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1. link.springer.com › article › 10Economic Rationality and a Moral Science of Business Ethics

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   Nov 25, 2015 · The purpose of this inquiry is to consider whether a universal and non-controversial moral science of business ethics can be defined satisfactorily, and linked to economic rationality of managers and other stakeholders of firms operating in market economies.

   • Author: Duane Windsor
   • Email: odw@rice.edu

   • Publish Year: 2016

2. library.fiveable.me › business-ethics › rationalityRationality - Vocab, Definition, and Must Know Facts - Fiveable

   library.fiveable.me › business-ethics › rationality

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   Rationality refers to the quality of being based on or in accordance with reason or logic. It is a fundamental concept in ethics, particularly in the context of deontology, which focuses on the inherent duties and obligations that guide moral decision-making.

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4. www.cambridge.org › core › journalsOn the Power of a Clear Definition of Rationality | Business ...

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   Jan 23, 2015 · In this paper, we argue that the use of the term “rationality” in Judgment in Managerial Decision Making ( JMDM) is extremely useful, and creates a useful dialogue between philosophical and psychological perspectives of ethics and morality.

   • Author: Max H. Bazerman, David M. Messick

   • Publish Year: 1998

5. link.springer.com › article › 10A Model for Ethical Decision Making in Business: Reasoning ...

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   May 28, 2011 · The model I proposed in this paper includes both description of how business decision makers made ethical decisions and what substantive principles they used—those of rational egoism—and then argues that those principles are consistent with long-term success in business.

   • Author: Jaana Woiceshyn
   • Email: woiceshy@ucalgary.ca

   • Publish Year: 2011

6. www.sciencedirect.com › science › articleIs Ethics Rational? Teleological, Deontological and Virtue ...

   www.sciencedirect.com › science › article

   Jan 1, 2016 · Theories of Ethics in the Context of Economic Rationality and Decision Making The given summary of the three most significant groups of business ethics theories – Teleological, Deontological and Virtue ethics – allows to conclude that there are both differences and similarities between them.

   • Author: Ilona Baumane-Vitolina, Igo Cals, Erika Sumilo

   • Publish Year: 2016

7. plato.stanford.edu › entries › ethics-businessBusiness Ethics - Stanford Encyclopedia of Philosophy

   plato.stanford.edu › entries › ethics-business

   Nov 17, 2016 · Business ethics in its current incarnation is a relatively new field, growing out of research by moral philosophers in the 1970’s and 1980’s. But scholars have been thinking about the ethical dimensions of commerce at least since the Code of Hammurabi (c. 1750 BC).

8. People also ask

   What is rationality in business ethics?

   • This rationality is a universal and value free (or value neutral) axiom: actors should and generally will be rationally efficient. Utilitarianism accepting aggregation across values is the moral framework associated with market exchange. Business ethics is about normative valuation of motives, actions, and consequences.

   Economic Rationality and a Moral Science of Business Ethics

   link.springer.com/article/10.1007/s40926-015-0021-7

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   What is economic rationality?

   • The distinguishing attribute of economic rationality is that it is axiomatic for economic science. By axiom, the author means a postulated first principle as the logical beginning point for further reasoning. The corresponding axiom for a moral science of business ethics is that a firm cannot, in order to gain, cause harm without justification.

   Economic Rationality and a Moral Science of Business Ethics

   link.springer.com/article/10.1007/s40926-015-0021-7

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   Is economic rationality a moral science of Business Ethics?

   • Economic science posits economic rationality, meaning economic efficiency in resource allocation, as the logic of utility maximization. A moral science of business ethics can develop analogously through a rational logic. The proposal in this article is to work from a first no harm principle for a firm. Harm by a firm requires justification.

   Economic Rationality and a Moral Science of Business Ethics

   link.springer.com/article/10.1007/s40926-015-0021-7

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   Is ethical decision making a rational process?

   • Not all research has confirmed ethical decision making as a rational process. Some studies have found that decision makers do not engage in a priori ethical reasoning but rather make sense of their decisions after the fact (Haidt 2001), including business decision makers (Sonenshein 2007).

   A Model for Ethical Decision Making in Business: Reasoning, Intuition

   link.springer.com/article/10.1007/s10551-011-0910-1

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   What is the principle of rationality?

   • The principle is to reward a positive with a positive and punish a negative with a negative. Although not a conventional virtue, independence is another aspect of rationality. It is the primary orientation to reality, not to other people. It advises a person to do his own thinking and not follow others blindly.

   A Model for Ethical Decision Making in Business: Reasoning, Intuition

   link.springer.com/article/10.1007/s10551-011-0910-1

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   Is rational egoism a substantive ethical component?

   • Following the CEOs in the study, I employ rational egoism as the substantive ethical component in the proposed ethical decision making model. Rational egoism is explained briefly, followed by an illustration as to how the proposed decision model combined with egoist principles applies to a contemporary business ethics dilemma.

   A Model for Ethical Decision Making in Business: Reasoning, Intuition

   link.springer.com/article/10.1007/s10551-011-0910-1

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9. link.springer.com › article › 10Rationality in Management Theory and Practice: An ...

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   Apr 9, 2015 · In ethics, but not only there, rationality takes the form of practical wisdom (in Greek, phronesis), which involves knowing how to do things right—knowing how as much as knowing that. An experienced strategic manager can look at a situation and confidently frame it as a black hole rather than a promising opportunity.