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Ethics In Business Essay

629 words - 3 pages

Ethics Essay

Ethics play a huge role in the lives and actions of people. When considering the ethics of a situation importance should be put on the understanding of how a person will react to the event. Understanding the different theories will assist the decision maker in determining the necessary outcome of the situation and will make the outcome as favorable as possible. The three theories compared in this essay are virtue ethics, utilitarianism, and deontological theories. How a person reacts to a situation will be based on a particular ethical theory.
Virtue ethics places less focus on the act, but on the agent. If a person subscribes to the virtue ethics theory, they will be acting in a good and moral manner like being honest. Virtue ethic oriented people also believe that not only should a person act morally in their dealings, but actively correct negative behaviors like greed. Morally, virtue ethics ...view middle of the document...

For the greater good, I accompanied my friend to her appointment and assisted her in the healing process. Although this was morally incorrect for me, I felt it was more important to help my friend.
Utilitarianism theory dictates that consequences of the action must be ethically and morally correct. If the agent is moral is not highly prevalent within this theory. Ethical decisions must be determined based on the outcome that will provide the maximum benefit to the maximum amount of stakeholders. This theory also can show where the consequences of an action can lead. Although, people that oppose this theory state that there is no way to determine all the consequences of an action, therefore, how can the most moral or ethical action be taken if all actions cannot be considered. A personal example of utilitarianism would be the purchase of my home even though we were down to only one salary. The sacrifice that I had to make through taking on another job to ensure that my family had a stable home was more important to the good of everyone. The consequence of the action verified that the maximum benefit for everyone was provided.
Deontological ethics theory illustrates that good way should always be the right way. Deontological ethics is centered on the agent following the moral and ethical rules in every situation. There is no subjectivity as in consequentiality beliefs. Deontology can seemingly be rigid because there is no ability to show interpretation to moral codes depending on the situation. For example, at my place of employment there is no excuse for misrepresenting accounting. There are strict policies governing the procedures for recording and entering financial data. As in deontological ethical beliefs, there is no other interpretation but to be honest and accurate in processing financial data for the company.
How a person reacts to a situation will demonstrate their ethical and moral decisions. Understanding the ethical reasoning through the different theories assists decision makers to get a bigger picture of the outcomes and consequences to their decisions.

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