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Georgia State University *

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Philosophy

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Oct 30, 2023

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docx

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Utilitarianism is an ethical theory that determines right from wrong by focusing on outcomes. Utilitarianism holds that the most ethical choice is the one that will produce the greatest good for the greatest number. The Egoistic Approach : one variation of the utilitarian approach is known as ethical egoism, or the ethics of self- interest. In this approach, an individual often uses utilitarian calculation to produce the greatest amount of good for him or herself. Corporate governance is the structure of rules, practices, and processes used to direct and manage a company. Ethics: the principles of conduct governing an individual or a group Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public. Sustainability : meeting the needs of the present without compromising the ability of future generations to meet their own needs (UN, 1987) Corruption is the practice of obtaining power, personal gain, or influence through illegitimate means, usually at others’ expense. Bribery is common and may take the form of grease payments, small inducements intended to expedite decisions and transactions, or gain favors. Relativism is the belief that ethical truths are not absolute but differ from group-to-group; according to this perspective, a good rule is, “When in Rome, do as the Romans do.” Normativism is a belief that ethical behavioral standards are universal, and firms and individuals should seek to uphold them consistently around the world.

Intellectual property refers to ideas or works created by individuals or firms and includes a variety of proprietary, intangible assets: discoveries and inventions; artistic, musical, and literary works; and words, phrases, symbols, and designs. Intellectual property rights are the legal claim through which proprietary assets are protected from unauthorized use by other parties, via trademarks, copyrights, and patents.

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