surrounding area of a company. Against this background‚ the question how a manager should act with regards to the owner of a company and the employees of a company is quite important. A possible answer to this question can be discussed in the stockholder vs. stakeholder debate. Although there are reasonable arguments for both – the stockholder and the stakeholder theory - I will use this paper to show that the stakeholder approach is superior and should be used for business in companies. To reach my
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Journal of Business Ethics (2009) 91:65–82 DOI 10.1007/s10551-009-0068-2 Ó Springer 2009 Analyzing Insider Trading from the Perspectives of Utilitarian Ethics and Rights Theory Robert W. McGee ABSTRACT. The common view is that insider trading is always unethical and illegal. But such is not the case. Some forms of insider trading are legal. Furthermore‚ applying ethical principles to insider trading causes one to conclude that it is also sometimes ethical. This paper attempts to get past
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just. Utilitarian main principle is maximizing society happiness. From Utilitarian point of view‚ the best action is the action produce happiness for the greatest amount of people. Even though minority of people will suffer for the majority’s happiness. Moreover‚ utilitarianism measures the cost and benefit in single scale which is happiness. From this view‚ any other things than happiness are not valuable. On the other hand‚ Libertarianism is an opposite principle of utilitarianism. Libertarian principle’s
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I can completely relate to your views on how Martin Luther King Jr. used the utilitarian approach for ethical decision making. Your examples for individualism and utilitarian added nicely to your views. Two more ethical decision making approaches that Martin Luther king also used are moral-rights and justice. For moral rights‚ “managers need to avoid interfering with the fundamental rights of others‚ such as the right to privacy‚ the right of free consent‚ or the right to freedom of speech” (Daft
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An exploration of utilitarian context in the short story “The Ones Who Walk Away from Omelas” In the story “The Ones Who Walk Away from Omelas” there is an underlying instrument for gaining opulence. The instrument in this story is a strain on one’s moral code and buried deep in tradition. Mrs.Le Guinn‚ the author of “The Ones Who Walk Away from Omelas”‚ utilizes this short story to portray how utilitarianism is justified‚ accepted‚ and deemed tolerable within society‚ even to the point of sacrificing
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Compulsory Licensing in the light of John Locke’s Concept of Property and Utilitarian Concept of Bentham Introduction:- Is it fair to grant compulsory licensing to any person of any persons’ intellectual property for which he is demanding higher price? Intellectual Property is “jura in re propria”. It is a valuable intangible property which vests on the owner in the form of artistic‚ literary‚ dramatic‚ musical‚ cinematographic works and sound recording. It also exists in any new creation which
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Discuss the distinction between a fundamental and a subordinate moral principle using the utilitarian theory as an example. A fundamental moral principle is a moral principle which is the ultimate basis for evaluating the rightness or wrongness of all acts. It is the ultimate and final reason in itself. It is the intrinsic value of the moral principle itself‚ not that it appeals to other moral principle or justified by other reasons‚ that makes it the fundamental moral principle. The absolutist
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Title: Application of ethical principles; utilitarian‚ moral rights and Justice Models to an Australian case study As demand and competition increases‚ companies have reduced their cost and increased their profits by turning to countries with less expensive labor. Roberts (2013) revealed that workers at the Indonesian Nike factory are being forced to work for less than minimum wage and being threatened through the hiring of military personal. Harrison (2010) when obtaining goods it is important
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Information systems (IS) focuses on the system making use of technology and information technology (IT) focuses on technology and how it can help in disseminating information. Usually Information system are build using the information technology. Information system referring to system designed to create‚ store‚ manipulate‚ communicate and disseminate information. Information systems typically include an IT component but are not purely concerned with IT‚ focusing in instead‚ on the end use of
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Topic: The Ethical Treatment of Animals Moral reasoning using Utilitarian and Rights-Based ethics Utilitarianism values equality of all interest parties. It is on the principle that when making a decision‚ thorough consideration on the consequent cost and benefit must be made‚ and it is on the basis of impartial consideration of all related interest parties that the final decision should be made. Rights-based ethics‚ however‚ value the right of individuals. It is more like individualism. It is
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