MAN0812M – Ethics in Business and Society Individual Assignment Lecturer: Mr Darwin Joseph Q1. Shareholder theory argues that maximising shareholder interest (typically profit maximisation) will‚ via Adam Smith’s “invisible hand” tend to maximise utility because it will result in the most favourable happiness/unhappiness ratio. (On the hand) Advocates of stakeholder theory argue that all stakeholders (shareholders‚ employees‚ customers‚ suppliers‚ society etc) should be taken into considerations
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5. Relativism Many different ideas have been given the name ‘relativism’‚ and the term has been used to pillory all sorts of views (sometimes for good reasons‚ sometimes for bad ones). It is mere posturing to say that you are for or against “relativism” unless you say what you mean by the term. Here I want mainly to discuss (and to criticize) a view I have encountered among students in philosophy courses‚ who say things like this: "What anyone believes is true for that person. What you believe
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I think Utilitarianism is the most morally right thing to do in situations where human lives are involved. I believe this because in a situation where you can either save nine humans lives but you have to kill one or you just don’t do anything and let the nine people die and one survive I think it is only logical to pick the option where you save the most lives. However some people will say that using utilitarianism shouldn’t be used because you would be regarded as a murder which is a sin and is
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notion; duty of care. The recent claims of Contractarianism in the Academy of Management Review are analyzed critically and found wanting to a high degree. Kohlberg’s paradigm shares the inadequacy of contractarianism‚ Kohlberg (1978) is a universalist and therefore a recognizably ethical moral framework that shares with contractarianism the drawbacks of a problematic‚ a priority rationality in terms of its exclusively ethical judgments. The care theory has recently depicted to have begun to gain
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of the biochemical produced a cure causing thousands of lives to be saved‚ then this may make him a good person. The result of this biochemical produced happiness for the masses by saving lives and curing disease. Considering the principle of utilitarianism is pleasure of the masses‚ the result of his actions would now be considered moral due to the amount of happiness that was produced. Although this may be a simple explanation of the scenario‚ other factors must be taken into account‚ such as
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ETHICAL DILEMMA in social work This essay will address the ethical dilemmas faced by social workers and how they address these ethical dilemmas when working with service users and carers. It will be illustrated that codes of practice and codes of ethics are of paramount importance when dealing with these dilemmas as they are ones that guide social workers as to how they should try and solve these dilemmas. Social workers encounter ethical dilemmas every day during their work. Banks‚ in her explanations
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Essay II Q2. Mill mentions those who object to utilitarianism on the grounds that it holds humanity to an excessively high moral standard. Why might someone make this argument? How does Mill respond to it? What is your view: Are the requirements of utilitarianism excessively demanding? Why or why not? Utilitarianism does not take into account the flaws of human nature and by doing so‚ holds them to a standard that can never be attained by an entire society. People grow and develop over time
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Our case this module‚ one of virtue ethics‚ brings us to a systematic overhaul of one of the largest toy making companies in the world in Mattel. The overhaul took place during almost the entire first decade of the second century. The over haul was in compliance with the Global Manufacturing Principles (GMP). This is an amazing case that I feel is similar to inflicting pain on yourself in order to get used to pain therefore a stronger and better person. The thing that I do not understand is that
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Utilitarianism Key Features • • • Relativist Theory – – – – – – – No Absolutes Morality Depends on individual circumstances Happiness is the most important thing Quality and Quantity of Happiness need to be taken into account The Measure of Usefulness or Fittingness for purpose an action may have Teleological Ethical theories such as Utilitarianism tend to rely on the principle of utility It is the way of measuring how useful an action is in bringing about the consequences that we desire Equality
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UTILITARIANISM Utilitarianism is an ethical theory that holds that an action is right if it produces‚ or if it tends to produce‚ the greatest amount of good for the greatest number of people affected by the action. Otherwise the action is wrong. This cost-benefit analysis is a form of utility calculation. People in business theory use utility curves to plot the results of various actions‚ choosing those that maximize whatever it is that they wish to achieve. This utility approach is not foreign
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