Sometimes we have to revisit the basics.

Ethics is a system of moral values that is applied in a consistent way to one’s personal, social, and business life. It is the process of making decisions. There are three systems of making ethical decisions: Utilitarianism, Egoism, and Kantian.

Utilitarianism is when the end result is important not the motivation or the means by which the end is achieved. In utilitarianism, managers try to identify the positive and negative end results of the action. If the positives outweigh the negatives, the decision is considered ethical.

Egoism is the tendency to be self centered, or to consider only oneself and one’s own interest.

Kantian ethics is act only on that maxim through which you can at the same time will that it should become universal law. The second foundation of Kantian ethics is never treat humanity as a me\ans, but always the same at the end.

Business Ethics Sunday Ethic – Monday World by Ted Batson and Blake J. Neff (2100)