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Ch 3: Foundational Ethical Theories for Business

About This Chapter

Access this course on foundational ethical theories for business to elevate your understanding of utilitarianism, natural rights, deontological ethics, and other key topics. The lessons in this chapter are taught by expert instructors and can help you feel ready to ace an exam.

Foundational Ethical Theories for Business - Chapter Summary

Study engaging lessons at your convenience with this chapter on foundational ethical theories for business. Instructors discuss the strengths and weaknesses of virtue ethics; the differences between deontological, utilitarianism and virtue ethics; and how moral philosophies relate to business. They also compare human rights and moral duties. After completing the chapter, you should be able to:

  • Recall where ethical business standards are developed
  • Give examples of virtue ethics in the workplace
  • Provide the definition for utilitarianism
  • Discuss the natural rights theory
  • Explain theories of justice and ethics of care
  • Outline the application of ethical theories in business

You can complete this chapter on foundational ethical theories for business at your own pace. You can also choose to take a quiz after each lesson to make sure you understand the concepts discussed in the video lessons. For your convenience, the quizzes link back to specific topics in the video so that you can revisit topics with a single click.

11 Lessons in Chapter 3: Foundational Ethical Theories for Business
Test your knowledge with a 30-question chapter practice test
Sources of Ethical Standards in Business

1. Sources of Ethical Standards in Business

In this lesson, we'll examine how philosophers and ethicists have helped us develop ethical standards, and we'll also discuss some of the critical questions on which ethics are based.

Virtue Ethics: Strengths & Weaknesses

2. Virtue Ethics: Strengths & Weaknesses

Virtue ethics are guiding principles based on the type of people humans should be. This form of ethics has been practiced by famous people throughout history and is seen as a positive outlook by many. However, there are many questions left unanswered when examined more closely.

Virtue Ethics vs. Deontological Ethics

3. Virtue Ethics vs. Deontological Ethics

In this lesson, you'll learn about Aristotle's philosophy of virtue ethics and Kant's deontological philosophy of ethics. You'll also learn how to distinguish between these two competing ethical conceptualizations.

Virtue Ethics in the Workplace: Approach & Examples

4. Virtue Ethics in the Workplace: Approach & Examples

Virtue ethics in the workplace is based on each individual employee's virtues and how those virtues affect their behavior within the work environment. This lesson will provide an overview of virtue ethics and offer some examples.

What is Utilitarianism? - Definition & Theory

5. What is Utilitarianism? - Definition & Theory

Explore the ethical theory of utilitarianism, founded by Jeremy Bentham and John Stuart Mill. Then test your understanding of how the principles of this theory work through a short quiz.

Virtue Ethics vs. Utilitarianism

6. Virtue Ethics vs. Utilitarianism

The primary difference between utilitarianism and virtue ethics is the mode and means of human fulfillment. This lesson describes these two philosophical views and explores their positions on the individual versus the community and contemplation versus action.

Natural Rights: Definition, Theory & Examples

7. Natural Rights: Definition, Theory & Examples

In this lesson we will look at natural rights. We will learn the definition and the theory that surround these rights. As the lesson progresses, examples will be given, followed by a summary and a quiz.

Human Rights & Moral Duties: Definition & Relationship

8. Human Rights & Moral Duties: Definition & Relationship

The world of ethics can be difficult to navigate. What are rights? What are duties? Do each affect you the same? Explore these ideas and test your understanding with a brief quiz.

Theory of Justice & Ethics of Care in Organizations

9. Theory of Justice & Ethics of Care in Organizations

A traditional theory of justice and an ethic of care are contrasting paradigms. This lesson explores the similarities and differences between the two theories and their application in the real world.

How Moral Philosophies Relate to Business Ethics

10. How Moral Philosophies Relate to Business Ethics

Much of business ethics finds its foundation in various moral philosophies. In this lesson, you'll learn about some of the important moral philosophies that have influenced ethics in business.

Ethical Theories in Business: Applications & Differences

11. Ethical Theories in Business: Applications & Differences

Defining ethical models is easier than actually putting them into action. This lesson explores the practical ways businesses have demonstrated their commitment to ethical behavior in the real world.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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