Identify 6 classical ethical principles. Briefly explain each of them.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Identify 6 classical ethical principles. Briefly explain each of them. 

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Six classical ethical principles are :

 

1. Beneficence

The principle of beneficence helps the decision maker to do what is right and good. The main objective of this principle is to “do good” . The principle of beneficence states that ethical theories should try to achieve the greatest amount of good over evil because people benefit from the most good. 

2. Autonomy

The principle of Autonomy tell that decision making should focus on allowing people to be autonomous and to be able to make decisions that apply to their lives. People should have control on lives as much as possible because they completely understand their chosen type of lifestyle. This ethical principle is an extension of principle of beneficence because a person who is independent usually prefers to have control over his life to get the lifestyle that he enjoys.

3. Social Justice

The ethical principle of social justice states that decision makers should be fair to the that people involved. The ethical decisions should be consistent with the ethical theory unless special circumstances that can be justified in the case. Everything must be done keeping in mind the natural justice and there should be no biasness. 

 

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