Explain meaning of absolute ethics and relative ethics

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Reference no: EM132226954

You have been asked to give an introductory talk to new Business students about the meaning of ethics and its role in the Business world. You are going to base your talk on the answers to the following questions.

Write a report which can be given as a talk, based on all parts of all 6 questions:

1. What is the meaning of ‘business ethics’?

2. Explain the background of the following ethical theories by discussing the contribution of the early philosophers Immanuel Kant and John Stuart Mill and discussing the subsequent development of other ethical theories :

a. Deontological / non consequentialist theories

b. Teleological / consequentialist theories

c. Natural Law theory of individual rights and duties.

3. Explain the meaning of (i) absolute ethics and (ii) relative ethics. Describe the differences between them.

4. A business person applies for a licence to start a new business and is asked to pay a bribe to obtain the licence. What would his response be if he applies (i) absolute ethics, and (ii) relative ethics?

5. What is the meaning of ‘Corporate Social Responsibility’? How could it affect the operations of a business?

6. Explain the ethical issues which may affect the way a business runs its operations with respect to:

a .corporate governance

b. the environment

c. customers

d. working conditions for employees

Reference no: EM132226954

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