key term - Deontology

Definition

Deontology is a theory in ethics that suggests actions are right or wrong based on a set of rules, regardless of the outcomes. It emphasizes the importance of adhering to moral duties and principles when making decisions.

Related terms

Ethics:

The branch of philosophy that deals with questions about what is morally right and wrong, good and bad.

Business Ethics:

The study of proper business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.

Corporate Social Responsibility (CSR): A self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public