The On Corporate Responsibility Final Paper

Utilitarianism, in the contrary, is based on the principle of utility or usefulness. Utility is what encourages an agent to act in a particular way (Tuckett, 1998). Utility can be explained as maximizing the good like pleasure and happiness and minimizing the bad like pain and evil, all leading to the greater good for all parties involved. It weights the consequences of the actions equally between the ones involved, and the ethical solution would be to follow the greater good for most if not all the parties involved.

Utilitarianism is a philosophical theory that states something is considered to be right when it does the most good for most the most amount of people (Duignan 2015). This theory doesn’t consider the feelings of the individual; it considers the feelings of the majority (Duignan 2015). Utilitarianism is very different from relativism, which takes into account the totality of circumstances, this philosophical theory states that what is considered to be right or wrong can vary depending on people and society (Rachels 2015).

Utilitarianism is another theory in which its main objective is to explain the nature of ethics and morality. Utilitarianism is an ethical theory which is based upon utility, or doing that which produces the greatest happiness. According to a utilitarian the morality of act is found just if the consequence produces the greatest overall utility for everyone. However, if the greatest possible utility is not produced, the action is then morally wrong. This view says that a person should act as to produce the greatest overall happiness and pleasure for everyone who may be directly or indirectly affected by the action. Therefore, a utilitarian would require that for every action the corresponding consequences for every action should be thoroughly weighed and alternatives proposed before deciding whether or not to perform such an action.

Utilitarianism is a theory in normative ethics supporting the idea that the morally correct course of action is the one that maximizes utility, usually defined as maximizing totally benefit and minimizing suffering. By ‘utility’ in this sense we mean ‘happiness’ or ‘pleasure, or similar. Although there are many varieties,

There are several theories that try to explain the morality of the actions; however, two stand out. the first is deontology, and the other one is utilitarianism. The former follow the idea that the consequences of you action hold no importance in what we ought to do. But rather, some actions are morally wrong or good by itself. The latter follows an opposite view in which the consequences of an action are what it makes an action moral. Specially, if that action produce the greatest happiness over unhappiness. In this essay I will focus on two Utilitarianism ramifications, act utilitarianism and rule utilitarianism. They both agree that consequences must be the greatest factor in deciding what we ought to do. Nonetheless they have one big difference. Rule Utilitarianism generalize acts and recreate the consequences of a rule. If the consequences are ultimately favoring, then it is morally right. By way of contrast, Act Utilitarianism evaluate each action individually, and similar situation would have different outcomes depending on the situation. There is no universal rule unlike rule utilitarianism.

Utilitarianism is a theory aimed at defining one simple basis that can be applied when making any ethical decision. It is based on a human’s natural instinct to seek pleasure and avoid pain.

Utilitarianism is a philosophical theory. It concerns how to evaluate a large range of things that involve choices communities or groups face. These choices include policies, laws, human’s rights, moral codes,

Utilitarianism is a consequentialist theory that judges an action on its outcomes and aims to maximize happiness. This means finding the action that generates the “greatest good for the greatest number”.

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

In contrast, utilitarianism is an ethics systems based on pleasure and well-being for all parties involved. This systems recommends making the decision that will bring the greatest amount of well-being to the greatest number of people

LO 1.1: Briefly explain how the globalization has an impact on a national economy ......... 3

Utilitarianism is a moral theory that has long been the subject of philosophical debate. This theory, when practiced, appears to set a very basic guideline to follow when one is faced with a moral dilemma. Fundamental Utilitarianism states that when a moral dilemma arises, one should take action that causes favorable results or reduces less favorable results. If these less favorable results, or pain, occur from this action, it can be justified if it is produced to prevent more pain or produce happiness. Stating the Utilitarian view can summarize these basic principles: "the greatest good for the greatest number". Utilitarians are to believe that if they follow this philosophy, that no matter what action they take, it

Utilitarianism is a consequentialist theory, as explained by the philosopher Mill. Given several choices, a utilitarian would pick the morally correct choice by using the Greatest Happiness Principle (487). By looking at whether the consequences of an action will produce the greater happiness for the greater number of people than another action would, one can

Shared value is a business strategy which focuses on creating overall value while addressing social problems. This concept of management strategy was expressed in the “Creating Shared Value” article by Porter and Kramer. Shared value is not just an aspect of a company’s growth strategy or general business operations. It is well integrated in the way a company operates along with what their goals are as an organization. The value created for a company’s targeted end user also has some sort of social impact which benefits their company purpose. Creating social impact is a company goal and success is measured through creating a shared value network. Porter believes that “The ability to address social issues is integral to profit maximization instead of treated as outside the profit model.” He is addressing that profits are not measured by impact not just monetary gains for the company, we can change our mindset to think of profit in a different way. Profit can be a benefit or some sort of added value. In this approach Porter argues that “Corporate social responsibility encompasses not only what companies do with their profits, but also how they make them.” This relationship is the driving force for a company’s development and future growth, and it goes beyond corporate strategy it also incorporates investments and key stakeholders for each company. Quantifying a monetary figure and amount for social impact may be extremely difficult, however it has progressed with awareness and

Utilitarianism is the argument that all actions must be made for the greatest happiness for the greater number of people (Bentham, 42). However, utilitarianism cannot always be the basis of one’s decisions due to the fact that people need to look out for their own pain and pleasure before consulting others’ wellbeing. I will first explain the arguments of the utilitarianism ideal. Then I willl explain why this argument is unconvincing. Ultimately, I will then prove why people consider their own happiness before considering others. Thus showing the utilitarianism view is implausible due to the need for people to consider their own happiness when making decisions or else they themselves will be experiencing the most pain and unhappiness.