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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.
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]
Basic impact calculus arguments may be made at any time and are generally not considered "new" arguments, even if brought up for the first time in the 2NR or 2AR. More sophisticated forms of impact calculus should generally be brought up earlier in the debate and supported by evidence whenever possible. [citation needed]
a concept where manufacturers and importers of products should bear a significant degree of responsibility for the environmental impacts of their products throughout the product life-cycle, including upstream impacts inherent in the selection of materials for the products, impacts from manufacturers’ production process itself, and downstream ...
A formal philosophy of ethical calculus is a development in the study of ethics, combining elements of natural selection, self-organizing systems, emergence, and algorithm theory. According to ethical calculus, the most ethical course of action in a situation is an absolute, but rather than being based on a static ethical code, the ethical code ...
The SROI method as it has been standardized by Social Value UK, formerly called the Social Return on Investment (SROI) Network, [1] provides a consistent quantitative approach to understanding and managing the impacts of a project, business, organisation, fund or policy. It accounts for stakeholders' views of impact, and puts financial 'proxy ...
The term 'due diligence' was originally put forward in this context by UN Special Representative for Human Rights and Business John Ruggie, who used it as an umbrella to cover the steps and processes by which a company understands, monitors and mitigates its human rights impacts. Human Rights Impact Assessment is a component of this.
A corporate stakeholder can affect or be affected by the actions of a business as a whole. Whereas shareholders are often the party with the most direct and obvious interest at stake in business decisions, they are one of various subsets of stakeholders, as customers and employees also have stakes in the outcome.