Ethical Theories and Ethical Principles Applied to Lorenzo’s Oil Movie Lorenzo’s Oil is a movie about a young child diagnosed with a very rare, inherited neurological disorder called Adrenoleukodystrophy (ALD). A boy named Lorenzo Odone was diagnosed with ALD. Throughout the movie his parents, Augusto and Michaela Odone, along with other characters, demonstrate many ethical theories. Teleology, deontology, virtue ethics, and divine command ethics theories are all expressed in this movie. Lorenzo’s Oil also demonstrates the ethical principles of beneficence and veracity. The condition of ALD had various effects on families affected by this diagnosis. After examining the different ethical theories, ethical principles, and the effects on families, a person may wonder what they would do in the same situation. Ethical Theories Applied Teleological Theory The teleological theory is concerned with the outcome of actions. The word “telos” is Greek for the word “end.” By having the word “end” in the name, it means it is based on the consequence or end of the action. The teleological theory …show more content…
There are many times throughout Lorenzo’s Oil to which beneficence is displayed. In one part of the movie, Augusto’s coworkers from World Bank took a collection and donated money for Lorenzo. Many of the wives of Augusto’s coworkers along with female coworkers donated their time to help the family. The women helped Michaela plan and prepare for the ALD symposium. Wendy Gimble also showed great beneficence towards the Odone family. She was an ALD mother who befriended Michaela. Wendy brought food for Michaela and offered her companionship when needed most. Omouri is another example of an individual which showed beneficence. He flew from Africa to the United States to help the Odone family. Omouri left his entire life in Africa behind to continue his friendship with
She touches on the cases of Kip Kinkel, Sam Manzie, and the movie “The Bad Seed”. Kinkel and Manzie received help at a younger age before they committed their crimes; there is irony that lies in that. The fact that Kinkel had been hearing voices or that Manzie’s Sega Genesis couldn’t be reached are not excuses to Quindlen. Through the author’s use of logos and ethos, she allows the audience to view the situation differently. Her logos is seen through a cause and effect dynamic. In both cases of the boys’ crimes, their psychological problems were the reason of their actions. Ironically enough, when the parents spent too much time focusing on the psychologist and not their child, the treatment did not work. When neither the parents nor the psychologist cared enough about the child’s mental health state, the treatment did not work either. This highlights the importance of the needed balance between home and doctor care. Both cases show ethos, along with “The Bad Seed”. Quindlen possess a disturbed attitude towards this movie. The movie portrays the punishment of children in this case for having struggles. This creates another reason why teenagers silence their problems; to avoid further negativity from those who
The age old question of ethical ambiguity is something that humanity may never resolve. Conflicting morals and the ultimate question of “is what I’m doing right?” is one of the greatest human mysteries. Philosophers, psychiatrists and every individual on the planet must grapple with this moral confusion in an attempt to find unique solutions to everyday dilemmas. In Affleck’s drama Gone Baby Gone, two very notable philosophies collide head on, and the protagonist must choose between the two to find the solution that he feels is ‘right.’
Valuation is the estimation of an asset’s value, whether real or financial, based on variables perceived to be related to future investment returns, on comparison with similar assets, or, when relevant, on estimates of immediate liquidation proceeds (Pinto, Henry, Robinson, Stowe; 2010). Correct valuation of real assets can present challenges to financial analysts. Different models can be used to arrive at the closest estimate of value and yet certain issues will always arise. This case attempts to tackle two approaches in real asset valuation: Discounted Cash Flow (DCF) analysis and the issues surrounding such, as well as the Black-Scholes Model for Real Options. Questions to be addressed in the study are:
In 2016, the crude oil price movement prices were unpredictable. The OPEC reference basket dropped 10 percent to $43.22 per pound. The ICE Brent and NYMEX WTI both went down by 8.4 percent with ICE Brent at $47.08 per pound and NYMEX WTI at $45.76 per pound. This showed that there were uncertainties in the petroleum market. The future prices were predicted for 2017 that it would move higher. The World’s economic growth predictions was the same at 2.9% for 2016 but increased to 3.1% for 2017. Because of the 3rd quarter of 2016 in Japan and US, the OCED growth went from 1.6% to 1.7%. The demand for oil growth in 2016 has been increasing slightly to 1.24 mb/d. In 2017, the demand will be predicted with a decrease to 1.15 mb/d. OECD will
Wildcat Oil has recently discovered a 500 million barrel crude oil reservoir in Kasakstan, and the firm needs a preliminary cost estimate for a feasibility study for a facility to produce the oil and for transporting this oil. Wildcat Oil has already paid the Kasakstan govt. $400M in up-front lease costs for this reservoir. Engineers predict recovery of about 300 million barrels with current technology, however the oil facilities and
There are two major barriers that are leading to an inevitable failure in the Royal Biscuit and Edeling merger. The first, and most important, is the lack of cultural competency between Brighton and Wallach, the two merger officiators. Both parties are displaying characteristics of ethnocentrism and misperception. Second, is the lack of corporate competency resulting from dissimilar corporate cultures, histories and business strategies. If the merger of the two companies is to be successful then corporate synergy must be realized; otherwise the union is doomed to failure.
In this article “Why the Gasoline Engine Isn’t Going Away Any Time Soon,” Joseph B. White states that alternative energy cars could be the start of a revolution in the automaker world, however, complications interfere with the outcome. Although the author suggests different ideas on alternative vehicles, he contradicts himself numerous times while also lacking credibility of any sources.
Valuation is the estimation of an asset’s value, whether real or financial, based on variables perceived to be related to future investment returns, on comparison with similar assets, or, when relevant, on estimates of immediate liquidation proceeds (Pinto, Henry, Robinson, Stowe; 2010).
There are a variety of ethical systems that are in existence. These include systems such as ethical formalism, utilitarianism, natural law, teleological and deontological, and many more and variations of each. The deontological and teleological are among the most interesting perspectives. The deontological ethical system is primarily concerned with the inherent nature of the act being judged while the teleological approach mainly focuses on the outcomes of actions.
Negotiating is the art of managing power. "A negotiator’s power may be critical for the quality of his or her success…" (Kim, Pinkley, & Fragale, 2005, p. 799). There are various sources of power as well as various way to control power and its impact in negotiations. In the case of Pacific Oil's negation with its long time Reliant customer, power was significantly unbalanced to the disadvantage of Pacific Oil and its negotiators. This resulted in Pacific Oil making numerous concessions to the advantage of Reliant. However, there were many actions which Pacific Oil could have taken to balance the playing field in their negotiations, but would have required strategic planning far in advance. Pacific Oil failed
Not only did disorders such as mental illness, physical illness, alcoholism, and impoverishment pass from parent to offspring, but the disorders’ “transformative capacities ensured that each transmission accelerated the degenerative syndrome” (Beer, 2008). If the offspring do not mimic the disease of the parent/s entirely, the disease will manifest itself as different symptoms for each child. In some cases, only certain children are afflicted with the hereditary disease, while others appear to be healthy. In these instances, the “individual disorders were held to represent facets of a deeper degenerative condition” (Beer, 2008). For Dmitry, his disorder seems to mimic that of his father- the love of money, women, alcohol, and other
The Standard Oil Company of California(Socal) is trying to determine how much to bid on the Gulf Oil Corporation. George Keller, the CEO of Socal, would need to borrow 14 billion dollars in order to make a substantial bid. While banks are willing to lend the money because of Socal's low to debt ratio, the loan would put the company in a highly leveraged position. In order to alleviate that debt, some of Gulf's assets could be sold. Keller has to consider the value of Gulf's exploration and development program when calculating future returns. Two billion dollars were being spent on the exploration and development program. This money could instead be used to reduce the debt if Socal acquired the company. However, the exploration program
There are some common use ethical theories; deontology, utilitarian, and virtue ethics. Deontology refers to the important aspects of man lives are control by indestructible moral values and ethical standards regardless if by overruling it improve outcome. In other words, they may do the right thing, even though the consequences of that action may not be good. Utilitarian
Same-sex parenting and in vitro fertilization (IVF) donor privacy are the two main ethical dilemmas offered by the 2010 movie “The Kids Are All Right”. Several other problems crop up throughout the movie, which are also ethical decisions. With personal IVF experience, this movie seemed to be a logical choice, however, the only real similarity I found, is the daily struggles raising teenagers. The real theme of the movie should be the unintended consequences life produces when decision-making is poor or non-existent. A movie summary, followed by a few of the literary reviews, sets the stage for the director’s intentions and a summary of the stereotypes portrayed. Ethical leadership does find its way into the movie, but not from the expected source. Finally, a discussion about the movie’s effect on culture and my outlook on several of the ethical issues come to the same conclusion, the kids are all right.
The oil industry can not be discussed without mentioning the name John D. Rockefeller. Rockefeller changed the business of oil distribution. In the 19th century Rockefeller began his humble beginnings with a small investment, along with two other partners, in the oil refining business. Eventually Rockefeller upset at the direction of the company bought out his partners. He was now buying into refining and developing kerosene and other petroleum-based products. He later named this company The Standard Oil Company which by 1872 nearly owned all the oil refineries in Cleveland. In 1882, Rockefeller took all his holdings and merged them into the Standard Oil Trust. Through smart business