This essay "Reliance Theories and Moral Obligation" concerns the ideas of reliance theories and moral obligation. It is mentioned here that the fundamental western philosophy argues that human beings are to some extent self-reliant…
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The rationale of adopting a stakeholder concept to decision making in business borrows heavily from the legalistic reliance theories, social contract theory, and the nature of the market. Reliance theories emphasize on the consideration of detrimental reliance in place of contract enforcement and formation. It is true that the legal and political systems depend on the foundation of free choice. Taking choice as the first concept in decision making has results that implicate on other activities. What matters is the relationship between the decision maker and the affected. There are some obligations that arise, as a result, of the relationship. The obligation depends on two variables. First is if the affected depended on the choice of the decision and second, whether the decision maker was aware of the reliance or not. It is necessary to understand whether the stakeholder theory stands out to be of ethical or economic importance to the society. There is a need to behave well and keep off regulations of a capitalistic government because its regulations are undesired. Modern corporations emphasize the social nature of any business. The interplay of business, government, and the society matches with the context of the social contract. The government’s role is to provide advance social expectations through its regulations. The four reasons for the adoption of stakeholder construct, therefore, reinforce the philosophical argument that forms its basis from the moral and legal arguments of responsibility and reliance.
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It is true that no one is born as a criminal. People turn into virtuous or vicious depending upon the influence of environment and culture in which they are brought up. However, it is noteworthy here that criminals do not necessarily have criminals in their family.
Morals originate in people’s beliefs and are based on their principles and values which serve as guides for their actions. The fundamental difference between the moral rules and the legal rules is that while the former are voluntary, the latter are obligatory upon every individual of the society.
From a very early age Henry David Thoreau decided to use his own life experience as a helpful source and means of self-education. Being a self-confident, optimistic personality, he reflected this essence in his writings.
It is widely acknowledged that the collectivist and humane nature of the Indian culture values and reveres its traditions, of which showing respect to one’s parents and treating them in the best way possible is highly regarded. Therefore, this aspect of the case analysis focuses on the role of Dhirubhai Ambani and his wife Kokilaben in not only shaping the futures of their sons Mukesh and Anil but also the future of Reliance Industries.
The author states that some philosophers hold the opinion that moral obligation refers to the laws that cannot be advised. Bentham gives the justification of good and bad as ‘pleasure’ and ‘pain’. According to Bentham, nature has placed mankind under the governance of two sovereign masters, pain and pleasure.
Ethical egoism is further subdivided into three categories: Personal Ethical Egoism, Individual ethical egoism and Universal ethical egoism (Pojman & Fieser, 2011).
1) Personal Ethical Egoism: This is the belief that only I, the individual, should act
This moral obligation is supposed to be extended from small groups, local organizations and even among all people in the world. Being moral entails taking an ethical consideration regarding every event or issues that is involved in interaction of all
ell 2012), “Merely living on land within the border claimed by a government may yet create obligations through one of the other four theories, but it’s difficult to argue that they come via consent.”
(Carneades 2007) states, “Should it be said, that, by living under the
here is one moral solution of every ethical problem in society, it would mean that all individuals are similar and hence what applies to one can be replicated to the other (Boss, 2014). This is however no only impossible but unrealistic as well as human beings are different and
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