Utilitarianism And Good Ethics Equals Good Business Flashcards
Why is good ethics good business
If it business brands itself as ethical and is subsequently successful this is creating the greatest good. Employees will believe in the products they produce and customers will be happy they have bought ethical products. In this instance both share and stake holders are pleased
Why is good ethics not good business
Ethical products and processes are expensive. This could make the business loose money and so fail, leaving the customer, the employees and shareholders unsatisfied
Why might bad ethics mean good business?
Each company is judged on their own merits a utilitarian may see the benefits of zero hour contracts because, even though the workers will be unhappy the company’s money saved will be passed on to the customer, thus the shareholders will be happy
Why would Mill disagree with zero hours contract
Cheap good and good profit is a base level pleasure. Dignity and autonomy of the workers is more important. He’d argue that zero hour contracts create more bad than good
Bad ethics making good business - Ford Ford Pinto
Ford failed to modify the car to fit safety regulations, the car would often explode when shunted from behind. Ford calculated that modifying the car would cost them more than the compensation they would have to pay for the deaths and burn injuries the explosions would cause.
