Utilitarianism, business ethics Essay Example | Topics and Well Written Essays - 1250 words

Utilitarianism, business ethics - Essay ExampleSo every aspect moldiness be examined to evaluate potential replete(p) and bad outcomes if the goods outweigh the bads, thusly mor solelyy, the action can be deemed right. If there are more bad consequences predicted, then the opposite applies. As with in all ethical and philosophical theories, there are more issues to be considered, nothing is quite so simple. Different forms of utilitarianism have been described over the centuries, like Benthams pain - pleasure as bad and good consequences. (Ethics, 8), but all seemed to taste to measure and define what utility actually means. If utilitarians consider morality to be all about consequences, then how are consequences measured, which calls into question how utility can be measured and how oftentimes of it is the rarified level to aim for Hinman states utilitarians must answer the question of whom these are consequences for (137). This question is highly relevant when use to using u tilitarian ethics in business, and in particular, within the context of the Ford Pinto case, to be discussed later. on that point are many different versions of the theory, all trying to define what consequences are applied to and how they may be applied. One version, mold-utilitarianism, considers that a rule or code of behaviour is morally right if, by its application, the consequences are more good that unfavourable to everyone. The actions driven by the rule would result in benefits, or goods for all of society.One example might be a Councils Urban Regeneration Programme, funded by Council Tax. The rule is that everyone must pay, and in doing so, produce an outcome that creates a better environment for the majority living in the urban area. The flaw is that those in the suburbs, who contribute the greatest amount, will not receive as much favourable consequences, on the premise that they already have plenty of utilities. So simply following a rule would not always be equally favourable.On the new(prenominal) hand, act-utilitarianism, the most common form utilise in many circumstances, looks at the consequences of every case individually and works out the benefits before fetching a morally right action. Leggett (13) in commenting on Fords use of utilitarian ethics, saysThe utilitarian approach evaluates from each one action separately and the consequences that arise from it. This analysis would include any harms or benefits incurred by any citizenry involved in the case. Business Ethics In applying utilitarian principles to business ethics, the cost-benefit analysis is most a lot used - it is a good decision making tool. Companies will attempt to work out how much something is going to cost them before taking action that should, ideally, result in consequences favourable to everyone. That would mean the caller-up could make a profit, while the consumer benefited from their product. Hopefully, products are fit for purpose, safe, and give value for money. No business would attempt a project without evaluation of all relevant factors first, as well as taking other issues or risks into account that might jeopardise success. Ethical business practice, using