Consequentialist Theories in Business Ethics

Ethics and Responsibility

 

Next Topic

Ethics and Responsibility > Forum > Consequentialist Theories in Business Ethics

Consequentialist Theories in Business Ethics
Dhiraj Khatri, Student (MBA), Australia, Member

Most theories pertaining to , or are either Consequentialist or Non-consequentialist by nature. According to this branch of corporate governance, consequences alone determine whether an option is morally correct: "The end justifies the means". Hence, according to consequentialist theories the consequences of one's conduct are the ultimate basis for any judgment about the rightness or wrongness of that conduct. It might be okay to lie or act unethically in order to generate a greater happiness. Hence, the consequences decide how a decision should be made. Utilitarianism and Egoism are two most prominent consequentialist theories. Here is some more information on the main Theories of Consequentialism:
  • UTILITARIANISM: An action is justified if it is generating greater good for all even at any harm. An example of this might be if the cruise ship is sinking and the captain has the chance of saving a 1000 lives at the cost of two. The act is considered to be justified by Utili (...) Read more? Sign up for free
 
 

Please register now to read all responses and to join this discussion yourself. It's easy and 100% free.

Sign up for free     Log in


         
Ethics and Responsibility

Forum
Best Practices


Ethics and Responsibility

 

Next Topic



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2020 12manage - The Executive Fast Track. V15.4 - Last updated: 7-4-2020. All names of their owners.