Midterm Business and Philosophy Essay Example | Topics and Well Written Essays - 2500 words

Midterm Business and Philosophy - Essay Example s precept is considered to be the main basis of most business ethics in regards to the various interactions that may occur with the customers, stakeholders, members of the community, minority shareholders or the employees (Dani, 74). The label â€Å"golden† was first applied to the rule by the Chinese philosopher Confucius (551-479 B.C.). Various other similar formulations of this maxims are to be found at the centre of Taoism, Hinduism, Zoroastrianism, Buddhism and some of the rest of the world’s major religions. As the American philosopher Marcus G. Singer, correctly deduced; the Golden Rule happens to be a principle of rather great antiquity. It is seen to have played a key role in establishing moral teachings in nearly all religions and cultures and presently continues to play a significant role in our moral education. More importantly is the point that has been put forth by Augustine and some of the other philosophers that the Golden Rule is not only key in the setting of limitations for our actions, but also it help in encouraging us to promote the interests of other people above those of ourselves (Dani, 74). Although it is considerably one of the oldest and best maxims to practice, the Golden Rule in some cases might not necessarily be the best standard in the management of people in business. It has been found that what one employee might find valuable and highly appreciate, another employee might absolutely despise. According to Zimbardo and Weber, This can be attributed to the fact that preferences in life are highly individualized and learned. These variances include how individuals prefer to be treated by their supervisors. The incorrect tendency for people to assume that other persons happen to share the same behaviour, feelings and opinions as they do is referred to by social psychologists as false consensus effect. This tendency is considered to be a fundamental bias that affects how people happen to think as concerning others (McLean