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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. [citation needed]
The function of developing and implementing business ethics in an organization is difficult. Due to each organization's culture and atmosphere being different, there is no clear or specific way to implement a code of ethics in an existing business. Business ethics implementation can be categorized into two groups; formal and informal measures.
Ethical leadership is leadership that is directed by respect for ethical beliefs and values and for the dignity and rights of others. It is thus related to concepts such as trust, honesty, consideration, charisma, and fairness. [1] [2] Ethics is concerned with the kinds of values and morals an individual or a society finds desirable or appropriate.
Axiological ethics is a subfield of ethics examining the nature and role of values from a moral perspective, with particular interest in determining which ends are worth pursuing. [ 115 ] The ethical theory of consequentialism combines the perspectives of ethics and value theory, asserting that the rightness of an action depends on the value of ...
Values are one of the factors that generate behavior (besides needs, interests and habits) and influence the choices made by an individual. Values may help common human problems for survival by comparative rankings of value, the results of which provide answers to questions of why people do what they do and in what order they choose to do them.
In ethics, intrinsic value is a property of anything that is valuable on its own. Intrinsic value is in contrast to instrumental value (also known as extrinsic value), which is a property of anything that derives its value from a relation to another intrinsically valuable thing. [1]
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In contrast to the dominant theories of morality in psychology at the time, the anthropologist Richard Shweder developed a set of theories emphasizing the cultural variability of moral judgments, but argued that different cultural forms of morality drew on "three distinct but coherent clusters of moral concerns", which he labeled as the ethics ...