Xmgt 216 Week One
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Nov., 2011
XMGT 216 Week One
The utilitarianism approach represents the most well-known consequentialist theory. Utilitarianism emphasizes doing what benefits the greatest part of society rather than the individual. This approach considers ways to solve moral dilemmas for the greater good of the stakeholders. The harms and benefits to stakeholders out-weigh harms and benefits to individuals (According to University of Phoenix Managing Business Ethics, 2007, pp 97-98).
Two ethical thinkers associated with this theory include Jeremy Bentham and John Stuart Mill, who birthed this approach in the 19th Century to assist legislators with lawmaking decisions that proved morally best for society (Velasquez, 1996).
This process examines the best scenario to find the greatest benefit society as opposed to the worst possibility causing the most harm to society. One limitation of utilitarianism involves the ability to consider all consequences to all stakeholders affected either directly or indirectly by the moral decision made. Minority groups may also find themselves disregarded with the utilitarian approach because minority interests may benefit society but not the minority group.
The advantage of the utilitarian approach includes benefits to businesses and is used widely in that context. Managers use this approach commonly to benefit the interests of the company and satisfy the needs and wants of the greatest number of employees (According to University of Phoenix Managing Business Ethics, 2007, pp 97-98
A workplace example of the utilitarian theory applies to a common practice in Arizona. Immigrants from Mexico account for a large portion of manual labor jobs done in Arizona, but they often receive lower wages that White workers. This benefits companies who hire Mexicans because they make more profit. The Mexicans do not benefit because they earn less income. The benefits to society outweigh the harm to society and the...
XMGT 216 Week One
The utilitarianism approach represents the most well-known consequentialist theory. Utilitarianism emphasizes doing what benefits the greatest part of society rather than the individual. This approach considers ways to solve moral dilemmas for the greater good of the stakeholders. The harms and benefits to stakeholders out-weigh harms and benefits to individuals (According to University of Phoenix Managing Business Ethics, 2007, pp 97-98).
Two ethical thinkers associated with this theory include Jeremy Bentham and John Stuart Mill, who birthed this approach in the 19th Century to assist legislators with lawmaking decisions that proved morally best for society (Velasquez, 1996).
This process examines the best scenario to find the greatest benefit society as opposed to the worst possibility causing the most harm to society. One limitation of utilitarianism involves the ability to consider all consequences to all stakeholders affected either directly or indirectly by the moral decision made. Minority groups may also find themselves disregarded with the utilitarian approach because minority interests may benefit society but not the minority group.
The advantage of the utilitarian approach includes benefits to businesses and is used widely in that context. Managers use this approach commonly to benefit the interests of the company and satisfy the needs and wants of the greatest number of employees (According to University of Phoenix Managing Business Ethics, 2007, pp 97-98
A workplace example of the utilitarian theory applies to a common practice in Arizona. Immigrants from Mexico account for a large portion of manual labor jobs done in Arizona, but they often receive lower wages that White workers. This benefits companies who hire Mexicans because they make more profit. The Mexicans do not benefit because they earn less income. The benefits to society outweigh the harm to society and the...