Good ethics is good business (OCR A-Level Religious Studies): Flashcards

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Good ethics is good business
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When did Adam Smith write about Capitalism?

18th Century

Adam Smith's concept linking ethics and self-interest

Ethical egoism

Adam Smith's book on Capitalism

Wealth of Nations

Main motivation for business according to Smith

Profit, not benevolence

Index ranking ethical businesses

FTSE Good index

Body Shop's stance on animal testing

Never tested on animals

Body Shop takeover value and buyer

£652 million by L'Oreal

Body Shop's three ethical focus areas

Human rights, animal welfare, environment

Google's environmental company goal

World's first carbon-neutral company

Google's carbon-free energy deadline

2030

Google's average power requirement reduction

50 percent drop

Google's 80-20 project

1 day per week on personal interest projects

Year Ford Pinto was built knowing it was faulty

1970

What Ed Snowden case shows about whistle-blowing

Not always supported by utilitarianism

Why act utilitarianism suits business ethics

Allows flexibility to consider each situation

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