BP is a multi-national oil company based out of London‚ England. Truly an "oil supermajor‚" BP has more than 115‚000 (2006) employees with operations in more than one-hundred countries throughout the world. BP has a corporate slogan that says "beyond petroleum" and such has been the corporation’s nature since it adopted the slogan in 2000. They are driven not to simply provide petroleum at a reasonable price‚ but to go beyond that‚ researching new forms of energy and providing to customers beyond
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As stated in the PowerPoint this week‚ “Utilitarianism says that the result or the consequence of an act is the real measure of whether it is good or bad. The great good that we should seek is happiness.” Given this‚ what the anthropologist should do depends on if what will cause the most happiness not for herself‚ but for everyone involved? As an egoist‚ you would want to look out for yourself only. In this case‚ the anthropologist would want to tell the appropriate state agency so she doesn’t get
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attempt to find this by applying a rule or several rules that seem to fit with outcomes that we most commonly find are “good”. An ethical based individual moral objective would be to seek the action that has the most affectionate consequence‚ a utilitarianism person would argue for the greatest amount of happiness‚ a Kantianism’s rule would be to follow the categorical imperative‚ and maybe Natural law‚ we do what is in accordance with the purpose of what is believed to be morally correct. There are
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Machiavelli’s The Prince is a comprehensive guide on how a prince should govern. Written in 1513‚ it addresses a multitude of topics‚ including whether one should be feared or loved‚ how to avoid hatred‚ and how a prince should spend his money. While the advice was more applicable in the Renaissance‚ when most rulers governed with absolute power‚ either in their city state or their country‚ it does not apply well to today‚ when institutions such as parliaments and congresses exist to check the power
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Utilitarianism & Stockholder Theory There are many theories when it comes to business ethics and what approaches to take. Two of these leading theories today are Stakeholder Theory and Stockholder Theory. But how does a business executive decide which theory to use when approaching business ethics? This could be determined by the choice of ethical decision-making model by the individual executive. In this essay‚ I will attempt to provide a basis for which a utilitarian thinking business executive
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The Lifeboat Case and Utilitarianism Imagine that four men are placed in a life or death situation. They are stranded in a boat in the middle of the ocean with nothing to eat for nourishment. In a severely weakened state‚ the men decide that for the benefit of the majority they will draw lots and eat whoever draws the shortest; one of the men refuses to draw. The next day‚ in spite of the lottery‚ the youngest boy is killed and fed on by the other men. The argument proposed to justify their actions
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systems debated today are utilitarianism and deontology. These two traditions parallel the sayings “the ends justify the means” or “the means justify the ends”. Inspired by Jeremy Bentham’s philosophies‚ John Stuart Mill applied his ideals to his many pamphlets and short works regarding Utilitarianism. This philosophy considers that the best thing to do ethically for a society is to maximize its happiness‚ interests‚ preference‚ or well-being. In effect‚ utilitarianism focuses on outcomes or the
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Act and Rule Utilitarianism There are a lot of differences and similarities between act and rule utilitarianism. Act utilitarian supports the principle of utility must be applied to each individual situation. The rightness or wrongness of an action is determined by its usefulness. This was Bentham’s idea when he established that pleasure and pain was important qualities for determining what was morally right or wrong. With Act Utilitarianism‚ you must decide what action will bring the greatest
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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" (DeGeorge‚ 44). The utilitarian approach assesses each action separately and the effects that arise from it. Act utilitarianism‚ the most common form used in many circumstances‚ looks at the consequences of each individual act and calculate utility each time the act
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Market structure : there are a number of different buyers and sellers in the marketplace. This means that we have competition in the market‚ which allows price to change in response to changes in supply and demand. Furthermore‚ for almost every product there are substitutes‚ so if one product becomes too expensive‚ a buyer can choose a cheaper substitute instead. In a market with many buyers and sellers‚ both the consumer and the supplier have equal ability to influence price. In some industries
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