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Ethical principles that should guide business practice

What are some of the ethical principles that should guide business practice, including not-for-profit organisations?

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Hello,

You have asked for a description of some of the ethical principles that should guide business practice, including not-for-profit organisations

Scholars, the business community, not-for-profit organizations, philosophers and health care organizations have identified numerous ethical principles that should guide our ethical conduct. Most of these principles can be covered by three basic values: Utilitarianism, Individual Rights, and Distributive Justice. People from all sectors may prefer one over the others based on their own personal values, but all three can and should be used to put important or difficult ethical issues or dilemmas to the test.

1. Utilitarianism-

This principle suggests basically that it is best to get the most for the most. What this means is you must obtain the greatest good for as many people as possible. So when ...

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This solution outlines some of the ethical principles that should guide business practice, including not-for-profit organisations

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