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Generally speaking, utilitarian philosophy teaches that the consequences of actions are always of great importance and that justice and beneficence should be the guiding principles while making decisions (Hales 1608). When Oliver North was asked to explain why he lied to congressional committees about his role in the Iran-Contra affair, he replied, "Lying does not come easily to me. Utilitarianism is a philosophical approach that is very often applied to ethics. The utilitarian approach to business ethics suggests that: a. people should be treated as ends and never purely as means to the ends of others. Business owners and managers can use an ethics theory they deem most appropriate for use in their operations. Utilitarianism (Consequence-based Ethics) 2 years ago • Ethical Theories and Frameworks • 0 One of the most influential ethical frameworks , utilitarianism is focused on consequences and results; the sole basis of morality is determined by its usefulness or utility . For Kant the consequences of whistleblowing (e.g. What is the utilitarian approach to business ethics and examine its weaknesses? One approach maintains that we judge actions by their consequences and the other maintains that we judge actions by appeal to rules. A Kantian approach to business ethics The importance of purity of motive • Kant argued that the highest good was the good will. Utilitarianism is already widely used as a business ethic approach, although it is not well developed in the literature. D. ensuring justified treatment of … d. In this article, I suggest and support a utilitarian approach to business ethics. Calculating Consequences: The Utilitarian Approach to Ethics. To act from a good will is to act from duty. losing a job) are irrelevant as if an employer is acting unethically, the employee has a duty to report them. clients, colleagues, the community. Last time, we talked about the Utilitarian Approach to ethical decision-making. The utilitarian philosophy for business ethics primarily focuses on: A. applying home-country standards of ethics in foreign countries. Utilitarianism is already widely used as a business ethic approach, although it is … As an ethical theory, it was supported by the works of John Stewart Mill and Jeremy Bentham. ‘Kantian ethics provides the best approach to business ethics.’ Discuss. Question added by Atallah Alenizi , Project Manager , Directive Date Posted: 2015/12/12. Companies will attempt to work out how much something is going to cost them before taking action that should, ideally, result in consequences favourable to everyone. Utilitarianism provides a guiding framework of decision making rooted in social benefit which helps direct business toward more ethical behavior. Utilitarianism is already widely used as a business ethic approach, although it is not well developed in the literature. The second theory, called deontology, will be addressed later. In business contexts, utilitarianism implies an obligation for businesses to do what they can to act in a way that maximizes happiness and minimizes suffering. For Kant emotions/ consequences are not considered; For 18th Century Immanuel Kant duty is all important and must be done through good will. In applying utilitarian principles to business ethics, the cost-benefit analysis is most often used – it is a good decision making tool. Legal Administration Business Administration. 63. Of course, every dilemma can be dissected using more than one approach, and thus, the end result or decision may […] By Staff Writer Last Updated Mar 27, 2020 5:43:31 PM ET. By Claire Andre and Manuel Velasquez . The Utilitarian Approach • The ethical action is the one that produces the greatest good and does the least harm for all stakeholders e.g. C. people have dignity and need to be treated as such. The utilitarian approach to business ethics suggests that: A. people should be treated as ends and never purely as means to the ends of others. C. maximizing business profits by increasing employee productivity. Business & Finance Geography World View Science Pets & Animals Home / World View / Philosophy / Ethics / What Is the Utilitarian Approach? The idea of applying utility to ethics has its roots in 18th century philosophy. These just didn't work, as there was no incentive to keep the rules, and lots of reasons to break them. A hard-core utilitarian would say that outcomes are all that matter. What Is the Utilitarian Approach? Upvote (1) Views (6366) Followers (2) Write an Answer So, utilitarianism provides a basis for criticizing business behaviours that cause harm to anyone at all. In this article, I suggest and support a utilitarian approach to business ethics. Thus, it is the intention behind an action rather than its consequences that make that action good. A few different business ethics theories exist, such as the utilitarian, rights, justice, common good and virtue approach. Business ethics theories include the moral principles or codes a company implements to ensure that all individuals working in the company act with acceptable behavior. Business ethics is the code of principles and values that govern the decisions and actions within an organization. Although different varieties of utilitarianism admit different characterizations, the basic idea behind all of them is to in some sense maximize utility, which is often defined in terms of well-being or related concepts. Kantian ethics is deontological, meaning that the actions rather than the consequences matter in ethical decision making. When used in a sociopolitical construct, utilitarian ethics aims for the betterment of society as a whole. In this article, I suggest and support a utilitarian approach to business ethics. That is, the utilitarian approach seems to imply that it would be ethical to inflict pain on one person if that action results in a net increase in happiness. B. adopting the ethics of the culture in which a business operates. Kantian Ethics/ Business Ethics. As a part of general and practical ethics, business ethics focuses on moral or ethical principles and issues that occur in the business environment, providing judgments as … Mait Juriado photo/Moment/Getty Images. For Kant, the essence of morality is the goodwill, and, reason is at the centre of morality. BUSINESS ETHICS :: Utilitarianism • Introduction • Jeremy Bentham • Theory of Utility • Types of Utilitarianism • Some Criticisms • Moral Dilemma Introduction Over the course of the next two lectures we will be looking at two of the most politically and philosophically significant … The utilitarian approach to business ethics. B. the moral worth of actions or practices is determined by their consequences. Utilitarianism, in normative ethics, a tradition stemming from the late 18th- and 19th-century English philosophers and economists Jeremy Bentham and John Stuart Mill according to which an action is right if it tends to promote happiness and wrong if it … • The utilitarian approach deals with consequences; it tries both to increase the good done and to reduce the harm done. Business Ethics has in many ways made a move towards an Aristotelian approach. In the past, there was a focus on rules within a business. More generally, we are reviewing five theories that provide the ethical building blocks you can use in your classroom to debrief any ethical dilemma. D. human beings have fundamental rights and privileges that transcend national cultures. b. the moral worth of actions or practices is determined by their consequences. c. people have dignity and need to be treated as such. Utilitarianism provides a guiding framework of decision making rooted in social benefit which helps direct business toward more ethical behavior. Utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for all affected individuals. Utilitarianism in business can lead to a bottom-line mentality in which decisions are based on achieving the greatest good for the organization as it pertains to the greatest number of stakeholders, including shareholders and all others affected by the actions of the organization The outcome is the determining factor, not the intent of the actors or whether people are treated humanely. The first theory, utilitarianism, we will consider in this lecture. In a sociopolitical construct, utilitarian ethics aims for the betterment of society as a whole View philosophy. Stakeholders e.g Finance Geography World View / philosophy / ethics / What is the code of and! 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