Discussion about Ethics
Management 100 Essay Assignment
Introduction
In the last two decades, the ready-made garment (RMG) industry, which accounts for 80% export earnings, has been the life-blood of economy of Bangladesh (Ahmed, Raihan, Islam 2013, 68-80). The industry also employs about 2 million and its income is among one of the top three sources of economic development and GDP growth of the country (Hasan 2013, 296-306). Nevertheless, the latest report of Human Rights Watch (World Report: Bangladesh 2013) indicates the conflict when garment workers in this country have been suffering seriously from poor working conditions. This circumstance, along with a building collapse killing over 1100 people leads to a safety accord that was proposed among Australian retailers to improve the working conditions of Bangladeshi workers (Kmart, Target sign 2013). Although it can increase operating costs, for a large Australian clothing retailer, they should sign up the accord because it will bring about benefits not only for Bangladeshi worker but also for them. This essay will mainly discuss the three ethical decision making approaches, along with justification for the utilitarian model that is chosen for this circumstance.
The three ethical models
In general, there are three kinds of decision making when managers have to face with an ethical problem. All of these three decision making approaches has its own advantages and disadvantages and need to be considered before applying.
Firstly, utilitarianism focuses on generating the greatest goods for everyone as much as possible (Robbins et al 2011). Normally, all course of action is considered very seriously before choosing the right one which brings about the most benefits for the most of stakeholders. Nevertheless, this decision making approach still have a problem is how we can measure benefits and harms among each groups of stakeholders. During the situation in the essay, signing this accord will definitely bring about
Introduction
In the last two decades, the ready-made garment (RMG) industry, which accounts for 80% export earnings, has been the life-blood of economy of Bangladesh (Ahmed, Raihan, Islam 2013, 68-80). The industry also employs about 2 million and its income is among one of the top three sources of economic development and GDP growth of the country (Hasan 2013, 296-306). Nevertheless, the latest report of Human Rights Watch (World Report: Bangladesh 2013) indicates the conflict when garment workers in this country have been suffering seriously from poor working conditions. This circumstance, along with a building collapse killing over 1100 people leads to a safety accord that was proposed among Australian retailers to improve the working conditions of Bangladeshi workers (Kmart, Target sign 2013). Although it can increase operating costs, for a large Australian clothing retailer, they should sign up the accord because it will bring about benefits not only for Bangladeshi worker but also for them. This essay will mainly discuss the three ethical decision making approaches, along with justification for the utilitarian model that is chosen for this circumstance.
The three ethical models
In general, there are three kinds of decision making when managers have to face with an ethical problem. All of these three decision making approaches has its own advantages and disadvantages and need to be considered before applying.
Firstly, utilitarianism focuses on generating the greatest goods for everyone as much as possible (Robbins et al 2011). Normally, all course of action is considered very seriously before choosing the right one which brings about the most benefits for the most of stakeholders. Nevertheless, this decision making approach still have a problem is how we can measure benefits and harms among each groups of stakeholders. During the situation in the essay, signing this accord will definitely bring about