Methods of decision-making then could be adapted to any context or dilemma. False. These are terms that you may not have come across before. The Concept of Ethical Business in Ancient Athens, Ethical Advice for Nobles and Civil Servants in Ancient China, Comparing the Virtue Ethics of East and West, Utilitarianism: The Greatest Good for the Greatest Number, Ethical Decision-Making and Prioritizing Stakeholders, Three Special Stakeholders: Society, the Environment, and Government, Corporate Law and Corporate Responsibility, Sustainability: Business and the Environment, The Impact of Culture and Time on Business Ethics, The Relationship between Business Ethics and Culture. Aristotle placed this locus on individuals, who were called to fulfill their purpose honorably, accepting fate with dignity and aplomb. Many firms also havedetailed codes of conduct, developed and enforced by teams of ethicsand compliance personnel. It is evident why Aristotle and Confucius stressed the importance of schooling. The basis of this acceptance was reason. Of course, those fashioning guidelines would have to be sensitive to individual autonomy and national sovereignty, especially when it comes to international jurisdiction, privacy, and human rights. Purpose and Scope. Another important characteristic of Eastern and Western systems of virtue ethics is the integration of personal and professional life. The best way to find out what makes Western such a special place is to experience it for yourself. Ethics - Ethics - The history of Western ethics: The first ethical precepts must have been passed down by word of mouth from parents and elders, but as societies learned to use the written word, they began to set down their ethical beliefs. As Aristotle noted, ethics is not a science but an art. 2020/2021 100% (1) Business Ethics Task 1 - passed. A strong foundation in business will enable you to enjoy the long-term gains of your career–regardless of the fluctuations of the economy. Western Ethics, on the other hand, has more of an emphasis on self and what is rationally or logically true. The payment violated the U.S. Foreign Corrupt Practices Act (1977), which prohibits bribes and kickbacks to foreign officials. The other effect, awareness, is the ability to see the ethical dimension in all events, choices, decisions, and actions. As such, they are bound by codes ofconduct promulgated by professional societies. Studying C717 Business Ethics at Western Governors University? In Confucian ethics, the locus of ethics and moral decision making was the family rather than the individual. In a business context, control bears directly on managerial ethics, which is a way of relating to self, employees, and the organization that balances individual and collective responsibility, and in which management also includes planning, organizing, and leading to achieve organizational goals. Managerial ethics is related to which of the following? Because doing so would be a betrayal of the person’s conscience and identity. These records constitute the first historical evidence of the origins of ethics. For Aristotle, happiness consisted of the search for truth, which, in turn, required a centered, stable individual who could surmount misfortune or weak character. Arguably, it is here that the individual’s true nature is revealed. Western’s engineering programs combine academic rigor with practical application in our brand-new, cutting-edge facilities, classrooms and labs. A retail manager who contributes generously to help protect endangered species but thinks nothing of working the sales staff to the point of burnout to achieve monthly goals has not successfully integrated the personal and the professional, for instance, and even poses obstacles to individual happiness and life in the community. If you look at the diagram in … The Aristotelian and Confucian systems of virtue ethics have in common the theme of control, as this comparison shows. Would they think the executives at Chiquita had acted prudently, cravenly, or deceitfully? It is possible that standards of ethical conduct could be created to guide business affairs fairly and justly. In haste and flurry, he adheres to it; in fall and stumble, he adheres by it.”. True or false? We’ve intentionally designed our curricula around practical experience to give you the industry knowledge you’ll need to excel. Aristotle acknowledged that “a solitary man has a hard life, because it is not easy to keep up a continuous activity by oneself; but in company with others and in relation to others it is easier.”. student-led tours give you an insider’s perspective on everything from academics to student life. Our highly personalized programs center around developing professionals ready to meet the demands of the modern workplace. Despite the emphasis these systems placed on character, however, character was not ultimately what defined the virtuous individual, family, city-state, or nation. The business world can be extremely rewarding for those who are well-prepared. Everyone desires efficiency in business, but compartmentalizing our personal and professional ideals can lead to “dispersed personal accountability” in an organization and the kind of financial meltdown that occurred, through greed and rule-breaking, in the housing and financial industries and led to the worldwide recession of 2008. Learn more about applying to your program of choice at Western. When the person concentrates on the means used to achieve an end, eventually the means become a way of life even more important than the end itself. Many business scandals could be avoided if more people understood the value of human capital and the need to see the larger picture; to put it differently: responsibility over profitability. Given the vastly different cultural and historical settings of ancient Greece and China, you may be surprised to find similarities between the Aristotelian and Confucian systems of virtue ethics. We are committed to helping you apply to your program of choice with confidence and ease. The unique outcomes of the education at Western become the stories we tell. Confucius looked to create a system that put an end to civil chaos. We might even say that righteousness leads to justice, which includes profit. Our students are more than successful, they are personally fulfilled and recognized as leaders within their communities and industries. Our engineering programs combine academic rigor with practical application in our new, cutting-edge facilities, classrooms and labs. Self-regulation was Confucius’s way of establishing order. Both men would have a very definite opinion about the optimization of shareholder wealth. Confucius looked to settle the soul of the Chinese people by creating a system that reflected the heavenly order on Earth. Nearly 80 percent of Gunnison County’s 3,239 square miles is federally owned land, making it an ideal environment for fieldwork. Through our distinct combination of academic merit, hands-on research opportunities and an inclusive student experience, we deliver an education that better meets what the market demands. Western Colorado University’s School of Graduate Studies (SGS) is comprised of cutting-edge graduate programs committed to accelerating your career. In a business context, control bears directly on managerial ethics, which is a way of relating to self, employees, and the organization that balances individual and collective responsibility, and in which management also includes planning, organizing, and leading to achieve organizational goals. The Generally Accepted Accounting Principles (GAAP) give direction to those working in accounting and finance in the United States. I. It is not merely that the means must match the end, but that they come to define the virtuous person. At Western, we believe a relevant education goes beyond academic excellence and critical thinking. The main fork in the path in Western philosophy which Traer (2013) identifies is that between deontological and teleological ethics. Are the Values Central to Business Ethics Universal? A campus tour is the best way to get a feel for what it’s like to be a Mountaineer. Task 2 for Business Ethics C717 - Passing grade. CODE OF BUSINESS ETHICS. This proposal touches the core of both Aristotelian and Confucian teachings: training and education. Both systems rely on reasoned means to achieve reasoned ends.