Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
" Thus this principle is founded on an individual's ability to predict a given action's consequences. On predicting such consequences, an individual is supposed to choose the course of action which would in the end benefit the greatest number of people. In such a case, the choice selected would be considered ethically correct. For instance, if one innocent person has to be killed so as to save the entire human race, then it would be ethically right to kill such a person from a utilitarian point-of-view. An application of this principle in our scenario seems somewhat straightforward. To determine the right course of action in this case, the question to be asked is; of all the alternative courses of action at Dr. DoRight's disposal, which course of action would benefit the greatest number of people? In my opinion, seeking to ensure that the situation is brought under control no matter what it takes would benefit a significant majority of the parties in this scenario i.e. both current and existing patients as well as their families. However, some of his actions in this case could clearly fall outside his mandate. Further, aggressively pursuing the case could put Dr. DoRight on a collision course with those he had earlier talked to including the Executive Committee and the Regional Director. However, in accordance with utilitarianism principles, neither hospital regulations nor the constraints of his...
DoRight's way as he seeks to pursue that course of action which would benefit the greatest number of people who in this case happen to be the facility's patients (both current and future) as well as their families.
Conclusion
In conclusion, it is important to note that ethical dilemmas are largely unavoidable in our everyday lives. This is more so the case in professional practice. To effectively address these ethical dilemmas, professionals should ideally have a well-founded knowledge of ethical principles and theories.
References
Bredeson, D. (2011). Applied Business Ethics: A Skills-Based Approach. Mason, OH: Cengage Learning.
Ferrell, O.C., Fraedrich, J. & Ferrell, L. (2008). Business Ethics: Ethical Decision Making and Cases (7th ed.). Boston, MA: Cengage Learning.
Freeman, R.E. (2010). Strategic Management: A Stakeholder Approach. Cambridge: Cambridge University Press.
Lozano, J.M. (2002). Ethics and Organizations: Understanding Business Ethics as a Learning Process. Dordrecht, Netherlands: Kluwer Academic Publishers.
(Millstein, 2005) Since United States and Australia are countries which are already considered to be globally competitive that has attained its almost perfect status in the world market, developing countries are basically taking into account every step that they make for which they might soon adapt to attain the same position in the global context. Therefore, studying both countries' corporate governance is necessary in order for other developing countries to
Corporate governance has attracted attention of a number of people due to its emerging importance for a proper economic development of corporations and the society in general. According to Trevino, Weaver and Toffler (1999) what has been seen as a practice within the corporation in the last two decades showed a sad tale of corporate ethics. In a number of times corporation managers or the CEO usually work together with
Governance and Ethics Corporate Governance & Ethics Dr. DoRight is the highly respected executive at Universal Human Care Hospital. He and Universal both stand to lose a great deal if it leaks out that patients have been dying due to lack of internal controls and simple negligence. Not only have patients been dying, but it has been going on for at least two years and while Dr. DoRight has been fully aware
Or that he is to make expenses on dropping pollution outside the quantity that is in the best welfare of the business or that is mandatory by law in order to add to the social objective of improving the atmosphere (Friedman, 1970). Corporate culture has been established as an administration tool. Corporate culture can aid to attain corporate objectives comprising profit enlargement. Advocates of corporate culture as a tool propose
Additionally, it has been observed that whenever companies implement strategies of CSR, they do this not out of individual choice and desire, but as a result of imposed legislations. "All of these decisions are made under the mandatory legal rules embodied in employment and labor law, workplace safety law, environmental law, consumer protection law, and pension law. Such rules, because they often apply to all businesses, are not susceptible to
It should not be treated as a separate exercise undertaken to meet regulatory requirements." (ICA, 29) Here is expressed a philosophical impetus that drives the focus of this research, that such compliance which will generally concern matters such as corporate accounting, the practice of internal oversight and the practice of financial transaction must be considered inextricable from other aspects of practical, procedural and legal operation in terms of its