Types Of Ethical Approaches For A Business Interaction

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 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 also known as the principle of utility is an ethical theory proposed by early philosophers. This theory implies that actions are only judged by its consequences whether they are good or bad. One should perform a particular action because it will yield the best results for all. This approach also analysis the cost and benefit relationship. The downfall with this theory is that not everyone benefits (Fremgen, 2016).

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 an ethical theory with the rule, “act in such a way as to maximize the expected satisfaction of interests in the world, equally considered.” We try to act in such a way that considers everyone’s pains and pleasures. With this in mind, we have to discover what truly makes others happy. We should not ignore those that are affected by our behavior.

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 the moral doctrine that we should always act to produce the greatest possible balance of good over bad for everyone affected by our actions (Shaw & Barry, 62).

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

The utilitarian faces many problems because he loses any ability to live a personal life. By this is meant that in making decisions the utilitarian must consider the steps which lead to the highest level of goodness in society. The utilitarian reaches for the greatest good for the greatest number of people. Two main aspects dominate the light of utilitarian beliefs. The consequentialist principle explains that in determining the rightness or wrongness of an act one must examine the results that will follow. The utility principle is that you can only deem something to be good if it in itself will bring upon a specific desired state, such as happiness or fulfillment. There are two types of utilitarians: Act utilitarians and Rule

1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer

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

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