The ethical limits of trust in business relations

Article Abstract:

Trust by itself is not a virtue. Although in the industrial environment it fosters increased collaboration and productivity among employees and between employees and employers, this trait could also be used for negative ends. It has been observed that trusting relationships are the primary instigators of cronyism, favoritism, exploitation and illegal business activities. To prevent abuse of trust, relationships should institute fairness assessments on business practices. Decisions should be based not on subjective views of people's character but on a set standard of ethical analysis.

Ethical aspects, Labor relations, Corporations, Industrial management, Trust (Psychology), Corporate corruption

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The social equation: freedom and its limits

Article Abstract:

There are natural and societal limitations to freedom in which individuals and businesses have to operate. Absence of societal constraints will result in anarchy. Personal freedom is restricted by natural conflict constrains (Nc), socially enforced constrains (Se) and social moral constrains (Sm). Loss of freedom is maximum in case of Nc followed by Se and Sm. Limiting personal freedom in the larger interest of society requires time, effort and money. Voluntary self imposed moral constraint limits these expenses and maximizes the benefits of social contract.

Study and teaching, Social contract, Social control, Liberty, Freedom

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Excellence V. effectiveness: MacIntyre's critique of business

Article Abstract:

Alasdair Maclntyre asserts that business managers have no internal standards that they can use to morally evaluate their acts, since the ethical systems in formalism and utilitarianism provide no concrete definition of goodness. He develops his concepts of virtue ethics by claiming that managers have substituted their external effectiveness with internal goodness and goes on to show that his paradigm fits well with existing theories about organisational behavior.

Beliefs, opinions and attitudes, Criticism and interpretation, Observations, Organizational behavior, Maclntyre, Alasdair

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