virtue ethics focuses on individuals becoming imbued with

virtues
The
Ethical Test Approach
to Business Ethics
Based on short tests to guide ethical decision making.

Test of ones self

Test of common sense