The specific principles or rules that people use to decide what is right or wrong
Moral philosophies are person-specific.
Moral philosophies provide guidelines for determining how to settle conflicts and optimize mutual benefit.
Moral philosophies direct businesspeople in formulating strategies and resolving ethical issues.
Monists believe that only one thing is intrinsically good.
Exemplified by hedonism: One’s pleasure is the ultimate good
Pluralists believe that no one thing is intrinsically good.
Instrumentalists reject the idea that
Ends can be separated from the means that produce them;
Ends, purposes, or outcomes are intrinsically good in themselves.
Relativist perspective: Individuals and groups derive definitions of ethical behavior subjectively from experience.
Economic value orientation: Associated with values that can be quantified by monetary means.
Idealism: A moral philosophy that places special value on ideas and ideals as products of the mind.
Realism: The view that an external world exists independently of our perception of it.
Obligation theories: Emphasize the means and motives by which actions are justified. Teleology and Deontology fall under obligation theories.
Teleology: Considers acts as morally right or acceptable if they produce a desired result.
Deontology: Moral philosophies that focus on the rights of individuals and on the intentions associated with a particular behavior.