ETHICAL EGOISM
IN BUSINESS
Group assignment 1 - Outlaws (CC01)
Lecturer: Le Thi Thanh Xuan
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Ethical Egoism in Business: Individual and Universal Perspectives, Summaries of Human Development
An overview of ethical egoism, a philosophical theory that argues individuals should act solely in their own self-interest. The differences between individual and universal ethical egoism, their pros and cons, and examples. Students will gain a deeper understanding of ethical egoism and its implications in business.
Typology: Summaries
2022/2023
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ETHICAL EGOISM
IN BUSINESS
Group assignment 1 - Outlaws (CC01) Lecturer: Le Thi Thanh Xuan
Member List
- Dương Thanh Ngân Name Student ID - Trần Lê Như Tuấn - Trương Quốc Thống - Đoàn Duy Khang - Đoàn Duy Bách
- Nguyễn Ngọc Ánh Hoa - Nguyễn Chí Thành - Ngô Thanh Trúc - Nguyễn Gia Bảo
- Nguyễn Thanh Hiền
Conclusion 05
Universal Ethical Egoism
Table of contents
Definition Individual Ethical Egoism
04 References
DEFINITION
01
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.
INDIVIDUAL ETHICAL EGOISM 02
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
FOR EXAMPLE
- You pay your employees fair wages , provide a safe
working environment , and offer opportunities for
career advancement
- This not only fosters employee loyalty but also
increases their productivity and reduces turnover ,
saving you money in recruitment and training costs
CONCLUSION
04
REFERENCES
05
● 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)