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Utilitarian Approach in Business Ethics

5-2 Project Two Submission Ethical Test or Framework Stephanie M. Latham Southern New Hampshire University Choosing a Test or Framework Thought-starter: picture yourself crossing the street without using the crosswalk or waiting for the light to turn green. Who would be responsible if this caused an accident? I have selected the Utilitarian Approach as the ethical framework and test for this company's employees based on the several ethical tests and frameworks covered in the course. An ethical theory known as utilitarianism evaluates deeds according to their effects. It seeks to optimize the majority's happiness and well-being. As a type of consequentialism, utilitarianism holds that the sole thing determining whether a course of action is right or wrong is how it turns out. Moral judgments can be guided by utilitarianism in societal, political, and personal circumstances. An explanation of the chosen option The Utilitarian Approach is an ethical theory that focuses on the outcomes or consequences of our decisions and the responses to our actions. Selecting the course of action that will result in the most benefits and the least harm is the fundamental tenet of this strategy. Benefits and drawbacks are considered for each individual impacted by the action. Benefits It aims to maximize enjoyment or benefits while considering everyone's welfare. It also offers a method for choosing between two solutions when they seem morally right. The benefits and drawbacks of utilitarianism demonstrate that happiness cannot serve as the exclusive basis for our decision-making. There are moments in life when only you are willing to make the right choice. Even though there are certainly significant advantages to this style of life, humanity would lose its integrity if it chose to adopt it. It is evident that this theory's shortcomings greatly exceed its advantages. Possible Drawbacks It can be challenging to precisely forecast the outcomes of an action. . It can be justified to do activities that are typically seen as unethical if they serve a greater good. Rationale for the Choice This business should adopt the utilitarian approach since it promotes choices that will have the most positive impact on society. This is in line with the goal of our business, which is to efficiently serve our community and consumers. Utilizing the Framework or Test To illustrate the use of the Utilitarian Approach in an ethical quandary, let us entertain the following fictitious case: Steve, an employee, finds a defect in a product that the firm is about to introduce. If Steve decides to overlook the problem if it is later found, the company may suffer serious financial and reputational consequences. The business might have to close if it loses all of its revenue and clients. The corporation can file for bankruptcy as a result of the financial burden. However, if Steve discloses the issue, the company could avert significant damage to its reputation and client base even though the product launch might be delayed. Based on the Utilitarian Approach, Steve would weigh the effects of each choice. Despite the