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teleological framework of business ethics

In the context of financial planning, ethics relates to … Telos is a Greek word meaning “end” or “goal”; thus, teleological ethics is concerned with how choices will affect a particular desired moral outcome. Give examples of them in today's business environment. When this framework judges the consequences of the act rather than the act itself even if the act itself is questionable for some people and that can be a disadvantage. Therefore, teleological ethics can be said to be more flexible in its approach to morality than strict rule-based morality such as deontological ethics. Consequentialism (Stanford Encyclopedia of Philosophy) Sinnott-Armstrong, Walter (2006), Moral Philosophy: The Ethical Approach Through the Ages Sofroniou, Andreas (2003). Your email address will not be published. Your email address will not be published. One of the advantages of these teleological frameworks is that decisions can be used to present different arguments from a business perspective. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. Telos is a Greek word meaning “end” or “goal”; thus, teleological ethics is concerned with how choices will affect a particular desired moral outcome. Teleological frameworks focus in the results of the conduct of the individual is favorable or not. As you practice these virtues in your life, they become internalized within your everyday decision-making until most of what you do tilts toward what Aristotle called the “golden mean,” that sweet spot of human existence where everything is perfectly balanced in such a way as to allow a person to thrive. Definition: The Teleological Ethical Theories are concerned with the consequences of actions which means the basic standards for our actions being morally right or wrong depends on the good or evil generated. However, they both share an overarching concern with how moral choices can affect our lives and the lives of others. Generally, we can speak of two main teleological moral philosophie: utilitarianism/consequentialism, and the virtue ethics espoused by ancient and medieval moral philosophers. Teleological frameworks are predicated upon a conceptual framework that places focus on the ethical consequences that actions elicit. While torture for its own sake would be wrong, because it is being done for the greater good and to save lives, it can be understood to be the ethical thing to do. Ethics is defined by the Oxford Dictionary as ‘the moral principles that govern a person’s behaviour or how an activity is conducted’ (Oxford University Press, 2002). This system can justify actions that might be considered morally wrong, so long as those actions bring about an overall better outcome. In the case of utilitarianism/consequentialism, the goal is generally conceived of in terms of the “greatest good for the greatest number.” Decisions are based on how much final “good” or “happiness” they will produce for the greatest number of people. As mentioned, these two teleological ethical systems fundamentally differ in their perceived goals and ends. It helped me in my assignment. Teleological ethics, (teleological from Greek telos, “end”; logos, “science”), theory of morality that derives duty or moral obligation from what is good or desirable as an end to be achieved. Ethical Egoism: The ethical egoism is a teleological theory that posits, an action is good if it produces or is likely to produce results that maximize the person’s self-interest as defined by him, even at the expense of others. Decisions are thus justified based on factors somewhat outside of the particular course of action itself. Thanks a lot. Considering virtue ethics, we see that the end point being sought is not necessarily the same as in utilitarianism/consequentialism. Of these six frameworks, with which one do you most associate? On the other hand, utilitarianism/consequentialism might be satisfied with a lower overall moral standard and happiness, so long as it represents the greatest good possible at the time. The three teleological frameworks are ethical egoism, ... Business Ethics - Final Exam 2522 Words | 11 Pages. ethics). An example of this would be torturing someone to find the location of a ticking time bomb. We can contrast this with utilitarianism/consequentialism in one important way: While the former essentially argues that the ends justify the means, the latter points out that the means are what let you reach the proper end in the first place. Tracing its origins to Aristotle, this ethical theory argues that the goal is the development of the human mind, spirit and body to the fullest potential possible. It does no good under virtue ethics to save your life if that life is devoid of virtue and thus unable to access the upper echelons of your human potential. As a result, teleological ethics is also known as consequentialism. A teleological approach to ethics is based on the concept of seeking a “telos” in ethical decision-making. Thus, a moral theory that maintains that the rightness or wrongness of actions solely depends on their consequences is called as a teleological theory. Required fields are marked *. He holds a bachelor's degree in international relations and a master's degree in political science. While virtue ethics does indeed seek to maximize “happiness,” it sees this happiness in a much more personal way, and as being fundamentally tied to the cultivation and practicing of key virtues. In deontological ethics, if killing is determined to be wrong on the basis of reason, then it can never be justified, even if it is in the defense of another’s life. This is done by practicing virtues such as prudence, justice, fortitude and temperance. A teleological approach to ethics is based on the concept of seeking a “telos” in ethical decision-making. What are the deontological and teleological frameworks of business ethics? This is really a wonderful article. Deontological and Teleological Frameworks of Business Ethics An analysis of business ethics Teleological and Deontological Frameworks Ethical Principles in the Global Business Standards Codex Value with Ethical Behavior and Good Corporate Governance Business Ethics Business Ethics Awards: variables to consider, facts and sources, best alternative Media, All Rights Reserved justified based on the ethical consequences that actions elicit ticking time.! In utilitarianism/consequentialism frameworks are predicated upon a conceptual framework that places focus on the concept of a... 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