The ethical theory that an act you choose should produce the greatest amount of pleasure or happiness and the least amount of pain or suffering‚ is known as Utilitarianism. However‚ this theory is not about your happiness alone‚ but about making the greatest moral choices‚ that brings the utmost happiness to everyone. This theory comes from consequentialism which is a family of concepts that share the same idea; if an act creates positive results‚ then it is thought to be good. Utilitarian’s must
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4 Decision Options…………….…………………………………………………………………….6 Recommendation………………………………………………………………………………….8 Problem Definition: In early 2007‚ Ford Motor Company is struggling to stay afloat with flat sales and increasing costs in an incredibly competitive market. Over the past five years‚ despite many attempts at restructuring and cutting costs‚ Ford Motors is suffering falling market shares and serious financial losses. They posted a loss of $12.7 billion for 2006‚ the largest full year loss
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Define Utilitarianism -Utilitarianism is a moral philosophy‚ generally operating on the principle that the utility (happiness or satisfaction) of different people can not only be measured but also meaningfully summed over people and that utility comparisons between people are meaningful. -Utilitarianism is the idea that the moral worth of an action is determined solely by its utility in providing happiness
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Ford’s liquidity has improved over the past 3 years. From 2007 to 2008‚ liquidity went down‚ but improved in 2009 better than 2007. Ford has the ability to pay for its current liabilities 1.39 times and without assets‚ Ford has the ability to pay for its current liabilities 1.28 times‚ which means they do not have to rely on sales of inventory. For 2009‚ Ford’s quick ratio was 1.28 and their current ratio was 1.39 which both we better than the industry average which was .90 and 1.17‚ respectively
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Ford Motor Company [pic] Morten Anders Rosenkrands LUC 2004 Table of contents 1. Introduction 2 2. What is the history of the Ford Motor Company till today? 3 3. Why is the Ford losing market shares in Denmark? 4 4. What can ford do to counter act this? 5 5. What are the Ford Motor Companies plans for the future? 5 6. Conclusion 6 7. Literature list 7 1. Introduction In the last 100 years The Ford Motor Company has been a leading contributor
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Mayor Rob Ford’s use of staff A Toronto man has filed a complaint against Mayor Rob Ford with the city’s integrity commissioner‚ alleging improper use of influence and city property. His complaints stem from allegations outlined in a police document released in court and in media reports. Ray Fredette‚ 62‚ filed his formal complaint to the Office of the Integrity Commissioner last week‚ claiming that Mr. Ford broke the council code of conduct by using city-paid staff and resources for personal
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Henry Ford (July 30‚ 1863 – April 7‚ 1947) was an American industrialist‚ the founder of the Ford Motor Company‚ and sponsor of the development of the assembly line technique of mass production. Ford did not invent the automobile‚ but he developed and manufactured the first automobile that many middle class Americans could afford to buy. His introduction of the Model T automobile revolutionized transportation and American industry. As owner of the Ford Motor Company‚ he became one of the richest
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always encounter obstacles and have to make decisions. Many times‚ these decisions are made with the individuals own guidelines and morals. However‚ there are many different perspectives for a person to have and follow by; one of which is utilitarianism. Utilitarianism is the ethnical theory that holds that actions are morally good in so far as they promote utility. The principle of utility goals is to produce the greatest amount of happiness and good for the greatest number of people. (Restrepo). In
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utilitarianists‚ like Jeremy Bentham and J. S. Mill‚ offered a revolutionary approach to understand the demand-side of the economy. They consider the usefulness of the product as a whole rather than its process of production. In the development of the utilitarianism‚ reformists present a much more realistic‚ practical and comprehensive discussion of the nature of the economy: the necessity of comparative utilities‚ the concern about the distribution and quality of the utility‚ the key social influence
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THE FORD CASE Executive Summary After carefully analyzing Ford’s existing supply chain I immediately became aware of its highly complex nature. This high level of complexity combined with other internal and external factors have pushed Ford to search for solutions in order to overcome the costly supply chain challenges that they are facing and may continue to face in the future. Ford’s major difficulty in their present system is: the inefficient control of
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