April 2024
Beginner
760 pages
39h 4m
English
book
Fernando's Business Ethics and Corporate Governance, 3rd Edition
by K P Muraleedharan, E K Satheesh
Content preview from Fernando's Business Ethics and Corporate Governance, 3rd Edition
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Chapter 2
Conceps and Theories of Business Ethics 55
OUTCOME-BASED Vs ACTION-BASED ETHICAL THEORIES
Mostly, ethical theories are developed and practiced on the basis of certain assumptions. Hence,
the degree to which we can accept a theory and the outcome of its application to a particular
business situation depends chiey on the degree to which we share their underlying assumptions.
As they have well-dened rules of decision, the main advantage of these theories is the fact that
they normally provide us with a fairly unqualied solution to the ethical problem (Figure 2.2).
Some of the ethical theories are outcome based (result based), while ...
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