Session_5_-_Cht_2R - Ethical Principles in Business Session...

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Velasquez, M.G. cited in Heller, V.L.(2006). Instructo 1 Ethical Principles in Business Session 5 – Chapter 2 Business Ethics Concepts and Cases, 6 th ed. By Manuel G. Velasquez Richard Trevisan
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru 2 Session Objectives Review the normative theories. Compare and contrast the Kantian, Utilitarian and rights theories.
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru 3 Four Basic Types of Moral Standards What are the four basic types of moral standards?
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru 4 Four Basic Types of Moral Standards Utilitarianism (Consequentialism) Rights and Duties Justice and Fairness Ethics of Care
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru 5 2.1 Utilitarianism Ford Pinto case (pp.60-61) Apply the seven step reasoning model then answer the following questions: Do you think Ford was right? Why or why not?
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru 6 Utilitarianism A normative theory that holds that actions and policies should be evaluated on the basis of the benefits and lowest net costs they will impose on society. Many businesses rely on this type of cost-benefit analysis to make moral decisions.
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7 Utilitarianism Jeremy Bentham, 1748-1832.
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru 8 Utilitarianism Jeremy Bentham founded traditional utilitarianism ‘An action is right from an ethical point of view if and only if the sum total of utilities produced by that act is greater than the sum total of utilities produced by any another act the agent could have performed in its place.’
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9 Utilitarianism Jeremy Bentham is occasionally brought out in his “box” to attend university meetings. Until recently he was shown in the meeting minutes as “present but not voting.”
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru 10 Utilitarianism Students Plan for Sat. Night Movie Soccer Walk in Scale of 1 - 10 Game the Park Jane John Julie Total Utility
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru 11 Utilitarianism Students Plan for Sat. Night Movie Soccer Walk in Scale of 1 - 10 Game the Park Jane 6 -1 4 John 4 7 -4 Julie 3 5 6 Total Utility 13 11 6
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru 12 Utilitarianism There are three considerations: What alternatives are available Estimate the direct and indirect costs and benefits the action would produce for the foreseeable future Select the alternative that produces the greatest sum total of utility for all involved.
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Velasquez, M.G. cited in Heller, V.L.(2006). Instru
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