Essays Utilitarian Approach To Business! Utilitarianism and Business Ethics

In business, the management may decide to increase the wages and benefits of their employees if it improves the wellbeing or promotes the happiness of their employees. In this regard, the business will be positively applying utilitarianism when they can balance the principles of pleasure and pain and how they can influence their performance.

Business ethics justifies self-interest orientation. More importantly, it teaches the manager and the employee to be self-interested in a way, which sustains capitalist order, i.e., facilitates maximization of the average rate of return on aggregate accumulation. Utilitarianism as an ethical theory The Basic Idea of Utilitarianism.

A Defense of a utilitarian approach to business ethics, written for Business Ethics: A Philosophical Approach Edited by Werhane and Donaldson.

The term utilitarianism is supported on the basis of morals and acts which can be deemed either right or wrong (Concise Oxford English Dictionary, 2011). The purpose of this essay will be to identify the advantages and disadvantages of utilitarianism, with consideration.

In this article, I suggest and support a utilitarian approach to business ethics. Utilitarianism is already widely used as a business ethic approach, although it is not well developed in the literature. Utilitarianism provides a guiding framework of decision making rooted in social benefit which helps direct business toward more ethical behavior.

An Aristotelian approach to business ethics consists of half a dozen dimensions Of virtue ethics and those six considerations make up the framework of virtue ethics in business and the author calls them Community, excellence, role identity, holism, integrity and judgment.

The Principle of Utility is the very basis of Utilitarianism. It states that something is morally right if it produces pleasure, and morally wrong if it produces pain. As you can see this is the basis of both Act and Rule Utilitarianism: the maximisation of pleasure and the minimisation of pain; The difference is the way in which they go about achieving this.

Examples of Utilitarian Ethics One example of utilitarianism in business is the practice of having tiered pricing for a product or service to different types of customers. For example, the airline industry offers first class, business class and economy class seats on many of their airplanes.

Utilitarianism Provides The Most Useful Approach To.

Applied to business, Kantian ethics is too rigid as the principle of duty stifles progress. For example, in a family run business, they may be partial to choose employees based on who they know and so are motivated by personal interest. However, such sort of partiality is essentially cronyism and cannot be accepted under a Kantian ethical.

Compare and contrast utilitarianism and deontology. Utilitarianism is the principle that the correct form of action be taken to benefit the greatest number of people. Deontology is defined as the area of ethics involving the responsibility, moral duty and commitment.

Utilitarianism states that the morality of an action is determined by its consequences. For example,in utilitarianism it is acceptable if others are harmed but the consequence of the action is the well-being of a greater number of people.

The Kantian And Utilitarianism Approach 914 Words 4 Pages 8. The purpose of focusing on the Aristotelean approach is to delve into business ethics surrounding an individual within their corporation, instead of the focus that centers on groups of people within a corporation.

Also read utilitarianism and business ethics essay. Virtue Theory. Virtue Theory is base on Aristotle’s Nicomachean Ethics and is therefore also referred to as neo-Aristotelianism. Unlike utilitarians who focus on rightness and wrongness of each action, virtue theorists concentrate on character and are concerned about individual’s life as a.

The stakeholder approach is supported by Havard Business School which demonstrates the practicality. The idea that there is nothing wrong with fees and that Kantian ethics can be applied through schemes like Open Book management make the theory practical.

Using the Utilitarian approach to analyze the ethics of Chiquita, the company needed to compare the costs and benefits of their decision and actions taken. For a utilitarian, the alternative where the benefits most outweigh the costs is the ethically preferred action because it produces the greatest good for the greatest number of people.

Virtue ethics is a normative theory whose foundations were laid by Aristotle. This theory approaches normative ethics in substantially different ways than consequentialist and deontological theories. In this essay, I will contrast and compare virtue ethics to utilitarianism, ethical egoism, and Kantianism to demonstrate these differences.

The essay displays Mill's emphasis on rational calculation as the means by which human beings strive toward personal happiness. Mill's remaining philosophical writings elucidate his Utilitarianism.

Argumentative Essays; Book Reviews; Reaction Papers; Place Order; Login; Pricing; FAQs; Stay Connected; Utilitarian Approach to Business. canary; November 15, 2018 No Comments;. Please research the utilitarian approach to business, and explain if you believe this approach is ethical. You will need to obtain from the Library a logon and a.

Utilitarianism and Business Ethics Free Essay Example.

Utilitarianism Provides The Most Useful Approach To.