Taylor faces a predicament regarding her lumberyard business and employees due to competitive

Ferrell, O.C., Fraedrich, J., & Ferrell, L. (2015). Business ethics: Ethical decision making and cases (10th ed.). Mason, OH: Cengage.

In difficult financial times, companies face various moral issues to try to keep up with their competitors. Although these issues have a direct impact on employee decision making, businesses rarely address how employees should assess the ethics of their actions and incorporate ethics into their decisions. Often this can be alleviated by creating and maintaining a corporate culture with a focus on

Consequentialism and non-consequentialism are both action based ethical frameworks that people can use to make ethical judgments. Consequentialism is based on examining the consequences of one’s actions as opposed to non-consequentialism which is focused on whether the act is right or wrong regardless of the outcome (Burgh, Field & Freakley, 2006). The three sub-categories of consequentialism are altruism, utilitarianism and egoism.

This decision could help the company to rebuild the trust of customers and suppliers for continuing in business. The workers would suffer a significant economic lost and could lose the motivation to work for the company. But there is a possibility that a positive view could emerge because they could appreciate the company’s efforts to keep them working there, and then cooperate to take the company to the next level.

Before explaining why deontology is the best option for the accounting profession, the definitions of each ethics systems must be explained in detail. First, deontology only takes into consideration the issues of fairness, rights, and commitments (Duska, 2011). This system focuses solely on what is right and wrong no matter what the consequences are for self or others. In other words, a deontologist focuses not on the results of the action, but the action itself (Uyar, et.al., 2015). Deontologists believe that moral decisions are based on their obligations and duties. They believe that right is always right and wrong is always wrong, regardless of the outcome.

Consequentialist: Focuses on the result of an action. The act is considered a good act if the result is good, likewise and act is considered bad if the result produced is bad. Under the consequentialist theory, we have Egoism and Utilitarianism.

1. Consequentialist moral theories see the moral rightness or wrongness of actions as a function of their results. If the consequences are sufficiently good, the action is right; if they are sufficiently bad, the action is wrong. However, nonconsequentialist theories see other factors as also relevant to the determination of right and wrong.

Two examples or branches of consequentialism are egoism and utilitarianism. The definition of utilitarianism is simply, doing the most good for the most people. The definition of egoism is the habit of valuing everything only in reference to one's personal interest; selfishness. Egoism is simply about you and you’re self-interest compared to utilitarianism is looking at others interests. There are pros and cons to each branch; however I personally think egoism is the better model. Both represent or contain an aspect of ethics but, egoism I believe is reflected or more related to the average person in everyday life.

Business is a changing scenario and it has different principles and rules in different environments. To perform a business, there is required a set of principles and rules to be based, so that the actions taken are proper and produce the desired results. (Shoemaker, 1999)Utilitarianism is an ethical theory for ranking various outcome from interpersonal stand point .it is a concept which is based on the theory of performing the right action to produce the right consequence where the benefits are maximised and sufferings are reduced to a minimum. (Gaus, 2001)Deontology is a theory in which only right making properties are good promoting properties. Which is based on being acting based o morality and having a correct motive which ends in all good and no bad.

Today, employees can be considered as the greatest strength of the company. They are the ones who help build the reputation of the company, it is their job to ensure the success of the business, which is why it is very important to keep them satisfied. A recent statistic shows that an American worker has an average of eight jobs in his career (Rudman, 2003). This stat shows how difficult it is to retain a core strength of a company. In this essay, an analysis of a case study is made. The case includes at first, a discussion between Chip Brownlee and Arch carter, the CEO and lead director of Galvatrens respectively. During this conversation, they discussed a lawsuit that a former employee sent to the company for being wrongfully relieved of his duty. Also in the case study after investigation the board of Galvatrens and their CEO made a meeting in order to tackle the problems and know what really happened. In this essay, it will explain the main ethical dilemmas in the case study, and according to these dilemmas a comparison will be made between utilitarian, libertarian, deontological and virtue ethics perspectives. Finally, as a form of an ethical point of view will be used to be the best solution to solve the dilemma of the recommendation.

All employees (including the company executives) should be guided by moral principles and ethical values when making decisions (Balc & Simionescu, 2012). The ability of executives to make ethical decisions can be influenced by their cognitive bias (Zeni, Buckley, Mumford & Griffith, 2015). Utilitarianism is one of the frameworks that can be used to address ethical dilemmas. Utilitarianism holds that decision makers should take alternatives that maximize the happiness of the majority of the stakeholders (Choe & Min, 2011 and Marques, 2015). This presentation will discuss how the 8-step ethical decision making process can be applied when addressing a dilemma using the utilitarianism framework. The presentation will also guide the executives of Toyota on how to address the negative publicity associated with the production of cars with faulty acceleration system.

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

Essentially, consequentialism tries to rationalize a situation by saying that the right action would be the one with the most number of good consequences and most beneficial for the individuals involved (youtube.com) (bbc.co.uk). Reason in consequentialism, does not differentiate the right and wrong, but rather it crafts out the different consequences and options. Thus, people are able to reach a conclusion as to what to do through deductive reasoning, where they deduce the right action (conclusion) from consequences

In the consequentialist theory; all what matters is the consequences, means do not have any importance as long the end result is achieved (Trevino p 40), and utilitarianism theory is may be the best known consequentialist theory (Trevino p 40).

Companies face tough decisions during times of economic downturn -- they cut costs to stay profitable, and when times get very tough, they may decide to make those cuts very deep. These cuts will eventually affect employees. Astratech Communications International (ACI) faced these tough cost cutting decisions. CEO George Anderson started cutting costs with reduced work weeks and pay for employees. Eventually, product demand dropped to the point where George felt layoffs were inevitable. There were multiple approaches to this decision-making process, and all of them could be considered ethical depending on the ethical framework used. This paper examines the ethical issues surrounding George’s reduced work week and layoff decisions