3. Four Approaches to Ethical Reasoning -1
• Those who write about business ethics tend to approach the subject from the perspectives of major philosophical theories (see table 9.1). • Drawing on this literature, we will now take a closer look at the four ethical standards for making decisions in negotiation that we introduced above: End-Result Ethics, Duty Ethics, Social Contract Ethics, and Personalistic Ethics.
• Ethics Defined
It is broadly social standards for what is right or wrong in a particular situation, or process for setting those standards. They differ from morals, which are individual and personal beliefs about what is right and wrong. Ethics grow out of particular philosophies, which purport to define the nature of the world I which we live, and prescribe rules for living together. Our goal is to distinguish among different criteria, or standards, for judging and evaluating a negotiator’s actions, particularly when questions of ethics may be involved.