Three moral philosophies that impact Verizon’s ethical business decision making are teleology, utilitarianism, and egoism. Teleology is important because when making decisions, it is imperative that you think about the repercussions that may happen. It is even more important when making decisions for a large company like this. You will have to consider how this will affect the stakeholders as well. The consequences of unethical actions will affect their employees and their families.
For example, the organization must airlift completed parts to customers to shorten delivery times in the face of production delays. This method is significantly expensive compared to routine shipment methods. Another issue that bedevils the organization is low employee motivation and engagement. Employees are generally lethargic and unenthusiastic about their work. They do not work autonomously without pressure and supervision of managers (Beer & Collins, 2008).
Under this approach, an action is considered morally bad because of some characteristic of the action itself, not just because the product of the action is bad. Wells Fargo unethical practices demonstrates unethical behavior, under deontological ethical theories as its employees duty to operate in an honest and fair fashion , in providing services to the public. Wells Fargo codes of conduct does not permit sales practices of these sort, therefore the employees who participated in these practices made unethical decisions. Unfortunately there was a wrong-doing on a massive scale. The acts of unethical behavior were conducted by both the employees and management.
The purpose of this paper is to define utilitarianism and deontology, discuss the similarities and differences between the two, and to address an ethical dilemma utilizing utilitarian and deontological principles. Utilitarianism. Utilitarianism
The federal minimum wage needs to be raised in order to account for inflation. Inflation raises every year while minimum wage does not. A con this article looks at is the layoff rate. If the employer has a small budget and minimum wage is increased the business may not be able to pay all of their employees at the higher rate. As a result, the business will have to layoff their employees to compensate for the increased pay.
There are various theories in ethics, which are helpful to build the appropriate fundamental principles and applicable to professional and personal demeanor of a person in his life on a daily basis. There are mainly four theories which are crucial for right action and ethical behavior. These are: 1. “Golden means” ethics (Aristotle, 384 – 322 B.C.). According to this theory, the best solution is achieved through reason and logic and is a compromise or “golden mean” between extremes of excess and deficiency.
The Knowledge issue question is how can we determine that having the possession of knowledge about something should lead to ethical responsibility? We can answer this question by analyzing the statement “Possessing of knowledge sometimes does carry an ethical responsibility”. We can investigate this claim by exploring and applying the areas of knowledge, specifically
THEORIES ABOUT RIGHT ACTION There are various theories in ethics, which are helpful to build the appropriate fundamental principles and applicable to professional and personal demeanor of a person in his life on a daily basis. There are mainly four theories which are crucial for right action and ethical behavior. These are: 1. “Golden means” ethics (Aristotle, 384 – 322 B.C.). According to this theory, the best solution is achieved through reason and logic and is a compromise or “golden mean” between extremes of excess and deficiency.
Ethical Dilemma The term dilemma is defined as difficult problem or choice between equally alternatives while ethic is about positive not negative values. It must be choose one of that. In the situational, ethical dilemma faced in personal and societal relationship. As Enrich notes “ethic is about how we live our lives together in public sector institutions” (5). It can be indicates that people are faced with choices requiring them to make decision in an ethical life within the context of their relationship with others.