MORAL FOUNDATION FOR ETHICAL BUSINESS
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| Figure 01 |
Ethics
is a discipline of philosophy concerned with morality—what it means to act
properly and how people can accomplish this objective. It can also refer to a
collection of moral ideas and practices that apply to a specific sector.
Business, medicine, teaching, and, of course, scientific research all have
ethics. As the above example indicates, the scientific study can raise a variety of
ethical difficulties, particularly when human subjects are involved. When it
comes to running a corporation, the difference between right and wrong is
determined by the use of violence or deception. As a result, humans use to
decide what is ethically right and evil. Aggression, injustice, impoliteness,
and bullying are all examples of upsetting or offensive workplace behaviors that
can lead to a variety of issues.
Various theories support the success of businesses through ethical
conduct. Another unique idea that may be used to cultivate ethics is the moral
basis theory, which leads to ethical corporate management to fulfill
business objectives. Moral foundations theory is a social psychological theory
that was developed to explain differences in moral thinking among humans.
Jonathan Haidt and Jesse Graham, two psychologists, were the first to propose
it. According to moral basis theory, there are five basic moral foundations:
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| Figure 02 |
· Care/Harm:
This
basis originates from our long evolution as mammals with attachment systems and
the ability to feel (and loathe) other people's sorrow. Kindness, tenderness,
and nurturance are all virtues that stem from it.
·
Fairness:
This
has something to do with reciprocal altruism's evolutionary process. It
develops concepts of justice, rights, and self-determination. The majority of
people are kind and considerate of others. It feels unjust or dishonest when
someone helps or is friendly to someone only partially. It should be fair to
everyone when introducing a system or practice. Fairness, trust, and
trustworthiness elicit strong emotions in people. As a result, anyone could
justify the procedures and decisions. There is a link between justice and
fairness. The concept of fair practices will be beneficial to corporate
performance because it will enhance employee morale
· Loyalty:
This
basis stems from our long history as tribal beings capable of forming
revolving alliances. It lurks beneath the qualities of patriotism and
self-sacrifice for the greater good. It is active whenever individuals believe
that "one for all, and all for one" is true.·
Authority: Belonging to your group, family, or country; the polar opposite of
treachery
·
Sanctity:
The psychology of
distaste and contamination shaped the cornerstone of this structure. It sits at
the heart of religious ideals of wanting to live a more exalted, less carnal,
and noble life. It is at the root of the widely held belief that the body is a
temple that can be desecrated by immoral behaviors and impurities (an idea not
unique to religious traditions).
The
lengthy history of hierarchical social interactions among primates shaped this
basis. It underpins leadership and followership values such as respect for
legitimate authority and tradition.
Care,
Fairness, Loyalty, Authority, and Sanctity are useful in ensuring corporate
performance and connecting with the business world, as well as encouraging
employees. When an organization follows the Moral Framework, it establishes a
foundation for trust, collaboration, and action commitment. As a result, while
strengthening ethical practices in an organization, business ethics aid in the
retention of top talent, the reduction of risk, the enhancement of reputation,
and the attainment of business objectives.
Conclusion
Better
strategies to normalize company performance while facing problems include
transforming the business into an ethical business, converting workplace
procedures into workplace ethical practices, and promoting ethics among
employees.
References
https://moralfoundations.org/ [Accessed 30 April
2022]
https://opentextbc.ca/researchmethods/chapter/moral-foundations-of-ethical-research/
[Accessed 30 April 2022]
https://www.investopedia.com/terms/b/business-ethics.asp
[Accessed 25 April 2022]
https://www.ft.lk/columns/Moral-foundation-for-ethical-business/4-711342
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ReplyDeleteDifferent theories help for business success through
ReplyDeleteethical practices. The moral foundation theory is another unique theory
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Great article. Good Luck.
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