Business Ethics Terms
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"Only 1 thing is good"
Hedonism: Genusssucht. One's pleasure is the ultimate good or moral end.
Not all monists are hedonists!
Two or more things are good.
Pragmatists / Instrumentalists
Deal with problems in a sensible way that suits the conditions that really exist, rather than following fixed ideas, theories, or rules.
Focus on the end result of actions and the goodness or happiness created by them.
Emphasizes the means (Mittel) and motives by which actions are justified.
Examples: Teleology, Deontology
Teleology / Consequentialism
Consequentialism (based on consequences).
Stipulates acts are morally right or acceptable if they produce some desired result, such as realization of self-interest or utility.
Examples: Egoism, Utilitarianism
part of Teleology / Consequentialism.
Defines right or accaptable actions as those that maximize a particular person's self-interest as defined by the individual.
Enlighted Egoism: Allows the well being of others, but self-interst remains paramount.
Defines right or acceptable actions as those that maximize total utility, or the greates good for the greatest number of people.
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