that maximizes utility, usually defined as maximizing happiness and reducing suffering. * The Utilitarian tradition is often summarised as “the greatest good for the greatest number” * “The Classical Utilitarians, Jeremy Bentham and John Stuart Mill, identified the good with pleasure”. Therefore pleasure is the ultimate goal that will lead to an ethical society, according to the Utilitarian approach. John Stuart Mill: * was an English philosopher, political economist and civil servant.
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understanding of what will result from our choices. When we make choices which result in the correct consequences, then we are acting morally; when we make choices which result in the incorrect consequences, then we are acting immorally. A deontological approach is the opposite to this because it focuses on the act itself. Utilitarianism is an example of a teleological theory because an action's morality is based on whether its consequence brings the Greatest Happiness. This Greatest Happiness Principle
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Traditionally, the basis of utilitarianism is to do what will result in the greatest good for the most amount of people. However, in the article I read; Analyzing Insider Trading from the Perspectives of Utilitarian Ethics and Rights Theory written by Robert McGee, McGee described that as a bit of an outdated perspective. He instead gave a description of what he sees as the “modern utilitarian position”, where in order for something to be considered ethical, the gains would simply need to exceed
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Normative ethics are outlined in six approaches for managers to follow that include the utilitarian approach, individualism approach, moral rights approach, justice approach virtue ethics approach and the practical approach. The utilitarian approach began in the nineteenth century by two philosophers, Jeremy Bentham and John Stuart Mill. They believed that moral behavior produced the greatest good for the greatest number of people possible. The decision maker of the organization is expected to consider
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Normative ethics are outlined in six approaches for managers to follow that include the utilitarian approach, individualism approach, moral rights approach, justice approach virtue ethics approach and the practical approach. The utilitarian approach began in the nineteenth century by two philosophers, Jeremy Bentham and John Stuart Mill. They believed that moral behavior produced the greatest good for the greatest number of people possible. The decision maker of the organization is expected to consider
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of discussion and controversy for many decades. Utilitarianism is the chief teleological ethical theory today which considers the consequences of an action; such as abortion. This ethical approach to abortion is useful because it determines that “an action is right if it produces the greatest good for the greatest number”. It considers the hedonic calculus, designed by Bentham, which weighs up the pleasure and pain generated by the available moral actions; the theory mainly focuses on both pleasure
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UTALITARIAN THEORY Utilitarian suggest that actions are right if the consequences increase the good. The goal of utilitarian theory is to create the greatest happiness for the greatest number of people. The utilitarian theory is looked upon as the happiness theory. Utilitarian theory looks at the greater good. One of the first philosophers to connect to the utilitarian theory is Jeremy Bentham. Due to his background in law Bentham was interested in a moral perspective approach to lawful situations
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virtue ethics, utilitarian ethics, and deontological ethics. Normative ethics' golden rule is to do unto others what we want others to do to us. This establishes a single principle against which we judge all actions. The study and application of ethics has created a variety of approaches to the basic questions of what should I do?, what do i value?, and why do I value that? The purpose of this paper is to discuss the similarities and differences between virtue ethics, utilitarian ethics, and deontological
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adjustor. If Kevin perform this task than it would be damage of more than $500,000 which is beyond the actual estimate damage of $15,00.Kevin refused to perform the task and Matt called up to perform this task for them. Antonio faced dilemma such as what to do in this situation. He has mainly two choices such as a) to take a lawful action or b) compromise with person ethics. Antonio Melendez not feels any confident regarding bypass the chief financial officer Roger. Antonio Melendez not sure about
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these pleasures as well, this is the height of pleasure for animals. They will never experience anything better than a good meal and a hump. 3. Why does Gustafson think utilitarianism might be the ethical approach most suited for business? Utilitarianism may be the ethical approach most suited for business because it helps calculate happiness. In addition, this ethical approach helps keep businesses sane and supports higher aspirations. 4. Now, look at the example given on pp. 80-81 - embellishing
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