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Normative ethics is the study of ethical behaviour and is the branch of philosophical ethics that investigates questions regarding how one ought to act, in a moral sense. Normative ethics is distinct from meta-ethics in that the former examines standards for the rightness and wrongness of actions, whereas the latter studies the meaning of moral ...
Friedman introduced the theory in a 1970 essay for The New York Times titled "A Friedman Doctrine: The Social Responsibility of Business is to Increase Its Profits". [2] In it, he argued that a company has no social responsibility to the public or society; its only responsibility is to its shareholders. [2]
1992 Ethics and Agency Theory, Co-editor with R. Edward Freeman, Oxford University Press; 1994 University-Business Partnerships: An Assessment, Rowman and Littlefield. An article based on Chapter 5, "The Clash Between Academic Values and Business Values," appeared in Business & Professional Ethics Journal, Vol. XII, 1993, pp.3–19
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper. [citation needed]
Applied ethics – using philosophical methods, attempts to identify the morally correct course of action in various fields of human life.. Economics and business Business ethics – concerns questions such as the limits on managers in the pursuit of profit, or the duty of 'whistleblowers' to the general public as opposed to their employers.
Ethical Theory and Moral Practice is a peer-reviewed academic journal in the field of philosophy, established in 1998 and published five times a year by Springer Science+Business Media. It publishes articles in English, focusing on ethics and related fields. It is edited by A. W. Musschenga and F. R. Heeger.
Stakeholder theory is a theory of organizational management and business ethics that addresses morals and values in managing an organization. It was originally detailed by Freeman in the book Strategic Management: a Stakeholder Approach, and identifies and models the groups which are stakeholders of a corporation, and both describes and recommends methods by which management can give due ...
According to the values-based view on innovation management, these human values and normative orientations, that underlie an organization's attitudes and behaviors, are pursued by all organizations. Therefore, the values-based view implies an understanding of what is most important for an innovation project, an organisation, or what a firm ...