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The concept of rights plays a crucial role in many of the moral arguments and moral claims invoked in business discussions. E.g: Right to equal pay for equal work, right to know, right to manage etc. Right is an individuals entitlement to something. E.g. Legal rights and moral rights.
1. Both parties should have full knowledge of the nature of the agreement they are entering 2. Neither party should intentionally misrepresent the facts of the contractual situation to the other party. 3. Neither party should be forced to enter the contract under pressure or threat. 4. The contract should not bind the parties to an immoral act.
1. First formulation of CI
An action is morally right for a person in a certain situation if, and only if, the persons reason for carrying out the action is a reason that he or she would be willing to have every person act on, in any similar situation. Two criteria for determining moral right and wrong: Universalizability: The persons reasons for acting must be reasons that everyone could act on at least in principle Reversibility: A persons reasons for acting must be reversible. One must be willing to have all others use those reasons even against oneself. Note: Unlike utilitarian principles, Kants categorical imperative focuses on a persons interior motivations and not on the consequences of external actions.
2. Second formulation of CI
An action is morally right for a person if and only if in performing the action, the person does not use others merely as a means for advancing his or her own interests, but also both respects and develops their capacity to choose freely for themselves. The principle states that people should not be treated as objects incapable of free choices and should not be used as tools or machines that can be manipulated, deceived or unwillingly exploited.
3. Criticism:
1. CIs are unclear 2. Rights can conflict 3. Rights can go wrong