Main Idea of Ethics - Ethics and morality are synonymous. The pursuit of creating a moral
compass dates back to the Ancient Greek philosophers of Plato and Aristotle, who simply asked
what it was to be right and wrong. In ethics, a premium is placed upon defining what is good.
Different approaches to defining what is right have evolved over the course of contributing
philosophers, governments, and religions all proposing their own lens for what it means to be an
ethical person. Ethics itself has been pondered and developed for centuries because ethics is a
find ourselves in. Without it, our actions would be without purpose or direction. We would not
be able to work towards a goal because there would be no means of picking between a countless
numbers of goals.
Even if we have an ethical standard or standards that we live by, we may be
unable to pursue our goals with an outcome of success in the proverbial "grey" area situations.
Flawed ethics will reduce our ability to be successful and could affect not only ourselves but
those around us. Even if we are unable to make the right decision, it is important that we at least
understand that it is possible we can make the wrong one. That awareness in itself is vital for us
to understand ethics. Business Ethics - We make ethical decisions throughout our lives, so it is
only natural that some of those situations can be brought up in the workplace. In the workplace
there are multiple parties of interest. According to Agency Theory, it is important that
management (the agent) acts in the best interests of the stakeholders (principal) as it is common...