Moral Standards and Moral Judgments – Approaches

Velasquez discussed four approaches in his chapter “Ethical Principles in Business.”

Approach of Utilitarianism

The action that has highest net social benefit is to be undertaken when we do not have the resources for attaining everyone’s objectives. Jeremy Bentham is its proponent.

Principle of Rights

Any behavior by an individual or a group should respect the basic rights of the individual affected by the action. Special agreements also create rights.

Principle of Justice

Standards of justice indicate how benefits and burdens should be distributed among the members of a group. These standards are to be utilized when activities and benefits different substantially among members in important ways. Capitalism and Socialism differ in the principle of justice regarding duties and rewards of members of a society.

Principle of Care

Every person has some special concrete relationships with others.  He has to take care of them in preference to others or some of his own objectives. A parent has a responsibility to take care of his children even at the expense of his future or career.


Manuel G. Velasquez, Business Ethics: Concepts and Cases, Fourth Edition, Prentice Hall Inc., Upper Saddle River, N.J., 1998, Business Ethis by Manuel G. Velasquez - Book Information and Review

Originally published in 2utb2lsm2k7a/ 1383#
Kindly Bookmark and Share it:


  1. The best statement of purpose for mba is difficult to write if you are writing without any help. You must get help before writing it.

  2. Nice post. I am a lean practitioner myself and agree with you – we should collect failed stories so that we can get an understanding of what not to do.

    B Tech in quality management
    Part time in program
    B.Tech in Industrial Engineering

  3. Much needed information,thanks for sharing.
    bas lodging

  4. Truly a very good article on how to handle the future technology. After reading your post
    son dau cao cap indu | son sat loai nao tot

  5. Thanks Bro! I'm finding this kind of articles.
    Thank you again!!!
    Máy sưởi dầu

  6. sản phẩm máy làm mát

  7. After reading your post i know Moral Standards and Moral
    vé máy bay đi đà nẵng

  8. You left me wowed, I feel luck I found your website. Keep producing the great content thank you so much from. content-writing


Designed By An Insurance | Proudly Powered by Blogger