Bifalgorithm post · IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · 2.1. Understanding Business Ethics*
How do justice, utilitarianism, and deontology guide ethical decisions?
How do justice, utilitarianism, and deontology guide ethical decisions? (IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · 2.1. Understanding Business Eth…
Ideas in this flowchart
- Philosophies influencing individual business ethics
- Justice: the question of fairness
- Justice means an equitable distribution of society’s burdens and rewards.
- People expect exams, grades, and wages to be reasonably fair.
- The distribution of burdens and rewards varies among societies.
- Democratic societies often support equal pay for equal work, while market values make rewards unequal.
- Communist theorists distribute burdens according to abilities and rewards according to needs.
- Utilitarianism: seeking the best for the majority
- Utilitarianism focuses on consequences and seeks the greatest good for the greatest number.
- Its criticisms include difficulty predicting effects, producing winners and losers, and imposing unacceptable costs.
- Firing five employees instead of reducing everyone’s hours creates full-time winners and dismissed losers.
- Animal research may produce potential benefits, but some people consider its costs morally unacceptable.
- Deontology: following obligations and duties
- Deontology holds that fulfilling one’s obligations to individuals or society is ethically correct.
