Question

Briefly describe the 3 fundamental ethical approaches that managers should consider?

Answer 1

Managers should consider consequentialism, deontology, and virtue ethics as the three fundamental ethical approaches.

Step-by-step explanation:

Managers should consider three fundamental ethical approaches: consequentialism, deontology, and virtue ethics.

Consequentialism focuses on the outcomes or consequences of an action to determine its morality. It believes that an action is morally right when it produces the greatest good or general welfare.

Deontology focuses on duties and rules to determine the rightness of an action. It argues that an action is morally right when it conforms to the correct rule or duty, such as the principle of not lying.

Virtue ethics focuses on character and the development of the right habits or traits. It suggests that right action flows from having the right character.