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Key ethical theories
Compare and contrast Utilitarianism with Deontological Ethics
Utilitarianism compared to deontology
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The object of this essay is to establish whether there is an ethical theory that can be successfully applied to business organizations. In order to answer this question, it is necessary first to define the major ethical theories, which are utilitarianism, deontology and virtue ethics, before determining whether there are any other options. After that, the ethical needs, problems and limitations of work organizations will have to be examined so that the different theories can be evaluated in this context. It will also be important to draw a distinction between the terms “accurate” and “useful” as these actually result in two different questions the answer to which need not necessarily be the same. Another essential part of this discussion is the more general question why there should be ethics in work organizations in the first place, and to what extent ethical behavior is feasible in the business world. Hopefully this will provide a framework within which the answer to the essay question can be included.
To begin with, the “traditional” approaches to solving moral problems will be defined, namely those of act-utilitarianism and deontology. These are traditional not because they have existed longer than virtue ethics, but because for a long time they have been the approaches most commonly used as a basis for trying to solve ethical problems. After looking at these two moral theories, the approach of virtue ethics regarding moral dilemmas will be investigated in order to compare differences and advantages as well as problems.
Utilitarianism is a form of consequentialism developed by Jeremy Bentham and John Stuart Mill. It adopts the consequentialist view that it must be right to make the world a better place and therefore the right action is the one that produces the best consequences. Utilitarianism takes this one step further and defines the action that will produce the best consequences as the one that produces the most happiness. Act-utilitarianism holds that each case should be judged separately in terms of which possible action would maximise happiness; this means that there are no rules to follow, but the theory seems to provide a decision-procedure to act upon in that one acts upon a principle of justice.
Intuitively this seems to be an appealing solution to ethical dilemmas. To maximise happiness makes utilitarianism a noble ideal. Furthermore...
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This paper is an analysis of the ethical business decision matrix developed by The George S. May Company (May), a management-consulting firm. The paper will also compare how these guidelines were used by John D. Beckett (Beckett) in his company and how the author’s firm, PricewaterhouseCoopers, LLC (PwC), uses them. The guidelines are meant to be used by employees. These guidelines are specifically a measure of moral and ethical principles tied to business ethics in acceptability of right and wrong behaviour in the workplace.
Utilitarianism is a moral theory that seeks to define right and wrong actions based solely on the consequences they produce. By utilitarian standards, an act is determined to be right if and only if it produces the greatest total amount of happiness for everyone. Happiness (or utility) is defined as the amount of pleasure less the amount of pain (Mill, 172). In order to act in accordance with utilitarianism, the agent must not only impartially attend to the pleasure of everyone, but they must also do so universally, meaning that everyone in the world is factored into the morality of the action.
In the book, If Aristotle Ran General Motors, Tom Morris argues that the teachings of the ancients can and should be applied to today's corporation. His message is that the four virtues - truth, beauty, goodness, and unity - form the foundation of human excellence. Putting them into practice leads not only to self-fulfillment, but ultimately to an open, nurturing, and ethical workplace that is more productive and successful in the long-term. The purpose of this essay is to examine how Morris treats the system of ethics in relation to these four virtues.
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Utilitarianism provides a method for calculating the moral worth of specific actions in terms of their consequences. Utilitarianism teaches that happiness comprises the fundamental purpose and pursuit of human life. Therefore, the value and worth of any given action should be evaluated in terms of its ability to produce happiness. The utilitarian defines happiness as pleasure and the absence of pain, and teaches that in all cases individuals should act in such a way as to achieve the greatest amount of happiness for the greatest amount of people. Utilitarianism...
The ethical theory of utilitarianism has one basis, one must chose the action that will contribute to the greatest good; the greatest good for the greatest number. In any instance one may ask, which action will make the most people happy and how long? As a method
“Utilitarianism is the creed which accepts as the foundations of morals utility of the greatest happiness principle holds that actions are right in proportion as they tend to promote happiness, wrong as they tend to produce the reverse of happiness.” (Mil, 90). Utilitarianism ethics is based on the greatest good for the greatest number meaning that the moral agent does what he/she thinks will be
Trevino, L., & Nelson, K. (2011). Managing business ethics - straight talk about how to
Utilitarianism is a consequentialist theory that was first theorized by Jeremy Bentham, who summed up the fundamental quality of utilitarianism as, “It is the greatest happiness of the greatest number that is the measure of right and wrong.” Bentham was not a religious person and did not want to involve
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