Ethics and Morality - Explained
How does morality affect the understanding of what is ethical?
Written by Jason Gordon
Updated at June 26th, 2021
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
What is the role or effect of morality on ethics?
- Morality - is the collection of values that guides our behavior.
- It involves an understanding (of a societies view) of what is right and wrong and for justifying moral decisions.
- Businesses promote shared moral values to support social cooperation and control - meaning it has lead us to accept and trust others.
- Ethics is a systematic statement of right and wrong together with a philosophical system that both justifies and necessitates rules of conduct.
- Ethics involves a rational method for examining our moral lives
- Ethics helps us recognize what is right and wrong and to understand why we think something is right or wrong.
- Good, or being good, is defined as those moral goals and objectives we choose to pursue. (It defines us.)
Back to: BUSINESS ETHICS