Ethical Theories Utilitarianism Utilitarianism is most often associated with Jeremy Bentham (1748-1832) and John Stuart Mill (1806-1873). According to utilitarianism principle‚ a decision is ethical if it provides the greater utility than any other alternative decision. Thus the decision maker must evaluate each decision alternative‚ and then select the one that yields the greatest net utility (Fritzsche‚ 1997). There two types of utilitarianism‚ act and rule. Individual decisions are evaluated
Premium Utilitarianism Rights Human rights
The theory of justice is a work of political philosophy and ethics by John Rawls. According to Gomez‚ philosopher John Rawls who lived between 1921- 2002‚ argued the notion of social justice as fairness in his book "A Theory of Justice." He used foundations of utilitarian and Kantian philosophy to create a possible technique to estimate the ethics of social and political institutions. The principles of justice theories was Rawls ’s theory and it is dependent on two important and central principles
Premium Law John Rawls Police
Final draft: 08 Theories of economics: classical economics verses Keynesian economics. Mamun‚ M.H.A Classical and Keynesian economics are two different economic philosophies. The classical economists usually oppose government intervention and believe that the free market creates efficiency automatically (Greenwald et al‚ 1988). However‚ Keynesian economists are in favour of general intervention by the state to create an efficient market (Blinder‚ 2007). Looking at price
Premium Keynesian economics Macroeconomics Aggregate demand
Structural Functionalism looks at society as a whole and tries to explain why society functions the way it does. Functionalism also wants to look at how different institutions impact our everyday lives. Emile Durkheim‚ the central figure in functionalist theory‚ turned to concrete science of sociology rather than abstract moral philosophy to bring about social change (Ferris‚ Stein 22). Durkheim believed that people should play their part in society and society cannot thrive if people are not working together
Premium Sociology
Functional Theory of Attitude – From the marketing point of view this is based on the need fulfilment of a buying behaviour. The functions that attitudes perform are : 1.Utilitarian – Consumers buy products to fulfil their need‚ enjoy some benefit‚ get someextra features & receive after-sales service. If they get it as per their expectations‚ theydevelop a positive attitude towards that product. If not then a negative attitude isdeveloped. Marketers usually stress & highlight the positive
Premium Cognition Marketing Psychology
CRITICALLY EVALUATE THE CONTRIBUTION OF STRATEGIC HRM IF THE STRATEGIC BUSINESS PLAN IS FORMULATED AS (a) A CLASSICAL (or prescriptive ) BUSINESS STRATEGY (b) A RESOURCE-BASED (or capability) BUSINESS STRATEGY. Introduction ‘Strategic HRM involves keeping abreast of the times and developing organizational strategies that prepare organizations not only to respond to changing environmental pressures but proactively to seize the initiatives in their various markets.’
Premium Strategic management Management Human resource management
ethical theory to determine which style‚ form‚ or behavior of ethics fits with our beliefs and culture. Some of these different types of theories include virtue theory‚ utilitarianism‚ and deontological ethics. Although these all fall into the category of a theory of ethics and may seem to be similar‚ they are also very different. When looking at the virtue theory of ethics‚ we can see that the term character can be used in the place of virtue. According to Ben (2007)‚ the virtue theory has roots
Premium Ethics
Theory of Justice CJA 530 Ethics in Justice and Security February 21‚ 2011 Theory of Justice There are many different definitions of justice. Along with definitions there are the many theories to go along with them. Philosophers throughout time have theorized and formed what justice is. In the following paper I will discuss and analyze some of the theories I have discovered in my research. Principles of Justice When looking at principles of justice we first need to understand what the definition
Premium Justice Utilitarianism Law
University of Nebraska at Lincoln Professor Sobel Philosophy 106 The Utilitarian Approach What is morally right‚ and what is morally wrong? Different ethical theorists have a wide variety of definitions to this question. Although it wasn’t until the ethical revolution during the 18th and 19th centuries that utilitarianism took center stage defying all other theories. David Hume‚ Jeremy Bentham‚ and John Stuart set this revolution into progress stating that utilitarianism explains that morality
Premium Ethics Morality Religion
Introduction There are many theories given by different group of researchers about the existence of multinational enterprises or MNE’s. According to John Cantwell‚ it was in the 1970’s and 1980’s that many theories on MNE’s were proposed. These theories were either general theories of MNE’s which were called the main institution for international production or the theories on foreign direct investment‚ the means by which international production is done ( Pitelis‚ Christos N. and Sugden‚ Roger
Premium Economics Multinational corporation International economics