Download Ethical Egoism in Business: Individual and Universal Perspectives and more Summaries Human Development in PDF only on Docsity! ETHICAL EGOISM IN BUSINESS Group assignment 1 - Outlaws (CC01) Lecturer: Le Thi Thanh Xuan Member List Name Student ID Dương Thanh Ngân 1952350 Trần Lê Như Tuấn 2052775 Trương Quốc Thống 1951020 Đoàn Duy Khang 2053091 Đoàn Duy Bách 2052862 Nguyễn Ngọc Ánh Hoa 1952692 Nguyễn Chí Thành 1951018 Ngô Thanh Trúc 1953057 Nguyễn Gia Bảo 1952577 Nguyễn Thanh Hiền 1952686
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DEFINITION a
What does ethical egoism mean? Ethical egoism argues that any action should be done solely to achieve individual benefits. Pursuing their own self-interest, and no one has any obligation to promote anyone else’s interests. Forms of ethical egoism: Individual, Personal, Universal. Difference between Long-run self-interest and Short-run self-interest → Long-term self-interest means the pursuit of outcomes that will benefit the self in the long run. → Short-term self-interest means sacrificing today negatively by many so the few can enrich themselves. FOR EXAMPLE An investor is aware of an opportunity to invest in a manufacture products using environmental damaging process. → The factory causes pollution in the surrounding area → Do harm to environment and health of local community. ⇒Minh is practicing ethical egoism by prioritizing his own financial gain over having a negative impact to the environment. UNIVERSAL ETHICAL EGOISM 03 Universal Ethical Egoism “All people should do what is in their own interests.” - This principle is universalizable. - Universal Ethical Egoism is stronger because it includes everyone, not just myself. Pros Cons - Ethical egoism encourages self- awareness. - There are more opportunities for personal improvement - It is an approach that would create a self-centered society. - It would lead to a breakdown in workplace relationships Ethical egoism, in philosophy, an ethical theory according to which moral decision making should be guided entirely by self-interest.
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| REFERENCES a
● https://helpfulprofessor.com/ethical-egoism-examples/ ● https://connectusfund.org/15-important-pros-and-cons- of-ethical-egoism ● https://www.britannica.com/topic/egoism ● Ethical egoism | Definition, Examples, Arguments, & Facts | Britannica ● Ethical Egoism: Examples & Definition (2023) (helpfulprofessor.com) ● Ethical Egoism (lander.edu) Resources
