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Question - After reviewing Utilitarianism and Universalism, discuss which of these principles you think is most often applied in business. Explain your reasoning by providing examples to support your thought process.
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The report is about Utilitarianism and universality. Applications to business are discussed in it. Specific objective: After reviewing Utilitarianism and Universalism this week, discuss which of these principles you think is most often applied in business. Explain your reasoning by providing examples to support your thought process.
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Levels and Types of Ethical Issues and Dilemmas Ethical issues and dilemmas result from pressures that are experienced at four levels. Potential dilemmas can occur at any or all of the four levels: (1) the individual level, (2) the company or organizational level, (3) the industry level, and (4) the societal, international, and global level. At the individual level a person experiences pressures from conflicting demands or circumstances that require a decision. Firms that engage in questionable practices and activities face possible dilemmas with their stakeholders and/or stockholders at the company level. At the industry level, company officers, managers, and professionals may be influenced by and contribute to specific business practices in the industry. Finally at the societal level, industry, organizational, professional, and personal ethics may clash at the societal level.
Ethical Dilemmas, Decision Criteria, Moral Creativity, and Ethical Reasoning Ethical dilemmas in business usually involve tough choices that must be made between competing interests. Although ethical reasoning has been defined, in part, by acting on “principled thinking,” it is also true that moral creativity, negotiating skills, and knowing your values also help solve tough “real world” situations.
Ethical Dilemmas, Decision Criteria, Moral Creativity, and Ethical Reasoning Levels and Types of Ethical Issues and Dilemmas Utilitarianism: A Consequentialist (Results-Based) Approach Universalism: A Deontological (Duty-Based) Approach, Rights: A Moral and Legal Entitlement-Based Approach. Justice: Procedures, Compensation, and Retribution Virtue Ethics: Character-Based Virtues The Common Good Ethical Relativism: A Self-Interest Approach,Immoral, Amoral, and Moral Management, Four Social Responsibility Roles 12. Individual Ethical Decision-Making Styles 13. Quick Ethical Tests 14. Concluding Comments
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