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Business Ethic: Many ethicists believe that employees ought to be loyal to their employers (and vice versa). Using the ethical t
Pages 5 (1255 words)
Business Ethic INTRODUCTION Loyalty is generally the byproduct of a complex ongoing relationship between two individuals. It is usually considered as a social concept which is emotionally intertwined (Litrle 700-754). From employers or companies perspective, loyalty is defined as an obligation of the employee to put the interests of employer ahead of personal interests and to avoid a situation replicating collision of interests.
Similarly, employees who are loyal towards employers believe that their employers are loyal towards them as well. Furthermore, these employees seek that their employers are generous and understanding as well as display harmonious behaviors (Fahlbeck 297-319). THESIS STATEMENT This essay intends to explore and explain the three ethical theories i.e. egoism, utilitarianism and deontology for identifying the agreements and disagreements of each theory with the statement, “many ethicists believe that employees ought to be loyal to their employers (and vice versa)”. USING ETHICAL THEORIES Theory of Egoism Egoism in philosophy is considered as the theory wherein an individual himself/herself is the inspiration and the motivation of one’s own action. Egoism has two major variants i.e. descriptive and normative. The descriptive variant regards egoism as an actual portrayal of human affairs. This signifies that people are inspired by their own benefits and needs which cannot be described otherwise. On the contrary, normative variant suggests that people should also be motivated irrespective of what currently motivates their behavior. The contrast of egoism is altruism. ...
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