Professional Documents
Culture Documents
Lecture 02:
Chapter one:
Introduction to Business Ethics
Sources: Velasquez
Shaw
Prepared by: Md. Tapan
1
Mahmud (MTM)
Definition of Ethics
Moral Standards:
Deal with matters of serious consequences,
Are based on good reasons and are not based on
authority,
Override self-interest,
Are based on impartial consideration,
Are associated with feelings of guilt and shame
and with a special moral vocabulary,
Law:
Strict (Cant be altered)
Made by a Particular Authority
Focus is very specific
Floor level of decision making reference
Morality
Changes according to values, culture,
tradition & custom of a society ,
Judged and made by a particular
individual or community,
Focus is very broad,
Ceiling of decision making.